Nigeria needs legal reforms to build a stronger Economic base-ISAN Boss
•Research Signal
The National Co-ordinator of Independent Shareholders Association of Nigeria(ISAN),Dr Anthony Omojola has said that Nigeria needs to embark on needed legal reforms if it plans to build a greater economy for her future.
Speaking during ISAN 7th Triennial Conference which held recently at Airport Hotels,Ikeja,Lagos Dr Omojola maintained that although the nation’s economy is worthy of praise but that more is needed in the overall interest of the future.Even as he revealed that his NGO is currently raising funds to build a befitting Secretariat to the tune of N100 million.
According to him” for an economy that witnessed three economic depressions within a decade,and still seen as the giant of Africa,Nigeria must be grateful to God for its reliance to stand the test of time”.
He contended that the only thing separating the country from the developed economies is its undeveloped judicial structure which he said is the weak-link in Nigeria’s economic development,saying that an effective restructuring or reform of our judicial processes and system would transform the situation of things.
He demanded that the transformation he was talking about should be all encompassing touching the areas of finance,welfare,
It should be recalled that the ISAN Boss recently discoed that’We have been fighting that unclaimed dividends do not belong to the government and will not belong to the government or any of the agencies under any guise. For over 15 years, the fight continues and the last efforts of the FG and its agencies to legislate on it has been checkmated through court process.”
He posited that naturally performance of the capital market is based on government policies, stressing that the current policies regulating the macro-economic environment are not favourable to the operation and growth of the economy