The Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has advised graduating cadets of the Nigerian Defence Academy (NDA) to explore investment opportunities in the capital market to create wealth.
Agama made this call at the 23rd Convocation Lecture in Kaduna.
He emphasized the importance of financial literacy, stating that public servants can achieve economic prosperity by strategically engaging with the capital market.
Agama noted that the capital market offers opportunities for wealth creation, passive income, and financial security.
The SEC boss explained that securities enable issuers to access a larger pool of investors, providing opportunities for investors to choose options that match their preferred risk and return levels.
He highlighted various investment instruments, including equities, debt instruments, collective investment schemes, commodities, digital assets, and derivatives.
Agama advised the cadets to patronize only SEC-registered entities to avoid being defrauded of their hard-earned money.
The NDA Commandant, Major General A. K. Ibrahim, noted that poor resource management during active service life is a major reason why officers face issues after retirement.
He expressed hope that the enlightenment would enable officers and men to better manage their resources and create wealth for their families.
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