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Financial Institution: Nigeria Does Not Have Sufficient Safety Net

Pascal Dozie feels that in a classic economy, the operation of market economy is clinical in the sense that, if one failed then you have … Continue reading Financial Institution: Nigeria Does Not Have Sufficient Safety Net


Pascal Dozie feels that in a classic economy, the operation of market economy is clinical in the sense that, if one failed then you have failed and if otherwise it remains so.

He explained further that in an economy like that of Nigeria, a lot more is involved as Nigeria does not have what he termed as ‘Sufficient Safety net ‘in the country.

Pascal went to give a tip that it was bank stocks that made the stock exchange go vibrant those days in Nigeria as every Nigerian, illiterate or educated invested in the stock exchange as they follow the trend of market prices to know what to invest in.