Private Sector Has Most Capital To Drive Economy – Tony Elumelu

As the stakeholders’ forum on “Realising the full potentials of the Nigerian economy through proactive capital market legislation” continues to attract interest, the Chairman, Heirs Holdings, Tony Elumelu, yesterday assured that the private sector is capable of providing the most capital needed to drive the economy.

According to Elumelu: “The private sector has the most capital to drive the economy and must take over the role that the government has wrongly assumed over years.”

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Elumelu, who presented a keynote paper on “Deepening the capital market to include privatised and systematically important entities” in one of the technical session said for this to happen, the government must focus on its proper role in creating, improving and strengthening the enabling environment for business in the country.

On the current situation in the country, Elumelu said that many state-owned enterprises have been privatized, but only a few are listed on the market post government sale such as Transcorp Hotels and a few others, adding that corporations such as the IOCs and Telcos were yet to be listed, thereby depriving Nigerians a lot of benefits.


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Daniel Enisan is a content writer at With a degree in mass communication, Daniel is a full breed journalist. Daniel is a realist, loves the use of sarcasm, a movie and music junkie. He is also a poet and a good listener.

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