The National Financial Literacy Technical Committee of the Security and Exchange Commission (SEC) has undertaken a sensitization campaign to women and youth in rural areas on the benefit of investing in Nigeria’s capital market.
The sensitization campaign was unveiled across five LGAs of Akko, Billiri, Dukku, Kaltungo and Yamaltu/Deba in Gombe State, during the Central Bank of Nigeria (CBN) ‘Digital Financial Inclusion Drive for Women and Youth’ initiative.
Speaking at Dukku town of Dukku LGA, Mr Tunde Isaac of SEC’s Investment Management Department, said they joined the financial inclusion week campaign to sensitise women and youth on the importance of investing in the Nigerian capital market.
“Because of the presence of a lot of Ponzi schemes in the market, people will come to these people and deceive them to invest N10,000 and get N20,000 within a short period of time.
“As such, we need to enlighten them, so that they will not invest in such Ponzi schemes, thereby duped and lost their hard earned money,” Isaac said.
On his part, Isiaku Adamu of SEC’s Market Development Department, said the commission is partnering with the CBN for the campaign, to ensure that women and the youths are financially literate.
He said there are huge benefits with enormous revenue in the capital market, which he said can start with small money depending on one’s capability.
