The Federal Government is to inject the sum of six point five billion Naira into the Capital Market.
This was made known by the Chairman, Senate Committee on Capital Market, Senator Isiaka Adeleke.
The information is coming even as Senators and members of the House of Representatives today commenced the process of shoring up the dwindling fortunes of the country’s Capital Market.
At a joint press briefing of the Senate and House of Representatives Committees on Capital Market, the lawmakers said that they have resolved to rejuvenate the Capital Market to enable it play active role in revamping the economy of the country.
Senator Adeleke who spoke at a stakeholders’ forum on “realizing the full potentials of the Nigerian economy through proactive capital market legislation,” said that the government planned to inject six point five billion naira to shore up the fortunes of the Capital Market as well as to protect investors’ funds.