‘TRADING OF DEMUTUALISED NSE SHARES TO BOOST NASD ACTIVITIES’

Council member, Garba Kurfi had said the demutualisation was a good thing because it is going to unlock more capital for the market.

“For instance, if I place shares as collateral, I can trade and make money, we are pleased this is coming after so much delay,” he said.

Also, another stockbroker, Mr. Samuel Ayo Oguntayo members who would be allotted their shares could trade those shares on over-the-counter (OTC) and make money.

Former Director General of NSE, Prof. Ndi OkerekeOnyiuke, had also said: “With this demutualisation, anybody in any part of the world can have access, the exchange will have a lot of money to execute high level plans that they have and people that will invest in the exchange will also make money. It is the best thing that will happen to the Nigerian economy.” be a game changer for waste management in Nigeria, as they have been in Brazil, Argentina and Colombia. In these countries, they have been so deeply integrated that they even have cooperatives or unions,” it added.

Citing lessons from Brazil, it pointed out that in the South American country, the government partners informal waste pickers and scavengers as environmental agents for proper waste disposal, especially in densely populated urban cities.

The National Basic Sanitation Policy, initiated in the country in 2007 (and complemented by the National Policy on Solid Waste in 2010), introduced an integrated waste management framework, the report revealed.

The framework encourages the formation of unions for regional waste management as a means of strengthening municipal waste management capacities through economies of scale and cost reduction.

This, it noted, had helped to facilitate a shared sense of responsibility towards waste collection, disposal and recycling, in addition to boosting job creation.

REPORT SEEKS ENHANCED MEASURES FOR WASTE MANAGEMENT