The Financial Literacy Technical Committee of the Securities and Exchange Commission has said the proposed stand-alone curriculum on capital market studies is ready and will soon be infused into carrier subjects in basic and secondary schools in the country. The Chairperson, FLTC, Mrs Oluwatoyin Sanni, disclosed this during an advocacy visit to the Chairman of the Federal Inland Revenue Service, Mr Babatunde Fowler, in Abuja on Tuesday, 7th of May 2019.
According to Sanni, the committee has worked tirelessly with the National Economic Research and Development Council to develop the curriculum. She said the curriculum was ready and waiting to be infused into the various carrier subjects in upcoming workshops by the council.
Sanni described the initiative as a great step in SEC’s financial literacy work while commending the FIRS boss on his initiatives in enlightening students on the benefits of taxation. She added that when young people were comfortable with taxation at an early stage, it made compliance as adults easier. Sanni restated the commitment of the committee and SEC to further educate and enlighten investors in the Nigerian capital market to enhance their ability to make informed investment decisions.
She said, “This partnership with the NERDC to actualise 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 realised that it is very important for students to imbibe the culture and habit of being financially 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.” Sanni stated that there was a clear alignment between the goals of the FIRS and those of the FLTC in coordinating the introduction of capital market studies into the curricula of basic and secondary schools in Nigeria.
Fowler commended the committee on its achievements and gave the assurance that the FIRS would continue to provide support in any way possible to promote financial literacy in the country. He said, “We will continue to support you within our capacity as we know that the issue of information dissemination is important in what we are doing. The FIRS is always willing to partner on information dissemination, which will positively impact on tax revenue in the near future.”