**Interview with Kayode Tokede of the Chartered Institute of Stockbrokers**
**Interviewer:** Given the challenging operating environment in Nigeria, how is the Chartered Institute of Stockbrokers (CIS) planning to address these issues?
**Kayode Tokede:** We are indeed concerned about the current economic landscape. The CIS aims to leverage the financial expertise of our members to develop strategies that will help the federal government reach its ambitious goal of a $1 trillion economy.
**Interviewer:** What specific initiatives will the CIS be focusing on to contribute to economic growth?
**Kayode Tokede:** One of our main initiatives is to showcase innovative solutions aimed at expanding the capital market and fostering economic development. This will be central to our 28th Annual Stockbrokers Conference, which is set for November 7th and 8th, 2024, in Ibadan, Oyo State.
**Interviewer:** Can you tell us more about the theme and objectives of the upcoming conference?
**Kayode Tokede:** The conference, titled “Capital Market as a Catalyst for the $1 Trillion Economy,” will delve into the vital role that the capital market plays in Nigeria’s economic growth. Participants will analyze the current state of the Nigerian economy, identify areas for improvement, and discuss strategies to enhance the capital market’s contribution to economic growth. We also aim to foster collaboration among stakeholders to drive necessary policy reforms and regulatory improvements.
**Interviewer:** How do you see the capital market contributing to the federal government’s economic vision?
**Kayode Tokede:** Under President Bola Ahmed Tinubu’s leadership, the vision for a $1 trillion economy has been clearly articulated. We believe that the Nigerian capital market can be a key driver in achieving this goal, with the potential to generate up to half of the projected $1 trillion.
**Interviewer:** Why was Ibadan chosen as the location for this year’s conference?
**Kayode Tokede:** Choosing Ibadan was a deliberate decision. This ancient city offers numerous attractions that will provide memorable experiences for our participants. It allows stockbrokers a break from the hectic pace of Lagos, offering a more relaxed atmosphere for networking and connecting with one another. Plus, many listed companies have their factories located in Ibadan, adding to its significance.
**Interviewer:** What can participants expect from the conference’s sessions?
**Kayode Tokede:** The 2024 conference is unique in that our panel sessions are thoughtfully structured to address critical issues affecting the Nigerian business environment. We’ll discuss the policy and regulatory frameworks necessary for optimal capital market performance, as well as how digital innovation can be harnessed for the overall growth of the capital market ecosystem.
**Interviewer:** It sounds like an exciting event! Thank you for sharing these insights with us.
