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SEC tasks students on investment, savings culture

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The Securities and Exchange Commission (SEC) has reinstated its commitment to ensure that students imbibe the culture of savings as well as enlighten them on the gains of  investing in the capital market , even as the Federal Government College, Enugu  emerged the champions for the 3rd National capital market quiz competition for secondary schools, organised by the Commission.

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Speaking at the opening ceremony for the final of the competition, which held recently in Abuja where School for the Gifted, Gwagwalada, FCT and Birabi Memorial Grammar School, Bori, River State emerged first and second runners up respectively, SEC’s Director General Arunma Oteh said the Commission was committed to ensuring that the culture of savings and investments in the capital market is established in the country’s school system.

According to her, the Commission was encouraged by the impact created so far among the students, pointing out that their level of awareness as well as the interest of the adults in the capital market has increased.

Oteh stated that SEC had facilitated the introduction of capital market studies into the curriculum of secondary schools and some universities in the country and promised not to relent in the determination to expand the frontier of capital market knowledge until it is fully entrenched in the educational system.  In addition she noted, the quiz competition has facilitated and improved the reading culture on capital market materials, sensitize and create the zeal for investment in the capital market among the youth and the general public.

The SEC boss who recently bagged a special recognition award for capital market development, recalled that in 2004, the National Council on education (NCE) approved the infusion of capital market studies in six subjects offered in secondary schools to enable more students to be exposed to the study of capital market activities.

“The Commission has resolved to continue to expand the number of tertiary institutions where capital market studies are currently being taught until it is accorded the status of a standard part of the curriculum of Universities and other tertiary institutions, such as Polytechnics and Colleges of Education in Nigeria,” Ms. Oteh said.

No fewer than 2,664 students from 333 secondary schools across all states and Federal Capital Territory participated in the competition from which six schools emerged as zonal champions leading to the grand finale.

The six schools that participated at the grand finale in Abuja included Federal Government College, Enugu,  South_East (defending champions;  Mayflower College, Ikenne, South_West;  Birabi Memorial Grammar School, Bori,  Rivers State, South_South;  School for the Gifted, Gwagwalada, Abuja, North_Central; Federal Government College, Buni Yadi, Yobe State North_East and Federal Government College, Kano, North-West.

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