The Chief Executive Officer of the Nigerian Stock Exchange (NSE), Mr. Oscar Onyema, has restated the exchange’s commitment to the promotion of financial literacy, saying NSE has implemented and supported a number of programmes in line with the National Financial Literacy Framework (NFLF), which contribute to raising the level of financial literacy in Nigeria.
Onyema stated this at the 2016 NSE Essay Competition Award ceremony in Lagos, disclosing that, “to date, we have executed over 200 free capacity building workshops, aimed at enhancing investor understanding of the basics of investing.”
He said: “The multiplier effect of these workshops is phenomenal as approximately 16,000 retail investors from the grassroots can now make better investment decisions. Improving financial literacy is at the core of what we do at the NSE because we recognise that the ability to make well-informed financial decisions plays an important part in the capacity of individuals to manage financial matters well, a factor that can have either a negative or positive ripple effect on the economy. I am proud to say that with the NSE Essay Competition, we have established a strong foundation for improving the financial literacy and capability of Nigerians.”