Lagos State Governor, Mr Babajide Sanwo-Olu, has commended the administration of Mr Oluropo Dada, the 13th President of the Chartered Institute of Stockbrokers CIS) in Nigeria.
Sanwo-Olu said on Tuesday that Dada’s administration had strengthened professionalism and institutional growth in CIS.
NAN reports that the governor made the remarks at his induction as an Associate Member of the CIS.
The event held at Lagos House, Marina, Lagos.
He described Dada’s administration as transformative and worthy of emulation within Nigeria’s capital market ecosystem.
“I respectfully thank, honour and commend Mr Oluropo Dada for his transformative leadership,” he said.
The governor also acknowledged the contributions of past presidents and principal officers of the institute.
He said that the collective efforts of the leaders had sustained the institute’s legacy of excellence and integrity over the years.
“Let me acknowledge all past presidents and principal officers whose stewardship has, at different times, shaped this great institute into what it is today,” he said.
Highlighting the institute’s statutory role, Sanwo-Olu said that since its establishment under Act 105 of 1992, it had remained the only body empowered to train, certify and regulate practitioners in Nigeria’s capital market.
“To be admitted into this community is to accept the responsibility of upholding market integrity, protecting investors, and deepening participation in the nation’s economy,” he said.
The governor expressed appreciation for his induction, describing it as both a privilege and a responsibility he would carry with honour and dignity.
“I am truly humbled to be inducted today.
Sanwo-Olu linked the institute’s mandate to ongoing economic reforms in Lagos State, saying that the state government policies had been aligned to support an investment-ready environment and strengthen ease of doing business.
“Our administration has deliberately aligned public policy with the imperatives of a modern, investment-ready economy, moving Lagos to the number one position in ease of doing business,” he said.
He also highlighted initiatives aimed at positioning Lagos as a global financial hub, including the Lagos International Financial Centre project and innovations in bond issuance.
“We have consistently raised the bar in bond issuance, pioneered green bonds and are exploring new instruments such as blue bonds and securitisation to unlock market potential,” he said.
Reaffirming his commitment to professional ethics, the governor, a former banker, stressed the importance of integrity in financial dealings.
“When we say our word is our bond, we truly mean it.
“Commitment and discipline remain the cornerstone of sustainable financial systems,” he said.
He urged the institute to continue promoting innovation, expanding market participation, and maintaining high ethical standards in the capital market.
“I charge the institute to continue to lead with integrity, embrace innovation, and broaden participation across all segments of society,” he said.
Sanwo-Olu described his induction as a symbol of partnership between the Lagos State Government and the capital market community, calling for stronger collaboration in driving economic growth.
“This honour represents partnership and a call to greater shared responsibility in building a resilient and inclusive financial system,” he added.
