Lagos - The U.S. Ambassador to Nigeria, James Entwistle on Wednesday lauded
the management of the Nigerian Stock Exchange (NSE) on its accountability and
Entwistle, who gave the commendation during his visit to NSE’s trading floor
in Lagos, described the organisation as one of Nigeria finest institutions.
“The NSE is today one of Nigeria’s finest institutions and an increasingly
important part of the Nigerian economy.
“A healthy, well-run and well regulated stock exchange allows citizen
shareholders to participate in Nigeria’s economic success.
“I therefore, want to applaud the leading role the NSE has taken in
promoting high corporate accountability and transparency standards,’’ he said.
The envoy said the U.S. was ready to partner the Nigerian government in
promoting policies that would lead to sustainable economic growth.
According to Entwistle, the partnership is also expected to improve trade
relations between the two countries.
The envoy noted that companies like Dangote Group, Transcorp, Honeywell and
Seplat had made remarkable growth in recent years.
“These firms are driving Nigeria’s economy forward. Their development is
good for both Nigeria and the United States.
“They are creating opportunities for trade and investment that creates
wealth, as well as promote job creation in the two countries,’’ he said.
Sam Ndata, the Doyen of NSE, called on the U.S. government to assist in the
development of the market.
Ndata said the market would need the partnership of the U.S. government to
fully realise its objectives.
He urged Entwistle, to use his office to invite President Barrack Obama, to
visit the NSE in Lagos.
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