Haruna Jalo-Waziri, Chief Executive Officer, Central Securities Clearing System Plc (CSCS) said the Nigeria’s Central Securities Depository (CSD) is super-excited at the prospects of this New Year 2021.
In this New Year and beyond, CSCS has pledged to meet clients anticipated needs and exceed their expectations.
“Our dedication is a reinforcement of the value we place on YOU, as your infrastructure for the Nigerian Capital Market. You are at the core of our essence, and more than ever, I am confident in the insuperable prowess of our collective resources and capabilities in surmounting any impediments to achieving our respective and mutual goals”, Jalo-Waziri further noted in his newsletter to market stakeholders and investors.
Notwithstanding concerns of the second wave of the COVID-19 infection, the CEO of CSCS remains optimistic that the pandemic shall pass in no distant time, “and we will once again reopen our physical operations and hobnob with you, in expectation of sharing great memories.”
According to him, CSCS will continue to bank on the patronage of its stakeholders and “a renewed commitment to the collaboration that has brought CSCS this far – a partnership of over two decades that has birthed mutual greatness and respect for our market and respective businesses; a life partnership that is so dear to our existence and which we will continue to jealously nurture and invest in.”
While thanking stakeholders in the market for their continued patronage of CSCS’ services through the challenging year that past – 2020, the CEO said “we have done what would have seemed impossible.”
“As we have pooled resources to effectively navigate the odds of one of the most challenging times in history, I would like to seek your continued collaboration in consolidating on our gains and advancing our mutual course of deepening the Nigerian Capital Market, through innovation, and more importantly, Togetherness”, he stated.
“Beyond sustaining (and indeed increasing) market activity, we executed the regulatory directive on Investor Account Update, partly integrated our technologies with the Account Opening Portal, leveraged RegConnect for enhanced data exchange for Registrars’ services, and a host of other initiatives we jointly executed for the ultimate goal of developing and deepening the market”, Jalo-Waziri stated further.
“What a year! A year like no other – 2020 was definitively historic and unprecedented. It defied science, challenged rationality, and confronted social norms. COVID-19 shook the world powers, tipped many economies – including our dear Nigeria – into the worst recession in decades, shattered social engagements and affected every facet of life as we knew it.
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“Like a mystery, only to be told in a fiction, oil traded at negative prices, factories shut globally for weeks, and airlines grounded for months. Excitingly, the Nigerian Capital Market, like a few global peers, remained active through the crisis; many thanks to the concerted efforts and resilience of critical stakeholders, whose swift ingenuity and collaboration kept the market afloat, sailing through the tide with incredible captains – like YOU”, he stated.
“For us at CSCS, just as I believe with many peers, we cannot afford the lessons of this crisis to go to waste. If none other, one pertinent lesson COVID-19 has taught us is the significance of our Togetherness – the unimaginable strength of our collective resources and sincere collaboration for the stability and growth of the Nigerian Capital Market.
“If COVID-19 is a living enemy, I am sure it has suffered defeat in the most shameful battle with Nigerian Capital Market, as the seamless operation of the market amidst the odds of the pandemic won great admiration, even from critics. As your market infrastructure, we are proud to be a part of this SUCCESS and we do not take it for granted. In fact, we owe and dedicate it to YOU”, the CEO further stated.
