SEC to partner entertainment industry on financial literacy

Arunma Oteh, Director General, Securities and Exchange Commission (SEC), said the commission will partner with the entertainment industry to leverage on its strength to educate Nigerians on financial literacy.

Oteh made this known in a statement signed by Yakubu Olaleye, Head of Media, SEC made available to NAN on Sunday in Abuja.

She was speaking when some members of the Nigerian Institute of Management (NIM) led by its President, Dr Nelson Uwaga paid her a courtesy visit.

She said the apex regulator of the capital market would leverage on the strength of the entertainment industry to ensure adequate communication on the need for Nigerians to be financially stable.

Oteh told the NIM officials that the commission was working at being a role model in all its activities with great emphasis on integrity and discipline.

“As the apex regulator of the capital market, we need to raise financially literate citizens who spend wisely and save wisely.

“We believe if people are well schooled, they will be able to make informed financial decisions and we are keen on ensuring that Nigeria has financially responsible citizens.

“We must be a role model in everything we do because our work entails regulations and that our markets are where we want them to be and also ensure that Nigeria is the preferred investors’ destination.

“Integrity and discipline are very important to the commission,” Oteh said.

Uwaga commended SEC for its efforts in turning around the nation’s capital market. “We wish to commend the SEC on its role in restoring confidence in the capital market.

“Without doubt, your organisation has been making noticeable efforts to develop and regulate a world class capital market with the capacity to contribute to the nation’s economic development,” he said.

The NIM president offered to collaborate with SEC to improve areas of shared concerns and interests.