Chartered stockbrokers to work with SEC on capital market studies
Adesola Afolabi was a businessamlive reporter and Head of Financial desk.
The Chartered Institute of Stockbrokers (CIS) has pledged to work with the Securities and Exchange Commission (SEC) in its desire to infuse Capital Market Studies (CMS) into the curriculum of schools in the country.
Already, the apex regulator of the Nigerian capital market is developing a curriculum on capital market studies as part of the financial literacy programme, which is geared towards boosting investment education.
Dapo Adekoje, president of CIS, made the pledge during a meeting between CIS and management of SEC in Abuja.
Adekoje commended the SEC on its investor education initiatives and assured that the institute was willing to support any programme that would help deepen the market.
According to him “We have visited some schools and realised that most students do not have an elementary knowledge of the capital market. We believe that if Nigerians are aware early in life of the benefits of investing in the capital market, that will increase the percentage of participation and also help to deepen the market”.
In her remarks, Mary Uduk, acting director general of SEC said the commission is open to any collaborative efforts that would increase financial literacy among Nigerians.
“We are making progress with Nigerian Educational Research and Development Council (NERDC) on the development of the curriculum and we hope the introduction of capital market studies will start from the Secondary schools up to our tertiary institutions,” Uduk said.
The 10-year capital market master plan requires SEC to inculcate the culture of financial literacy and specifically to introduce Capital Market Studies (CMS) into the curriculum at all levels of education and to encourage CMS as a degree programme in the tertiary institutions.