The Securities and Exchange Commission (SEC) on Thursday stated that it had commenced the development of teachers’ guides on Capital Market Studies (CMS) as part of the initiatives being taken to introduce the studies into the curriculum of schools nationwide.
The Acting Director General of the commission, Ms Mary Uduk, gave this hint in her welcome address at the Third Quarter Capital Market Committee Meeting held in Lagos.
She explained: “In terms of our investor education efforts, you are aware of the initiative towards including Capital Market Studies into curricula of Basic and Senior Secondary Schools. Having infused the capital market content into this curriculum, the next phase of our work is to develop Teachers’ Guides. We have equally constituted a steering committee for the Universities’ curriculum.
“Taking our investor enlightenment drive further, we hosted over 250 personnel of the military, para-military and security agencies in August. The programme was a first of its kind with the participants anxious for more exposure to the capital market. A similar engagement was held in Lagos in October, with equal success recorded”, Uduk added.
In his remarks during the meeting, the Chairman of the SEC Board, Mr. Olufemi Lijadu, said capital markets remained important in the development of any country, adding that at this period of low oil prices, Nigeria could leverage the capital market to raise more funds to finance her developmental projects.
He clarified: “What we do here at this CMC meeting has far greater implications for the economy. We hope and trust that this will be the beginning of good partnership between the SEC board and the market as we both have a common objective of developing a first class capital market.
“We hope to build a capital market where there is transparency, fairness, liquidity, compliance among others. A lot of tue knowledge and research capability you have as stakeholders will be of immense assistance to us as we pursue these laudable goals to make our market a world class capital market”, Lijadu added.