FTC MD Advocates for Capital Market Reforms in Nigeria

The Managing Director of FTC, Otunba Olufemi Ajayi, stated that Nigeria's growth is contingent on robust capital market reforms. Despite challenges such as foreign exchange volatility and inflationary pressures, the Nigerian equity market shows resilience, particularly among banks and consumer goods sectors.

Ajayi noted that corporate earnings remain strong, attracting institutional interest, especially from domestic pension funds. He emphasized the need for broader retail participation in the capital market, addressing barriers like low financial literacy and historical distrust.

FTC, celebrating its 50th anniversary, has evolved from a traditional stockbroking firm to a diversified financial services platform. The firm aims to enhance market access through digital infrastructure and strategic partnerships while reinforcing regulatory frameworks.

Ajayi highlighted the importance of integrating financial services and trust in the currency, advocating for educational initiatives to improve investment participation among younger Nigerians.