By Chukwuma Umeorah
Organisers of the Pearl Awards Nigeria have called on all major stakeholders of the capital market including government and regulatory authorities to intensify efforts at growth and sustainability of the market.
Speaking at a press conference in Lagos, Tuesday, the President, Pearl Awards Nigeria, Tayo Orekoya, commended key players in the market for their outstanding performances despite challenging macroeconomic environment. He however said that there was need for more innovative approach toward ensuring better sustainability of the market and restoring investors’ confidence.
“To assure the depth, growth and sustainability of our markets, PEARL Awards Nigeria hereby implores major stakeholders including government, regulatory authorities for collaboration towards achieving market growth, stability and innovativeness. Regulators in particular must intensify efforts in utilising innovative approaches towards restoration of investor’ confidence in the market and deepening the market for enhanced development.”
Orekoya noted that a deliberate collaborative effort by all stakeholders would not only improve the state of the market, but will likewise make it more desirable for new investors. He reiterated commitment to recognising and rewarding stakeholders in the Market as he announced the 2022 edition of PEARL Awards themed “Sustaining Excellence through Tenacity” set to hold on November 27, in Lagos.
The Pearl Awards boss said that the Awards would continue in its tradition of rewarding and recognising outstanding performances by renowned companies in Nigeria “based on verifiable facts and figures”. He assured of the integrity of the selection process which will be guided by the principles of fairness, transparency and objectivity. According to him, “winners were selected by merit based on their performance in the Capital Market and their contribution to the general growth and development of the economy.