The Securities and Exchange Commission (SEC) has said that issues of investors’ resilience and sustainable finance will be its focus as it marks the World Investors Week.
The event, which will be a collaboration with the Financial Literacy Technical Committee (FLTC), is scheduled to be held this week.
The IOSCO WIW is an annual week-long global campaign which aims at promoting investor education and protection, as well as strengthening collaborations among member jurisdictions. The Commission, being a member representing Nigeria in the organisation, has lined up series of activities to commemorate this year’s event.
Speaking on the event, Director General of the SEC, Mr. Lamido Yuguda stated that the SEC and other players in the capital market have, over time, frequently sought to enhance the level and quality of financial literacy in Nigeria.
He said, “Major among the recent initiatives is the on- going plan to introduce capital market studies in Primary, Secondary and Tertiary Institutions, a project which has reached an advance stage. It is without doubt that the delivery of this project will change the face of financial literacy in Nigeria”.
“Indeed, for this sixth edition of the WIW, stakeholders nationwide are urged to collaborate with the Commission, and in their own different ways create the awareness on the need to educate and protect the investor”.
Also Speaking on the event, Mr. Ashley Alder, Chair of the IOSCO Board and the Chief Executive Officer of the Hong Kong Securities and Futures Commissionsaid, “During the last two years, we have seen a growing number of retail investors participating in securities markets, in the context of the global pandemic. Those investors are facing new challenges, such as inflationary pressures and the uncertainties deriving from geopolitical tensions. Financial education and investor protection play a critical role in enhancing investor resilience and investor confidence to participate in financial market on a properly informed basis”.
