The Securities and Exchange Commission (SEC) has entered
into partnership with the Association of Capital Market Academics of Nigeria (ACMAN)
to develop a curriculum for the Nigerian Capital Market Institute (NCMI)--the
educational and training arm of the Commission.
The curriculum would enable the commission and the
association to set the required benchmark to be adopted by the National
Universities Commission (NUC) in the accreditation of capital market studies in
tertiary institutions.
SEC said the partnership was the highpoint of a meeting
between the association led by its Interim President, Prof Uche Uwaleke, and
the commission led by the acting Director-General, Ms. Mary Uduk.
Uduk noted that the
Nigerian capital market regulator would work with the association to improve
the standards in the NCMI.
"She stated: "Working with this academic body is
vital to moving the capital market forward.
"Research that comes out of the the university must be
actionable and should help boost the growth and development of the capital
market.
"We will partner with you to develop curriculum for the
Nigeria Capital Market Institute given where we want to take NCMI to.
"This association will make our job a lot easier. We
appreciate your coming and we will work together to leverage on your expertise
to develop the capital market."
In his remarks, Uwaleke said the idea behind the association
was to advance the frontier of capital market research and promote market
issues in the tertiary institutions.
He said being the apex regulator of the capital market,
there was a the need for the association to collaborate with the commission to
set standard for capital market programme.
The university don said the need to set standard for capital
market studies was based on the conviction that it would help promote the
growth and development of the market.
Uwaleke said that the association would also be partnering
with the commission to create more awareness on the benefits of the capital
market in tertiary institutions.
He urged the commission to leverage on the expertise of the
association by allowing it have representation on the Capital Market Committee.
He said, "The SEC has done a lot in creating capital
market curriculum in secondary school but we feel that the low hanging fruit is
in the university because that is where we have more literate people.
"We need to emphasise capital market studies in our
universities because of the role it plays in economic development. We will do
all we can to expand the frontiers of capital market."
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