By Peter Egwuatu
The Securities and Exchange Commission (SEC), on Tuesday, launched the first ever Capital Market Club (CMC) in secondary schools in the country, just as the Governor of Sokoto State , Alhahi Aliyu Magatakarda Wamakko was made the grand patron.
Director General of the Commission, Ms.Â Arunma Oteh , who declared open the enlightenmentÂ and unveiling of the CMC in Sokoto StateÂ commended theÂ State government under the leadership of Wamakho forÂ striving to develop the stateÂ through its commitment to education.
According to the SEC boss, â€œCapital market education and capital market as an alternative source of financing developmental projects is necessary for our country. Todayâ€™s event is historic as we are launching Capital Market Clubs in secondary schools as well as flagging up an enlightenment campaign on the use of capital market for long term developmental projects.â€
Continuing, she said, â€œEducation is considered the key bridge to the future. A great percentage of Nigeria â€™s populationÂ are children and the SEC believes that the children are critical change agent in the society with a role to play in the successful implementation of government programmes.
This why it is better to empower them early enough (Catch them young) , the strategy is the establishment of CMC in secondary schools which is aimed at empowering them to acquire capital market skills and knowledge thatÂ would prepare them for the dynamic and ever changing business world.â€
Oteh stressed that the introduction of CMC throughout the federation is another mile stone in the countryâ€™s developmental efforts in the capital market,Â noting â€œ Already SEC is sponsoring capital market studies in some tertiary institutions in Nigeria namely: Ahmadu Bello University, Zaria,Â University ofÂ Nigeria, Nsukka and University of Lagos and many others to follow.â€
The SEC boss further disclosed that the Commission in collaboration with the Federal Ministry of Education has been working on introducing capital market studies in the school curriculum in Nigeria , saying that this has reached an advanced stage.
In his welcome address, Governor of Sokoto, Wamakko commended the Commission for its effort at enlightening the people on the benefits of investing in capital market.