There are indications that the proposed stand-alone curriculum on Capital Market Studies (CMS), will soon be infused into carrier subjects in Basic and Secondary Schools in Nigeria.
This indication was given by the Head of the Financial Literacy Technical Committee (FLTC) of the capital market, Mrs. Oluwatoyin Sanni during an advocacy visit to the Chairman, Federal Inland Revenue Service (FIRS), Mr. Tunde Fowler, on Tuesday in Abuja.
According to Sanni, “The Committee has worked tirelessly with the National Economic Research and Development Council, NERDC to develop this curriculum. It is now ready and waiting to be infused into the various carrier subjects in upcoming workshops by the Council. We see this as a great step in our financial literacy work.
Sanni also commended the FIRS boss on his initiatives in enlightening students on the benefits of taxation adding that when young people are comfortable with taxation at an early stage, it makes compliance as adults easier.
She restated the commitment of the Committee and the SEC to further educate and enlighten investors in the Nigerian capital market to enhance their ability to make informed investment decisions.
According to her, “This partnership with the Nigerian Educational Research and Development Council (NERDC), to actualize this ground breaking Capital Market literacy programme, is part of the Capital Market Committee’s effort at vigorously pursuing the implementation of one of the essential initiatives of the 10-year Nigerian Capital Market Master Plan and we are delighted it is coming into fruition soon”.
“We have been in the vanguard of inculcating financial literacy for quite a long time because stakeholders in the capital market realized that it is very important for students to imbibe the culture and habit of being financial literate and to be familiar with the operations of the capital market. We seek to promote the growth of the capital market which remains an essential pillar in the development of the economy.
She said the Committee promotes financial literacy from school age people to business people adding that when people are more financially literate they will be more economic viable and tax revenues will improve.
