Expectations for 2015 have risen for Shareholders who have investments in the Nigerian Capital Market as they expect to get better dividend.
However, hopes have been dashed as a result of economic and political issues spanning from Naira devaluation, recapitalisation of stock broking houses, the forth coming elections and others.
Shareholders in this interview said they are sad that things will move at a slow pace, while others said they are sad because their bonuses and dividend expectation may not be meet. Excerpt:
Alh. Gbadebo latokunbo: Shareholders Activist
The way things are in Nigerian economy, we cannot say the capital market is going to be rosy, though there were lots of things which were lined up for 2015 but unfortunately the economy is not helping it and without the economy being buoyant, activities in the economy’s parameter is always down. We have not been taking care of our economy, all we do is spend we don’t keep for the rainy day and planning well for the future. Rainy day is every year, future is a long period, planning for a short term does not help a nation, it does not even help a human being not to talk of a nation, your plan has to be a long term plan and we have not been doing that for long but if you dwell so much on that they will think you are a politician but that is not it. The truth is that we have failed in planning for long term and even the short term was not fully digested and when you have opinion and you voice it they just look at you and question your pedigree and ask whether you belong to this or that, they give it a name forgetting that Nigeria belongs to all of us. My position for the capital market as at this first quarter is very bleak and I pray things turnaround. I cannot say much but the capital market prediction right now is bleak because the economy is nose diving. In Nigeria we don’t like the truth, whoever says the truth is the enemy of the day but they have forgotten that we are all Nigerians we have no other country than Nigeria, even if I go to Britain or America and leave there for 20 0r 40 years am still a Nigerian.
Unlike the Stock market, Forex trading is Online
Without the economy being buoyant, there are so many things you have to put in ambiance, I supported the Security and Exchange Commission, SEC, by asking the stock brokers to bring up their capital base but with the situation there is nothing anybody can do and am happy that all heads were put together to say that the reality of the situation is to relax. Once you are in this kind of situation that we are now as a nation, you cannot ask for new increase on things. It is a good decision by extending it, you cannot do otherwise because things are terrible for our country economically. It is a pity because I was thinking I will get a lot of dividend this year but the way things are, I am sad that instead of us making progress in this country, we take one foot forward and three feet back. We are going to 100 years as an independent nation and we are still where we are. All the Asian countries that were in the same bracket have gone further than us economically, they are even manufacturing things and sending to us, we are still where we are, where will we go from here and God so blessed Nigeria that we have every natural resources that you can think of. We are the best of the creator, we have manpower and people who have brain but we cannot utilize what God gave to us. If I say am happy am lying because am really sad about the whole situation that we are still in this position despite all that God gave to us both in human and natural resources. With all we have, we are not supposed to suffer as a country. I don’t know what I will get this year, for some years we have not gotten dividend, we just got out of that mess but see what we are in again, God will forgive Nigeria I think we have sinned to God may God forgive Nigeria.
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