The Securities and Exchange Commission (SEC) at the weekend in Abuja achieved another milestone in line with its 10-year Capital Market Master Plan (CMMP) when it signed a Memorandum of Understanding (MoU) with the Nigerian Educational Research and Development Council (NERDC) to infuse capital market studies (CMS) into schools curricula at all levels of education.
Weekend’s signing, an essential element of the plan unveiled by the commission in 2014, is in a bid to revive the collaboration between both organisations which dates back to 2003.
A previous effort by both institutions in 2007 “to develop and infuse CMS into six identified subjects did not see the light of the day,” the commission noted in a statement on Sunday evening.
The previous attempt, the statement recalled, was truncated primarily by the absence of a working instrument to guide implementation of the initiative.
The statement quoted the Director General of SEC, Mounir Gwarzo as saying that the Commission has been in the fore-front of promoting financial literacy, having realised the need for students to imbibe the culture.
Gwarzo expressed enthusiasm that the collaboration will yield desired results as the MoU identified the different stages of implementation. The initiative, he noted, is part of the implementation of the master plan.
He expressed belief that the MoU will enhance the partnership between both parties for effective implementation of the initiative and ensure that students become familiar with the operations of the capital market.