SEC urges civil servants to invest in capital markets
The Securities and Exchange Commission of Nigeria is encouraging civil servants to invest in capital markets as a way to secure long-term wealth and retirement prospects.
The Securities and Exchange Commission (SEC) of Nigeria has made a significant call for civil servants to engage in the capital markets, underlining its potential for wealth accumulation and financial security, particularly post-retirement. This appeal was made during a strategic session held with the Office of the Head of the Civil Service of the Federation in Abuja, where the SEC released a statement emphasizing this initiative.
During the engagement, SEC Director-General Emomotimi Agama highlighted the necessity for public servants to shift their view of the capital market from being an abstract financial concept to an essential component of their financial planning. He pointed out the danger of relying solely on salaries, which can leave workers vulnerable financially after their service ends. By investing in the capital market, civil servants can take active steps toward securing their financial future.
This initiative reflects a growing awareness of the financial vulnerabilities faced by civil servants in Nigeria. By promoting active participation in the economy, the SEC aims to foster an environment where public servants can cultivate their financial literacy and investment strategies, thereby enhancing their overall financial stability both during and post their public service careers.