Aduragbemi Omiyale
By Aduragbemi Omiyale
Officials of the Federal Road Safety Corps (FRSC) would be enlightened on other more profitable investment options available in the capital market for alternative incomes.
This enlightenment programme would be carried out by the Securities and Exchange Commission (SEC) under the theme, Investor Safety.
A statement from the capital market regulator disclosed that the workshop would be held across 12 zonal commands of the road agency in the country.
The aim is to enable them to take more informed decisions as they strive to achieve financial stability, especially in a period the country is facing economic headwinds triggered by high inflation and cost of living.
SEC stated that the campaign is expected to hold simultaneously on Tuesday, May 9, 2023, in Kaduna, Sokoto, Adamawa, Kwara, Bauchi and Plateau states, and it was made possible through a partnership between the two organisations.
The Director of Market Development at SEC, Mr Nestor Ikeagu, had recently stated that such enlightenments were part of the commission’s determination to ensure that every facet of the Nigerian society has a grasp of the workings of the capital market and its benefits.
“We will enlighten them on other more profitable investment options available in the capital market so that they can plan as well as educate them on how to avoid illegal fund managers,” he said.
Mr Ikeagu said some initiatives introduced by the agency were to ensure an investor-friendly and attractive system, such as e-DMMS, regularisation of multiple accounts, direct cash settlement, and transmission of shares, among others.
