Capital market studies to take off in schools year end- SEC
Adesola Afolabi was a businessamlive reporter and Head of Financial desk.
The introduction of capital market studies to Secondary school pupils is expected to kick off by year end 2019, the Securities and Exchange Commission has revealed.
The SEC disclosed this to financial journalists following the capital market committee meeting held in Lagos weekend.
According to Henry Rowlands, the SEC’s acting executive commissioner corporate services, a stand alone curriculum for the introduction of capital market studies in secondary schools had been developed as at the last CMC meeting held in the first quarter of the year and by year end the capital market studies will begin.
In furtherance of the development of the standalone curriculum, Rowlands noted that there is a need to infuse the curriculum into a certain number of subjects that are studies in the schools.
“The next phase is to now infuse the curriculum into a number of subjects taken in the schools, which include mathematics, accounting, business studies… about 6- 10 subjects.” he said.
He added that the next action is the development of the teacher’s guide, which the SEC is driving satisfactorily.
Detailing other resolutions made at the Q2 CMC meeting, Mary Uduk, the SEC’s acting DG stated that the SEC is looking towards engaging the Central Bank of Nigeria in including e-dividend mandate charges in the guidelines for bank charges.
According to her, the agreement between the apex regulators, will regularise complaints often raised by bank customers charged with carrying out investment transactions but do not understand what the e-DMMs charges are. The SEC had until 31st March 2018 paid the charges investors required to mandate their accounts.
Uduk also disclosed that with the inauguration of the commission’s new board, the SEC’s financial accounts have all been signed and will be released via its official website this week.
On the Financial Market Dealer’s Quotation new status as a full-fledged exchange, Uduk expressed delight on the development. She stated that it shows the Nigerian financial clime is growing.
“This implies competition and it is good for any environment, it will help strengthen the market, give people choice, it will bring down cost and improve efficiency,” she added.