Globally, the capital market is one of the cornerstones for national economic development. Indubitably, the success or failure of any nation's economic policies is usually anchored on its capital market operations. In other words, the state of a nation's capital market mirrors the general condition of its economy. Indeed, its capacity to facilitate the rational allocation of resources aids the expansion of trade and industry in both public and private sectors, thus promoting balanced economic growth in any country. In recognition of this fundamental responsibility and in order to create the needed depth for discharging same, the statutory watch dog for the nation's capital market; the Securities & Exchange Commission has just concluded a 3 (three) day training session themed "Securitization: A Panacea for Deepening the Nigerian Capital Market" facilitated by Sidley Austin LLP and Perchstone & Graeys to augment the capacity of its officers in that regard. The January 28 to 30, 2013, training came against the back-ground of on-going efforts by the Central Bank of Nigeria and the World Bank to mainstream sophisticated instruments and structures into the country's financial sector for the development of the Housing sector. The training was directed by Professor Graham Penn, who was assisted by Mr. Osaro Eghobamien, SAN.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.