By Chinwendu Obienyi

 

The Securities and Exchange Commission (SEC) has revealed that the on-going plan to introduce capital market studies in primary, secondary and tertiary institutions, has reached an advance stage.

Its Director-General, Lamido Yuguda, revealed this in a statement while announcing SEC’s collaboration with the Financial Literacy Technical Committee (FLTC), is set to join the rest of the world between Monday, 24 and Friday, 28 October, 2022, to celebrate the 6th edition of the 2022 World Investor Week (WIW), being coordinated by the International Organisation of Securities Commissions (IOSCO). 

The key message of the IOSCO WIW campaign for this year is based on two themes; “Investor Resilience; and Sustainable Finance”. 

Speaking at the event, Yuguda stated that the SEC and other players in the capital market have, over time, frequently sought to enhance the level and quality of financial literacy in Nigeria. 

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He said, “Major among the recent initiatives is the on- going plan to introduce capital market studies in Primary, Secondary and Tertiary Institutions, a project which has reached an advanced stage. It is without doubt that the delivery of this project will change the face of financial literacy in Nigeria.

Indeed, for this 6th edition of the WIW, stakeholders nationwide are urged to collaborate with the Commission, and in their own different ways create awareness on the need to educate and protect the investors”.

Also speaking, Chairperson of the IOSCO Board and the Chief Executive Officer of the Hong Kong Securities and Futures Commission, Ashley Alder, noted that during the last two years, there have been a growing number of retail investors participating in securities markets, in the context of the global pandemic.

“Those investors are facing new challenges, such as inflationary pressures and the uncertainties deriving from geopolitical tensions. Financial education and investor protection play a critical role in enhancing investor resilience and investor confidence to participate in the financial market on a properly informed basis”, Alder said.

The IOSCO WIW is an annual week-long global campaign which aims at promoting investor education and protection, as well as strengthening collaborations among member jurisdictions. The Commission, being a member representing Nigeria in the organisation, has lined up a series of activities to commemorate this year’s event.