The Securities and Exchange Commission (SEC), on Monday announced a partnership with the Association of Capital Market Academics of Nigeria to develop a curriculum for the Nigerian Capital Market Institute (NCMI).
The curriculum, the commission said, would enable both parties to set the required benchmark for the National Universities Commission (NUC) to accredit capital market studies in tertiary institutions.
The partnership was the highpoint of a meeting between the association, led by its Interim President, Ma and the commission led by the Acting Director-General, Ms. Mary Uduk.
Uduk said the commission would work with the association to improve the standards in the NCMI, adding that the collaboration “is vital to moving the capital market forward.”
Research coming “out of the university must be actionable and should help boost the growth and development of the capital market.”
The partnership to develop curriculum for the NCMI, she continued, is important for the SEC, given its desire for the NCMI, expressing confidence that the partnership will make the commission’s job a lot easier.
While expressing appreciation for the visit, Ms. Uduk promised to work with the group “to leverage your expertise to develop the capital market.”
Responding, Uwaleke said the association was born out a desire is to advance the frontier of capital market research, while promoting knowledge of the capital market in the tertiary institutions.
He said the partnership is in recognition of the SEC’s role as apex regulator of the capital market and the needs for the association to collaborate with the commission to set the standard for programme and studies, convinced that such would help promote growth and development.
Uwaleke said the association would also partner with the commission to create more awareness on the benefits of the capital market in tertiary institutions, urging the commission to leverage on the expertise of the association by allowing it have representation on the Capital Market Committee.
He noted that “the SEC has done a lot in creating capital market curriculum in secondary school, but we feel that the low hanging fruit is in the university because that is where we have more literate people.
“We need to emphasize capital market studies in our universities because of the role it plays in economic development. We will do all we can to expand the frontiers of the capital market.”
Photo Caption: Acting Director General, Securities & Exchange Commission (SEC), Ms. Mary Uduk 2nd right), welcoming members of the Association of Capital Market Academics of Nigeria (ACMAN) led by its President, Prof Uche Uwaleke, to the commission’s headquarters in Abuja on Monday. With them are Dr. Hussaini Mohammed (left), and Head of Accounting, University of Abuja, Dr. Taibat Atoyebi, members of the association on Monday.