The Securities and Exchange Commission (SEC) calls for financial literacy to protect investors as it observes World Investor Week

During World Investor Week (WIW) 2021, the Securities and Exchange Commission (SEC) has called for financial literacy to protect investors.

This was said by the regulator when they rang the bell of the Nigerian Exchange Group’s digital closing gong platform on Monday to commemorate World Investor Week (WIW) 2021.

Olu Bolumole, divisional head, listings business, NGX, stated that the stock exchange used the platform to highlight Nigeria’s financial inclusion ambitions, stating that it was at the top of the exchange’s priority.

“NGX is pleased to join the Nigerian capital market’s apex regulator, the SEC, and all securities exchanges in Nigeria to ring the bell for financial literacy in honor of the SEC’s commemoration of the 2021 WIW,” Bolumole stated.

“Financial literacy and inclusion remain top priorities for us at NGX, and we will continue to contribute our quota to the achievement of key targets of Nigeria’s national financial inclusion strategy through initiatives that encourage the wider investing public to develop investment habits.”

“As the sustainable exchange championing Africa’s growth, we are delighted to support the SEC on this commendable initiative.”

Lamido Yuguda, the SEC’s director-general, was represented by Dayo Obisan, the executive commissioner, operations, SEC, who praised NGX and the entire capital market organization for providing the platform and assisting the SEC in its efforts to develop a safe and vibrant capital market.

“This year’s WIW theme is timely given the spate of fraudulent schemes being attempted in the market today,” he added.

Yuguda stated that the SEC will continue to work with allies to provide a safe space for the general public and investors in the financial landscape.

“At the SEC, we continue to work with stakeholders to educate the public and raise awareness so that investors can truly protect themselves,” he added.

NGX said it observed WIW from October 4 to 10 by executing initiatives such as presenting a free webinar and an Instagram live session on how retail investors may take advantage of capital market opportunities and invest sustainably.

The events concluded in a virtual “ring the bell for financial literacy” with PiggyVest co-founder and chief operating officer Odunayo Eweniyi.