Chartered Institute for Securities and Investments (CISI) has been enjoined to consider the option of establishing a branch in Nigeria as an avenue for the citizens to have global financial information that would bring about national development.
The Commissioner for Finance, Mr. Adewale Oshinowo gave this advice while receiving officials of the Institute on a courtesy visit led by the Director of Global Business Development, Mr. Kelvin Moore in Abeokuta.
He said CISI as an International outfit should extend its operations to the country by partnering with the Securities Exchange Commission and Ministry of Finance to enhance national development and boost Internally Generated Revenue (IGR).
According to Oshinowo, partnering with the group in the area of improving IGR, judicious and effective use of the natural resources that abound in the State for manufacturing companies would boost the economy.
“It’s very pertinent for your Institute to establish a branch here in Nigeria to tap from our wide human and natural resource of us in order to make judicious and effective use of our resources to boost socio-economic development and increase our Internally Generated Revenue (IGR) of the Country at large ” Oshinowo said.
The Commissioner who is also a member of the Institute said Ogun State being at its developmental stage was ready to give necessary support to the Institute in any area that would improve the lot of the people of the State.
Earlier, on behalf of CISI, the Country Representative, Dr. John Osuoha explained that the Institute was ready to partner with Ogun State Government if they could the needful and follow the laid down rules and regulations of the institute.
“We are ready and willing to establish here in Nigeria, especially in Ogun State for its commercial hub and Industrialization, they have the resources and all what it takes to move Nigeria to a greater height” Dr. Osuoha stated.
He added that area of CISI operation involves capacity building, finance management, training and re-training of finance personnel to perform optimally among others.
He said the Institute when established in the State would further open up the State to the world commercial and improve its Internally Generated Revenue (IGR) in the long run.