Should government direct cash injection remain foreclosed as the Nigerian Stock Exchange continues to slide?

Ayoola Gilbert O.
#1

26.10.08

For the capital market to overcome the current lull and dominance of the bears in the equities sector, the Federal Government must urgently intervene to prevent total collapse of the market. The government through the Central Bank needs to inject at least N3 trillion to open up credit line (margin facility) from the banks. The tenor for such fund should be minimum two years and five years maximum. Further crash in share prices will be devastating for the economy. If urgent steps are not taken, the market might collapse finally pulling down the banking system. This will result in job loses and more grave implications. The time to act is now. If equity prices continue on daily depression as we currently have, it will be more difficult to arrest the situation in the future. Government intervention is crucial to restore investors? confidence which is already dampened. The National Assembly should have oversight of the process and ensure transparency and that cash so injected restores liquidity to the market, and regulators must carry out their functions with foresight.

Alfred Babatunde
#2

07.02.09

The continued slide of the Stock Market requires an urgent intervention of the government as failure portends great danger for the 140 million Nigerians. For an emerging market such as Nigeria, The Government cannot foreclose direct intervention. If Obama can inject trillions into the American economy, Nigeria should take a cue without further delay. All the gains of the past administration will amount to nothing. May God help us.

Alfred Babatunde
#3

07.02.09

Alfred Babatunde
#4

07.02.09

Samuel
#5

06.03.09

I believe there is too little that is known about how the banks are affected. But the impression is that Nigerian banks are not (yet) affected. If they become affected, they will speakout just like the big 3 auto companies in the US have had to. Big Western banks also are disclosing how they are affected and their need for bailout or capital raising. It is unnecessary to make a patient out of a healthy individual.

Alex
#6

02.04.09

The believe that money, in collaboration with our technical know-how, has made some of our top stakeholders think that with all these, a man can cheat nature. When they are interviewed, a lot made the mistake of forgetting that a man can never cheat nature. The present economic crisis is a call to a man to remember that there is nothing done with out putting nature in consideration. Global news had it that many top acclaimed stakeholders had been called in U.S.A for a special intervention, eventually, all they proved solved it not. Nature had it that time come when man readjusts, readjust because many of the existing theories had been violated by crime rates. The economic deflection in hand tells man it is a time he regard some but not all the former theories outdated, their by getting new back ups from present day scholars (not from old ones in the case of those nations that think it is the old ones that think wisely). Lastly, the economic problem we are facing now is some total of mistakes done by stakeholders accumulated from day one, since last economic deflection ended, till the day this present one came into effect.

Alex
#7

02.04.09

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