News

SEC partners NERDC to promote investment in education

 

The Securities and Exchange Commission (SEC) has harped on the need for enhanced investment in education and enlightenment to boost the participation of retail investors in the Nigerian capital market.

Acting Director-General, SEC, Ms Mary Uduk, stated this during the planning and writing workshop for the development of Capital Market Studies Curriculum (CMSC) for Basic and Senior Secondary Schools in Lagos.

The planning and writing workshop for the development of Capital Market Studies Curriculum was in partnership with the Nigerian Educational Research and Development Council (NERDC).

Uduk, noted that the development of the curriculum would enable Nigerians, especially the youth, to make formed investment decisions.

She said SEC had been in the vanguard of inculcating financial literacy and had realised that it was very important for students to be familiar with the operations of the capital market.

Uduk said the capital market literacy programme was part of the commission’s effort at vigorously pursuing the implementation of one of the essential initiatives of the 10-year Nigerian Capital Market Master Plan.

She alluded that the implementation programme commenced with the signing of a Memorandum of Understanding between SEC and the NERDC in 2016.

According to her, the major aim was to develop a Stand-alone Capital Market Studies Curriculum (CMSC) for infusion into Basic and Senior Secondary Schools.

“I am happy to announce that after a successful workshop for contents selection, the stage is now set for the planning and writing of the standalone curriculum.

“The commission recognises the efforts required for other stages of the programme and remains confident that with the active support and commitment of our stakeholders, we will complete this project,” she assured.

Executive Secretary, NERDC, Prof. Ismail Junaidu, in his remarks said the capital market connected the financial sector with the real sector of the economy and in the process, facilitated real sector growth and economic development.

According to Junaidu, it increases the proportion of long-term savings that are channeled to long term investments.

He said the capital market had been described as the major vehicle for mobilising long-term funds for investment purposes.

“A nation’s growth is expected to promote an efficient and effective financial sector that pools domestic savings and mobilises capital for productive purposes.

“An economy that is not growing can hinder stock market development, and engender such problems as low capitalization.

“This limits the savings function of the stock market; and illiquidity of the market which is a disincentive to investment,” Junaidu said.

He described capital market education as a strategic imperative which requires a comprehensive curriculum run by competent academic and professional personnel.

Junaidu noted that early involvement of the youth in capital market studies was perhaps the antidote to over-dependence on paid employments.

He said this was one of the reasons why SEC approached NERDC to mainstream capital market issues into the national curriculum.

The Head of Banking and Finance Department, Nasarawa State University Keffi, Prof. Uche Uwaleke, who also spoke at the event, said investors’ level of awareness of the capital market was very low.

He commended SEC for the initiative, noting that it would go a long way in boosting investors’ knowledge of the market.

Uwaleke urged the commission to move beyond secondary schools and get professional bodies such as ICAN to inculcate capital market issues in their curriculum.

Uwaleke said the shallow local investor base makes the nation’s purse to bleed anytime foreign investors pull out their funds from the market.

Uwaleke said Nigeria needed to grow retail and institutional investors’ base like Malaysia and Indonesia to withstand foreign outflow shocks.

Comment With Facebook

Comments (191)

  1. Aw, this was a really good post. Finding the time and actual effort to produce a superb article… but what can I say… I hesitate a lot and never seem to get anything done.|

  2. Great delivery. Great arguments. Keep up the great spirit.|

  3. Great info. Lucky me I came across your blog by chance (stumbleupon). I have saved it for later!|

  4. Hi, Neat post. There is a problem with your site in web explorer, could check this? IE nonetheless is the marketplace chief and a large element of people will miss your excellent writing due to this problem.|

  5. We stumbled over here different web page and thought I might as well check things out. I like what I see so now i am following you. Look forward to looking over your web page again.|

  6. The author is known by the url of Violeta but she never really liked that name. My friends say it’s not good for me personally but what i love doing is to jog and I’ll be starting something else along this particular. For years he’s been currently in Vermont. I am currently a cashier and it is something I revel in. You can find my website here: #link#

  7. Hello to every body, it’s my first go to see of this weblog; this webpage includes amazing and really good data in favor of readers.|

  8. I’m Rhett Crew. As a man what I love is to model trains and I’ll be starting something else along cuts down on the. Her family lives in North Carolina. Administering databases is the place she makes money but she intentions of changing the product. I am running and also a blog here: #link#

  9. Simply wish to say your article is as surprising. The clearness in your post is simply excellent and i could assume you’re an expert on this subject. Fine with your permission allow me to grab your feed to keep up to date with forthcoming post. Thanks a million and please carry on the gratifying work.|

  10. The name of the writer is Rhett Shattuck but he never really liked that nickname. Supervising is generate an income support my children and Dislike think I’ll change it anytime in the. To play curling is something Let me never quit. Years ago he moved to Puerto Rico but he must be move as a his children. You might still find her website here: #link#

  11. Nice post. I learn something totally new and challenging on sites I stumbleupon everyday. It will always be interesting to read articles from other authors and practice a little something from other websites. |

  12. Hi there, I am Rayna Ary. Supervising has been my day piece of work for a while and I am think I’ll change it anytime soon. One of her favorite hobbies end up being camp but she can’t make it her line of business. Some time ago I decide to live in Puerto Rico. I’ve been working on my website for a few years now. Take a look here: #link#

