Professor Uche Uwaleke Calls for Credible Delivery Framework for New Capital Market Master Plan

Renowned professor of capital market, Uche Uwaleke, has underscored the need for the newly launched Nigeria Capital Market Master Plan (NCMMP 2.0) to be accompanied by a credible delivery framework to ensure its successful implementation. According to THISDAYLIVE, Uwaleke emphasized the importance of having a delivery framework that is transparent, accountable, and results-oriented, as well as involving all relevant stakeholders in the process. This call for a credible delivery framework follows the launch of the NCMMP 2.0, which is aimed at modernizing and expanding Nigeria’s capital market, and enhancing its competitiveness in the global financial landscape. With the NCMMP 2.0 set to drive growth and investment in Nigeria’s capital market, a credible delivery framework is critical to achieving its objectives and building trust among investors. The NCMMP 2.0 is expected to address a range of challenges facing Nigeria’s capital market, including inadequate regulatory frameworks, inadequate infrastructure, and lack of transparency. The Master Plan, which is a collaborative effort between the Securities and Exchange Commission (SEC), the Nigerian Stock Exchange (NSE), and other stakeholders, aims to increase the participation of retail investors in the capital market, deepen the market, and improve its efficiency. According to THISDAYLIVE, Uwaleke’s call for a credible delivery framework is timely and relevant, given the potential impact of the NCMMP 2.0 on Nigeria’s economy and the lives of millions of Nigerians. The success of the NCMMP 2.0 will depend on the credibility and effectiveness of its delivery framework, and the involvement of all relevant stakeholders in its implementation.