SEC signs agreement on capital market studies

Terver Dominic, Abuja

SEC boss, Mounir Gwarzo

The Securities and Exchange Commission (SEC) is to introduce capital market studies into the school curriculum with the signing of an agreement with the Nigerian Educational Research and Development Council, (NERDC).

This pact was signed over the weekend in the Commission’s head office in Abuja in an effort to revive collaboration between the two organizations.

The Director General of SEC, Mounir Gwarzo said that the Commission had been in the vanguard of inculcating financial literacy for a long time.

Gwarzo expressed enthusiasm that the collaboration would yield the desired results as the Memorandum of Understanding stated the different stages of implementation, adding that the initiative was part of the implementation of the Capital Market Master Plan.

The plan clearly states the need for SEC to inculcate the culture of financial literacy and specifically to introduce Capital Market Studies into the curriculum at all levels of education and encourage the subject as a degree programme in tertiary institutions.

10-year Capital Market Master Plan was developed in 2014.