THISDAY, 8th December 2016
Stockbrokers have lauded the election of Mr. Godwin Obaseki as the Governor of Edo State, saying that as a stockbroker the governor should ensure economic transformation of state.
According to the brokers, Obaseki should live up to expectation because stockbrokers are not only financial engineers but they are also guided by strict ethical standard.
The Chairman, Association of Stockbroking Houses of Nigeria (ASHON), Chief Onyewechukwu Ezeagu said that a stockbroker’s word is his bond as a result the governor would live up to his manifestoes.
Ezeagu said: “His priority should be infrastructure development via funding through the capital market to address unemployment issues. He should focus on agroallied business, information and communications technology (ICT) and health care. He should achieve funding mix by leveraging his colleagues in the capital market. He has no excuse not to succeed considering his pedigree.”
The acting Registrar and Chief Executive of the Chartered Institute of Stockbrokers (CIS), Mr. Josiah Akerewusi stated that Obaseki had made history as the first chartered stockbroker to emerge as the chief executive of a state in Nigeria.
“Edo State should expect governance at its best. As the immediate past Chairman of Edo State’s Economic Team, he has a grip of the economy of Edo State. This will undoubtedly aid his overall performance in the governance of the state. He should boost the internally generated revenue (IGR) of the state through the creation of new income stream by also removing inherent inefficiencies in the current income streams,” Akerewusi advised.
A former President of the CIS, Mr. Mike Itegboje, who was highly excited that a fellow of the Institute emerged a state governor said Obaseki should begin to implement his programme of employment of 200,000 people in Edo State as electorates would hold him to his campaign promises.
Also speaking the Chief Executive Officer, Mr David Adonin said: “He has the expertise, background, experience and integrity to deliver the desired result.”
The Manager Director, Network Capital Limited, Mr. Ropo Dada described Obaseki’s election as a clear evidence of versatility of stockbroking profession.
According to Dada, the fact that Obaseki won the election implied that nobody could fault him professionally.
“Stockbrokers operate under a very high ethical standard and values embedded in the profession. He will certainly favour a private sector- led economy where assets are effectively allocated based on project viability and long term benefits to the people. He is expected to attract new investors and companies to the state, using private- public partnership initiative,” Dada said.