  13. Hi for you. My name is Magali. Administering databases is the place where I make a living but I plan on changing so it. For years I’ve been dealing with California. My friends say it isn’t good for me personally but the things i love doing is liposuction costs comics on the other hand struggle come across time for it. He’s been working on his website for enough time now. Try it for yourself here: #link#

  14. Definitely imagine that that you said. Your favorite reason appeared to be on the web the easiest thing to consider of. I say to you, I certainly get irked at the same time as folks think about issues that they plainly do not recognise about. You managed to hit the nail upon the top and outlined out the whole thing with no need side-effects , people could take a signal. Will probably be back to get more. Thank you|

  15. hello!,I love your writing very so much! share we keep in touch more about your post on AOL? I need an expert on this house to resolve my problem. May be that’s you! Taking a look forward to see you. |

  16. Having read this I thought it was rather informative. I appreciate you finding the time and effort to put this content together. I once again find myself personally spending a significant amount of time both reading and posting comments. But so what, it was still worthwhile!|

  17. Nice to you, I’m Thomas Shattuck. His wife and him chose to reside Vermont and she will never move. Credit authorising is how she makes money but she plans on changing the situation. Climbing is what I do every networking. I am running and maintaining a blog here: #link#

  18. Heya just wanted to give you a quick heads up and let you know a few of the images aren’t loading correctly. I’m not sure why but I think its a linking issue. I’ve tried it in two different browsers and both show the same outcome.|

  19. It’s in reality a nice and helpful piece of info. I’m happy that you simply shared this useful info with us. Please keep us informed like this. Thanks for sharing.|

  20. Hi there. My name is Magali. Administering databases is the place where I earn their living but I plan on changing information technology. For years I’ve been moving into California. My friends say it’s not good for me personally but things i love doing is liposuction costs comics but i struggle in order to time for it. He’s been working on his website for it slow now. Investigate it here: #link#

  21. Pretty nice post. I just stumbled upon your blog and wanted to say that I’ve truly enjoyed browsing your blog posts. In any case I will be subscribing to your feed and I hope you write again very soon!|

  22. Nice to meet you, I’m Lance Dorr and I totally love this name. Vermont is where my house is and mother and father live close. It’s not perhaps the most common thing but what he likes doing is baking but he’s thinking on starting something new. She works as a messenger. If you want to find out more check out his website: #link#

  23. We are a group of volunteers and opening a new scheme in our community. Your site provided us with valuable information to work on. You’ve done a formidable job and our entire community will be grateful to you.|

  24. This info is invaluable. When can I find out more?|

  25. Thank you for some other informative website. The place else could I am getting that type of information written in such a perfect approach? I’ve a project that I am simply now working on, and I have been at the look out for such information.|

  26. Hi, Neat post. There’s a problem together with your website in internet explorer, would check this? IE nonetheless is the market chief and a large portion of other people will pass over your wonderful writing because of this problem.|

  27. Great beat ! I would like to apprentice whilst you amend your web site, how could i subscribe for a weblog website? The account aided me a acceptable deal. I have been tiny bit acquainted of this your broadcast offered vibrant clear concept

  28. Thanks for ones marvelous posting! I truly enjoyed reading it, you could be a great author. I will be sure to bookmark your blog and will come back later in life. I want to encourage you continue your great posts, have a nice evening!|

  29. Excellent post. I will be experiencing a few of these issues as well..|

  30. The author is known by the Magali Ary. Administering databases is how I make moolah. To camp is something that he’s been doing for yrs. For years I’ve been living in N . c . and mom and dad live localised. She’s not good at design an individual might wish to check her website: #link#

  31. Somebody necessarily lend a hand to make severely articles I’d state. That is the very first time I frequented your website page and up to now? I amazed with the analysis you made to make this actual post extraordinary. Fantastic activity!|

  32. The author is known by the name of Thad anf the totally digs that identity. Administering databases has been his day job for a spell. California is where he’s always lived. I am really fond of climbing and I’ll be starting something else along in addition to it. You can always find her website here: #link#

  33. You’ve made some good points there. I checked on the web to find out more about the issue and found most individuals will go along with your views on this website.|

  34. This is my first time pay a visit at here and i am genuinely pleassant to read all at alone place.|

  35. It is appropriate time to make some plans for the future and it is time to be happy. I’ve read this post and if I could I want to suggest you some interesting things or suggestions. Maybe you can write next articles referring to this article. I desire to read more things about it!|

  36. My brother recommended I might like this web site. He was totally right. This post truly made my day. You can not imagine simply how much time I had spent for this information! Thanks!|

  37. I’ve been browsing online more than 2 hours today, yet I never found any interesting article like yours. It is pretty worth enough for me. In my view, if all webmasters and bloggers made good content as you did, the internet will be a lot more useful than ever before.|

  38. Basil Gonzales is common history people use to phone him and he totally digs that user name. I am really fond of to jog and I’ll be starting another thing along together with. Data processing has been my profession for a period of time. My family lives in Puerto Rico and my parents live lieu. See what’s new smaller website here: #link#

  39. I quite like reading through a post that will make men and women think. Also, many thanks for allowing for me to comment!

Comment here

This site uses Akismet to reduce spam. Learn how your comment data is processed.