The Securities and Exchange Commission (SEC) and the National Pensions Commission (PenCom), have pledged to work together to ensure more Nigerians are brought into the financial literacy net.
\nThe Head, Market Development Department of the SEC, Mr Edward Okolo disclosed this in a statement signed by SEC\u2019s Head of Media, Mrs Efe Ebelo yesterday in Abuja.
\nOkolo said the resolution was made when he led SEC\u2019s Technical Committee on Financial Literacy on a visit to PenCom office in Abuja.
\nHe said the aim of the visit was to further strengthen collaboration between the committee and PenCom in a bid to improve financial literacy among Nigerians.
\nOkolo said the Committee was presently in partnership with FMDQ Securities Exchange on the training of students on their platform to increase their interest in Capital Market Issues.
\n\u201cWe would like to have an open window to collaborate with you, where we could get ideas from you.
\n\u201cWe should try to collaborate more with the investors and give them avenues for value optimisation,\u201d Okolo said.
\nAlso speaking, a member of the Committee, Omagbitse Barrow expressed the need for collaboration with relevant agencies to foster a multi-directional approach to what the Financial Literacy Committee does.
\n\u201cWe believe that when more members of the public are financially literate, they will make better financial decisions and deepen their participation in the market.
\n\u201cWe have to work at financial literacy from the foundation, how to get people to manage their resources better before we can move on to investing in the capital market.
\n\u201cThe more people who are selling their products are interested in financial literacy, the more products they will sell.
\n\u201cLet\u2019s broaden financial literacy approach so that the public will get value from the financial system as financial literacy is about the people, the investors and ordinary Nigerians,\u2019\u2019 Barrow said.
\nAlso speaking, Dr Farouk Aminu, Head of Investment Supervision Division, PenCom, disclosed that the Commission had commenced courses in some universities on pension issues.
\nAminu expressed the need for more synergy among regulators in promoting financial health of Nigerians.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Securities and Exchange Commission (SEC) and the National Pensions Commission (PenCom), have pledged to work together to ensure more Nigerians are brought into the financial literacy net. The Head, Market Development Department of the SEC, Mr Edward Okolo disclosed this in a statement signed by SEC\u2019s Head of Media, Mrs Efe Ebelo yesterday in […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-200593","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=\/wp\/v2\/posts\/200593","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=200593"}],"version-history":[{"count":0,"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=\/wp\/v2\/posts\/200593\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=200593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=200593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=200593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}