LAGOS: Mr. Demola Aladekomo, the President of the Nigeria Computer Society (NCS) flagship of all Information and Communications Technology (ICT) professionals and organizations in the country said in a recent courtesy visit to the Nigerian Stock Exchange (NSE) that listing of shares of ICT companies would aid NSE's quest in reforming the capital market and accelerating Nigeria's economic development. They challenged the NSE on incentives that would make it easy for ICT companies to access capital in the nation's bourse. He said the decision to list in the NSE is to ensure continuous funding for development of the sector. He described companies such as the Main One Cable Company, System Specs Limited, Computer Warehouse Group, Interswitch as well as Zinox Computers, as viable candidates for listing on the exchange. “Based on the contributions of these five companies to the ICT sector, we recommend them as good candidates for NSE.” The Chief Executive Officer of the NSE, Mr. Oscar Onyema however noted that the major impediment to growth in the nation was not corruption, but funding. He said the xchange had been speaking with companies about listing. “ICT is one of the key sectors that we are targeting. The interest in ICT, however, is not just telecoms but technology. Since ICT at present, contributes five per cent to the Gross Domestic Product and 0.7 per cent of market capitalization, there is immense opportunity for growth,” he said. BM ShortURL: http://goo.gl/xE0t4 Tags: Exchange, Nigeria, Stock Section: Africa, Business, Latest News, Tech
