SEC To Partner Grassroots Groups on Financial Literacy

The Securities and Exchange Commission (SEC) says it would partner various grassroots groups in its financial literacy campaign in its bid to effectively sensitise the country’s rural dweller on the benefits of investing in the capital market.
Speaking at a meeting with executive members of the National Youths Initiative for Peace and Governance (NYIPG) who visited the Commission’s Abuja head office, Acting Director General of SEC, Ms Mary Uduk, expressed the desire of the commission to tap into the organisation’s already existing structures to sensitise the grassroots on financial literacy.
Represented by Ag. Executive Commissioner Corporate Services of SEC, Henry Rowlands, Uduk expressed delight “at the various sensitisation you have carried out to enlighten the people in your region on the need to engage in meaningful vocations. When someone is fully engaged, he will work for the peace of the country as he would not want any activity that would destroy his business.
“The SEC as part of its market development mandate would like to partner with you to educate the people on the best ways to invest this money they are making from their businesses.
“As a regulator, we need peace to function properly and we are willing to support any initiative that will promote peace in our country, the Acting DG stressed, recalling that the Commission has been in the vanguard of inculcating financial literacy for quite a long time.
This, she continued, is because SEC realised the importance of ensuring Nigerians imbibe the culture of being financially literate and familiar with the operations of the capital market.
Uduk disclosed that already, the Commission is involved in various campaigns that take its staff to schools, rural areas among others all in a bid to ensure that Nigerians are aware of the benefits of investing in the capital market.
“We have school children come to our office on excursion visits where we educate them on various themes like saving culture, investment opportunities in the Market among others and are also infusing Capital Market Studies (CMS) into schools’ curriculum. We have already signed the Memorandum of Understanding (MoU) with the Nigerian Educational Research and Development Council (NERDC).”
She therefore commended the organisation’s efforts at promoting peace and good governance adding that it is only in an atmosphere of peace that the capital market can function effectively.
Speaking earlier, Vice President of the organisation, Abdulmalik Alfo, commended the SEC on its various initiatives as contained in the 10 year capital market master plan and pledged the readiness of his association to collaborate with the Commission in any area necessary.