The Chief Executive Officer of FMDQ Holdings Plc., Mr. Bola Onadele Koko, on Monday paid a courtesy call on the Vice President, Prof. Yemi Osinbajo, in Abuja.
Among the delegates in the Vice President’s entourage were the Special Adviser to the President on Economic Matters, Office of the Vice President, Dr. Adeyemi Dipeolu, and the Deputy Chief of Staff to the President, Office of Vice President, Mr. Ade Ipaye, as well as other special advisers to the President.
The focal point of the visit was discussion on how the Nigerian financial markets could be leveraged for the nation’s transformation.
Onadele, who was accompanied by his management team, during his presentation, expressed appreciation to the Vice President for his active and impactful contributions towards the development of the nation’s financial markets.
In particular, Onadelko said the passing of the Companies and Allied Matters Act 2020 is set to spur economic and a new wave of innovative developments, improve the ease of doing business and stimulate increased economic activity.
This, he added, will create employment, generating additional wealth, and increasing tax revenue for the government, and introduce a new paradigm in the financial markets whilst repositioning Nigeria as a compelling destination for capital.
He also highlighted the launch of the Financial Centre for Sustainability, Lagos Fintech Hackathon in March 2021, wherein the Vice President urged participants to develop creative solutions for sustainable farming and cleaner energy, as well as the passing of the Petroleum Industry Act 2021, critical to enable the oil and gas sector access debt and equity capital.
Onadele reiterated during the meeting, FMDQ’s commitment to performing its strategic roles as a market organiser, catalyst for capital formation, adviser to governments and regulators and financial markets diplomat.
While speaking, Osinbajo commended FMDQ Group on the laudable achievements and developments made in the Nigerian financial markets and beyond since its establishment.
He reassured FMDQ that he was willing and excited to support FMDQ in championing the realisation of Nigeria’s full potential.
He also urged the Management of FMDQ Group to further explore ways to de-risk the Nigerian financial markets and the housing finance sector.