The Securities and Exchange Commission, SEC, is set to achieve another milestone by infusing Capital Market Studies (CMS) into schools’ curriculum with the signing of a Memorandum of Understanding (MoU) with the Nigerian Educational Research and Development Council (NERDC).
This was done, weekend, at the Commission’s head office in Abuja, in an effort to revive the collaboration between both organisations.
Speaking during the event, the Director General of SEC, Mounir Gwarzo, said the Commission had been in the vanguard of inculcating financial literacy for quite a long time because SEC had realised that it was very important for students to imbibe the culture and habit of being financially literate and be familiar with the operations of the capital market.
Gwarzo expressed enthusiasm that the collaboration would yield desired results as the MoU stated the different stages of implementation, adding that the initiative was part of the implementation of the Capital Market MasterPlan.
He expressed the belief that the MoU will galvanise the collaboration between the two parties for an effective implementation of the initiative.
The CMPP clearly states the need for the SEC to inculcate the culture of financial literacy and specifically to introduce Capital Market Studies into curriculum at all levels of education and to encourage CMS as a degree programme in tertiary institutions.
In 2014, SEC developed a 10-year Capital Market Master Plan (CMMP) and one of the essential elements of the plan is the introduction of Capital Market Studies into schools curricula at all levels of education.