The director-general of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has encouraged graduating cadets of the Nigerian Defence Academy to explore investment opportunities in the capital market to create wealth.
Agama stated this at the 23rd Convocation Lecture in honour of graduating cadets of 72 Regular Course and Postgraduate students held yesterday in Kaduna.
Agama emphasized the importance of financial literacy and strategic engagement with the capital market to achieve economic prosperity.
He highlighted the various investment options available, including stocks, bonds, and alternative investments, and advised the cadets to patronize only SEC-registered entities to avoid investment scams.
Agama charged the Cadets to define what they want to achieve financially both short and long term, visualise their ideal future and align their financial strategy accordingly.
According to him, public servants, traditionally reliant on fixed salaries and pensions, can achieve economic prosperity by strategically engaging with the capital market.
“Capital markets, comprising stock exchanges, bond markets, and alternative investments, offer opportunities for wealth creation, passive income, and financial security. However, participation requires financial literacy.”
The SEC Boss further enjoined the cadets to ensure that they patronise only SEC registered entities to avoid being defrauded of their hard-earned money.
The NDA Commandant Major General Abdul Ibrahim said one of the reasons why officer have issues at retirement is poor management of resources during their active service life.
He said “the reason we are having this lecture today is because of the value we place on investment and empowerment issues for the military. One of the reasons we have issues after retirement is due to lack of investments and management of the little resources we have.”
Ibrahim expressed the hope that with the enlightenment, officers and men will be in better position to manage their resources and create wealth for their families.
