​NSE, Bloomberg Held 4th CEO Roundtable​
Tuesday, October 9,  201 8

The Nigerian Stock Exchange (NSE) in collaboration with Bloomberg held the fourth edition of the NSE-Bloomberg CEO Roundtable on Tuesday, October 9, 2018, at Stock Exchange House, Marina, Lagos. The event themed, “Reshaping the Nigerian Economy for Sustainable Growth: Leveraging the Fourth Industrial Revolution as a Catalyst for Advanc​ement”, brought together leaders and experts from Financial Services, Fintech, Capital market participants, and other thought leaders, to discuss the opportunities the Fourth Industrial Revolution provides for the development of the Nigerian economy.

In his opening remarks, Oscar N. Onyema OON, Chief Executive Officer, NSE, said that “most of the world's developed economies have begun to adapt to the Fourth Industrial Revolution, which has integrated digital, physical and even biological technologies, with clear impacts on unlocking latent economic value, with far-reaching effects that have led to disruption of certain industries and creation of new ones. The opportunity the Fourth Industrial Revolution presents is unlike any other, as the barriers to entry are low, with an upside that is vast and yet to be quantified”.

“In order to capitalize on the opportunities presented by the Fourth Industrial Revolution, The Exchange is investigating the market potential of key emerging technologies in order to deploy solutions which will: (i) empower a larger proportion of the populace to access the capital market; and (ii) unlock efficiencies in product and service delivery for capital market operators”, he added. 

The CEO Roundtable featured an interactive panel discussion on the theme and had Oladele Afolabi, Director, Portfolio Management, Debt Management Office; Mr. Victor Etuokwu, Executive Director, Access Bank Plc; Jubril Enakele, Chief Executive Officer, Zenith Capital Plc; Titi Odunfa Adeoye, Chief Executive Officer, Sankore Investments; Shola Akinlade, Chief Executive Officer, Paystack; Mark Bohlund, Africa Economist, Bloomberg Economics (BE) and Paul Wallace, Africa Emerging Markets Reporter, Bloomberg News as panelists.

Speaking on where Nigeria stands today in terms of the Fourth Industrial Revolution, Shola Akinlade noted that opportunities abound with technology and Nigeria has started taking advantage of them. “There is a new generation of people and companies in Nigeria that are building amazing things and solving problems. Gone are those days when we wait for people to come to solve our problems”.

Jubril Enakele pointed out that in the wake of massive transactions taking place with Bitcoin and cryptocurrencies in developing and developed countries around the world, finance and capital market operators must adopt technology. 

Titi Odunfa Adeoye opined that Nigeria needs more technology stars such as PayStack for investors to actively engage with. “Paystack is doing is great to encourage other people to solve specific problems, but we need finance people to start embracing technology and not wait to understand it first, but think of their businesses as technology business”.

In solving the challenges of financial exclusion in Nigeria, Victor said that the barriers to financial access has to be brought down, leveraging opportunities the Fourth Industrial Revolution brings. "These are the things we need to work on, and we need to do it by using the data on our hands to add value to the financial services space", he added.

Speaking on how the government can drive this revolution, Oladele Afolabi highlighted the passion of the government in driving retail participation at the capital market. "We are looking at automating the process for subscribing, whereby investors can buy bonds from their phones and generally make things easier for people to invest”.

The annual NSE Bloomberg CEO Roundtable is a platform that ensures continuous dialogue with key stakeholders and provides strategic solutions to economic issues for follow up implementation by The Exchange in its capital market advocacy role.