SEC committed to boosting investor education – Uduk

The Securities and Exchange Commission has said it is committed to educating and enlightening investors in the Nigerian capital market to enhance their ability to make informed investment decisions.

The acting Director General, SEC, Ms Mary Uduk, who stated this at the Planning and Writing Workshop for the development of Capital Market Studies Curriculum for basic and senior secondary schools in Lagos on Monday, described the development of the curriculum as one of such avenues.

Uduk said the commission had been in the vanguard of inculcating financial literacy for quite a long time because it had realised that it was very important for students to imbibe the culture and habit of being financial literate and be familiar with the operations of the capital market.

She said, “This partnership with the Nigerian Educational Research and Development Council to actualise this ground-breaking Capital Market Literacy Programme is part of the Securities and Exchange Commission’s effort at vigorously pursuing the implementation of one of the essential initiatives of the 10-year Nigerian Capital Market Master Plan.”

The SEC boss said the implementation of the programme started with the signing of a Memorandum of Understanding between the commission and the NERDC in 2016 to develop a standalone Capital Market Studies curriculum for infusion into basic and senior secondary schools.

“I am happy to announce that after a successful workshop for content 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 remain confident that with the active support and commitment of our stakeholders, we will complete this project,” she stated.

In his welcome address, the Executive Secretary, NERDC, Prof. Ismail Junaidu, described capital market education as a strategic imperative that requires a comprehensive curriculum run by competent academic and professional personnel.

He said, “The capital market connects the financial sector with the real sector of the economy and in the process, facilitates real sector growth and economic development.”

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