By Martha Agas
The Securities and Exchange Commission (SEC) and the Federal Ministry of Education, in collaboration with Core International, have unveiled the Nigerian Capital Market Secondary Schools Quiz Competition.
The initiative aims to promote financial literacy and enhance understanding of capital markets among secondary school students.
Mr Patrick Muzundo, the Managing Director of Financial Markets Indaba, a sister organisation of Core International, made this known in a statement on Wednesday in Abuja.
Muzundo said that the youth-centred competition would involve 370 schools from across Nigeria in a three-stage tournament format.
He said that the stages included state-level preliminaries, zonal semi-finals and a national grand finale.
“the quiz will run for six months, commencing in September and will involve 370 schools, 10 from each state of Nigeria and the Federal Capital Territory (FCT),” he said.
He said that the initiative would be hosted on the Financial Markets Indaba platform, which has experience in financial literacy initiatives and national engagement.
Muzundo said that the quiz, in addition to equiping Nigerian youths with essential financial knowledge, would lay a foundation for sound decision-making.
He said that it would also foster a spirit of academic excellence, teamwork and inclusivity among students.
According to him, the event will enable participating students to access a virtual trading platform that simulates real-time stock trading using Nigerian Exchange Group (NGX) market data.
According to him, as part of preparations for the quiz, teachers will undergo dedicated training workshops to help students prepare and to support the long-term integration of financial literacy into the school curriculum.
He further said that the competition’s theme, ‘Empowering Future Investors through Knowledge’, aligned with the SEC’s mandate of investor protection and market development.
“It directly supports SEC’s mandate of investor protection and market development by nurturing a financially literate generation.
“It also aims to empower Nigerian youths with the knowledge and skills necessary to navigate the capital market and make informed financial decisions,” he said.
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