The Chartered Institute of Stockbrokers (CIS) has promised to collaborate with the Securities and Exchange Commission (SEC) in its current efforts aimed at integrating capital market studies into schools’ curriculum in the country.
The Commission is currently developing a curriculum on capital market studies as part of its financial literacy programme targeted at boosting investment education in Nigeria.
The President of CIS, Mr. Dapo Adekoje, who gave the promise during a meeting between a delegation of the capital market professional body and SEC’s management in Abuja, commended the leadership of the commission on its various initiatives being undertaken to deepen the nation’s capital market.
He explained: “We have visited some schools and realised that most students do not have 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 percentage of participation and also help to deepen the market”.
In her remarks, the Acting Director General of SEC, Ms Mary Uduk, said that the capital market regulatory institution was open to any collaborative efforts that would increase financial literacy among Nigerians.
She clarified: “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.
One of the cardinal objectives of the 10-Year Capital Market Master Plan is that the SEC should inculcate the culture of financial literacy and specifically to introduce capital market studies (CMS) into curriculum at all levels of education, including the running of degree programmes in the course in the tertiary institutions.
