LMC, NASD discuss listing NPFL clubs in second tier exchange
The League Management Company (LMC) and NASD Over the Counter (OTC) Securities Exchange have met in Lagos to explore strategies and means to transform Nigeria Professional Football League (NPFL) clubs’ ownership from governments to community-based and public subscription ownership.
At the meeting, which held at the NASD OTC Corporate headquarters inside the UBA House in Marina, Lagos, were the Chairman of LMC, Shehu Dikko, Head of Special Projects, Mr. Harry Iwuala and the project advisor, Tanko Osamwonyi, and the NASD team, led by the Managing Director and CEO, Mr. Bola Ajomale and the IT/Operations Manager, Gbubemi Iyomere.
In his opening remarks, Dikko said the purpose of the visit was to partner with the Securities Exchange firm and leverage on its network within corporate Nigeria to create awareness for the inherent commercial and social investment opportunities in the football industry.
“In the football league, we can count about 28 sub businesses across associated value chain that can stimulate growth in the economy, drive employment and reduce youth delinquency in the society but we need to harness the potential of our football as a business to open this opportunities”, Dikko posited.
NASD PLC is the promoter of a Trading Network that eases secondary market trading of all securities of unquoted public companies primarily in Nigeria but with a focus to the West African region.