The Securities and Exchange Commission (SEC), in collaboration with the Financial Literacy Technical Committee (FLTC), is set to join the rest of the world to celebrate the 6th edition of the 2022 World Investor Week (WIW).
The event scheduled to commence on Monday, is being
coordinated by the International Organisation of Securities Commissions
(IOSCO).
The key message of the IOSCO WIW campaign for this year is
based on two themes; “Investor Resilience, and Sustainable Finance”.
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.
Some of the activities slated for the event include
interaction with the public on topics regarding investor education, rights and
protection that are considered critical to retail investors nationwide.
In particular, webinars titled “The Non-Interest Capital
Market as Panacea to Mortgage Financing in Nigeria” and “Investor Resilience
and Sustainable Finance” will be hosted on the 26 and 27 October, 2022
respectively.
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 Commission said, “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”.
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