Securities and Exchange Commission, SEC, apex regulator of the Nigerian capital market, has launched a financial literacy and investor education drive targeted specifically at Nigerian workers.
The campaign effort, which is christened “SEC Investor Education Partnership with Labour,” intends to enhance personal financial planning skills among Nigerian workers and to instill a culture of saving and investing in the important segment of Nigeria’s citizenry that is the work force.
A statement from the SEC said the labour, focused investor education campaign derives from the market development mandate entrusted to the SEC by its enabling law, the ISA 2007.
This mandate has been reinforced by the 10-Year Capital Market Master Plan which the SEC is currently leading the Nigerian capital market industry to implement and by the flagship role assigned to Nigeria in the strategic blueprint of IOSCO, the global umbrella for securities market regulation, as the Africa and Middle East regional hub for education, training and research for the securities market.
Through the “Investor Education Partnership with Labour” the SEC is sharing actionable information and building skills on “Personal Financial Planning”, “Investment Opportunities in the Nigerian Capital Market” and “The Investor Protection Role of the SEC” with members of organized labour as represented by the 26 affiliate unions of the Nigerian Labour Congress, NLC, as well as the Trade Union Congress, TUC, Nigeria’s two labour centres.
According to Obi Adindu, Head, Market Development Department at the SEC, “The strategic objective of the SEC is to stimulate a pool of investible resources derived from the savings culture of Nigerian workers which may then be channelled to the Nigerian capital market since the most successful capital markets are autocentric and dependent on the participation and patronage of their country’s nationals. The ultimate goal of the SEC is to build a solid partnership between the Nigerian worker and the capital market in which the latter will constitute an avenue for channelling the former’s savings and investment leading to wealth creation while the capital market will, in turn, gain resilience, depth and robustness on account of participation in it by the Nigerian worker.”
The “SEC Investor Education Partnership with Labour” has already been activated in relation to the Amalgamated Union of Public Corporations, Civil Service Technical and Recreational Services Employees” (AUPCTRE) with a capital market industry task team led by the SEC and including industry experts from FBN Capital addressing a national event of the union which took place in Akure, Ondo State.
The same task team has taken the message on Personal Financial Planning, Saving and Investment to an organ meeting of national officers of the National Union of Postal and Telecommunication Employees, NUPTE, which took place at Abuja’s Agura Hotels yesterday.
To ensure blanket coverage of the entire Nigerian society, the SEC operates similar investor education partnerships strategically targeted at other vital strands of the Nigerian population viz: “Partnership with the Security Community”, “Partnership with the School System” and “Partnership with Market and Artisan Associations”.

READ ALSO  Lagos govt begins enforcement of anti-street trading law

Ad:See How you can turn $500 into $10,000 Click HERE For Details.