{"id":38574,"date":"2020-02-24T19:52:57","date_gmt":"2020-02-24T18:52:57","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=38574"},"modified":"2020-02-24T20:24:59","modified_gmt":"2020-02-24T19:24:59","slug":"fg-plans-more-incentives-to-boost-capital-market","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/fg-plans-more-incentives-to-boost-capital-market\/","title":{"rendered":"FG Plans More Incentives To Boost Capital Market"},"content":{"rendered":"

Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has promised that the federal government would introduce more tax incentives to boost investment in the Nigerian capital market.<\/p>\n

She gave the assurance on Monday when she paid a courtesy visit to the Nigerian Stock Exchange (NSE), saying that the ministry would work with the Exchange to put policies in place to enhance the market.<\/p>\n

She stated that some tax provisions have been made in the Finance Act that would help to deepen the market in areas of Real Estate Investment Schemes (REITS) and securities lending.<\/p>\n

\u201cWe have asked the NSE to continue to work with us so that we can encourage Nigerians to invest more in the Nigerian capital market. We have a lot of resources locally and we are working with the NSE to ensure we mobilize resources through the market. We will support any policy that government needs to put in place to enable the growth of the market,\u201d she said.<\/p>\n

She explained that while the Finance Act 2020 has taken care of some incentives, the next Finance Act would make provisions for incentives that would make the market more attractive to investors.<\/p>

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Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

Responding to the capital market operators\u2019 request to defer the planned recapitalization exercise in the market, the minister said it would make them stronger and compete better in the market.<\/p>\n

In his welcome address, the Chief Executive Officer of NSE, Mr. Oscar Onyema, said the visit by the Finance Minister \u201cis one in a series of the NSE\u2019s renewed government relations, where key government stakeholders interact with the capital market community on important issues that affect both parties in terms of Nigeria\u2019s economic management and policy reforms, Ease of Doing Business environment, foreign and local investment attractiveness, capital market and ultimately economic growth and development.\u201d<\/p>\n

Photo Caption: From Left– Mr. Oscar Onyema, Chief Executive Officer, The Nigerian Stock Exchange (NSE); Ms. Mary Uduk, Acting Director General, Securities and Exchange Commission (SEC); Otunba Abimbola Ogunbanjo, The President of the National Council of the NSE; Dr. Zainab Shamsuna Ahmed, Minister of Finance, Budget and National Planning; and Dr. Sarah Alade, Special Adviser to the President on Finance and Economy during the visit of the Minister of Finance, Budget and National Planning to the Exchange on Monday, in Lagos.<\/p>\n","protected":false},"excerpt":{"rendered":"

Mr. Oscar Onyema, Chief Executive Officer, The Nigerian Stock Exchange (NSE); Ms. Mary Uduk, Acting Director General, Securities and Exchange Commission (SEC); Otunba Abimbola Ogunbanjo, The President of the National Council of the NSE; Dr. Zainab Shamsuna Ahmed, Minister of Finance, Budget and National Planning; and Dr. Sarah Alade, Special Adviser to the President on Finance and Economy during the visit of the Minister of Finance, Budget and National Planning to the Exchange on Monday, in Lagos.<\/p>\n","protected":false},"author":6,"featured_media":38575,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[17],"tags":[6849,6848,740,575],"coauthors":[2391],"class_list":["post-38574","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-news","tag-budget-and-national-planning","tag-minister-of-finance","tag-nse","tag-sec"],"yoast_head":"\nFG Plans More Incentives To Boost Capital Market - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/fg-plans-more-incentives-to-boost-capital-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FG Plans More Incentives To Boost Capital Market - National Wire\" \/>\n<meta property=\"og:description\" content=\"Mr. Oscar Onyema, Chief Executive Officer, The Nigerian Stock Exchange (NSE); Ms. Mary Uduk, Acting Director General, Securities and Exchange Commission (SEC); Otunba Abimbola Ogunbanjo, The President of the National Council of the NSE; Dr. Zainab Shamsuna Ahmed, Minister of Finance, Budget and National Planning; and Dr. Sarah Alade, Special Adviser to the President on Finance and Economy during the visit of the Minister of Finance, Budget and National Planning to the Exchange on Monday, in Lagos.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nationalwire.com.ng\/sub\/fg-plans-more-incentives-to-boost-capital-market\/\" \/>\n<meta property=\"og:site_name\" content=\"National Wire\" \/>\n<meta property=\"article:published_time\" content=\"2020-02-24T18:52:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-02-24T19:24:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2020\/02\/IMG_20200224_195524.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"802\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Friday Ekeoba\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#website\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/\",\"name\":\"National Wire\",\"description\":\"About Nigerians, Nigerian Business and Other Stories\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/nationalwire.com.ng\/sub\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/fg-plans-more-incentives-to-boost-capital-market\/#primaryimage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2020\/02\/IMG_20200224_195524.jpg\",\"contentUrl\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2020\/02\/IMG_20200224_195524.jpg\",\"width\":802,\"height\":600},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/fg-plans-more-incentives-to-boost-capital-market\/#webpage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/fg-plans-more-incentives-to-boost-capital-market\/\",\"name\":\"FG Plans More Incentives To Boost Capital Market - National Wire\",\"isPartOf\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/fg-plans-more-incentives-to-boost-capital-market\/#primaryimage\"},\"datePublished\":\"2020-02-24T18:52:57+00:00\",\"dateModified\":\"2020-02-24T19:24:59+00:00\",\"author\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927\"},\"breadcrumb\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/fg-plans-more-incentives-to-boost-capital-market\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/nationalwire.com.ng\/sub\/fg-plans-more-incentives-to-boost-capital-market\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/fg-plans-more-incentives-to-boost-capital-market\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/nationalwire.com.ng\/sub\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"FG Plans More Incentives To Boost Capital Market\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927\",\"name\":\"Friday Ekeoba\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/author\/friday\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"FG Plans More Incentives To Boost Capital Market - National Wire","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/nationalwire.com.ng\/sub\/fg-plans-more-incentives-to-boost-capital-market\/","og_locale":"en_US","og_type":"article","og_title":"FG Plans More Incentives To Boost Capital Market - National Wire","og_description":"Mr. Oscar Onyema, Chief Executive Officer, The Nigerian Stock Exchange (NSE); 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