Mr. Emmanuel Okoh making his presentation during the financial literacy programme
As part of its mandate to increase awareness on stock market across the country, the Nigerian Stock Exchange (NSE) has held a one-day Financial Literacy Programme for staff and students of the Department of Entrepreneurship and Business Studies (EBS). The programme was held on Wednesday, February 15, 2017, at the Caverton Lecture Theatre, Main Campus.
In his presentation, the facilitator of the programme, Mr. Emmanuel Okoh of Finmal Finance Services, explained the nature of the capital market, how to start a business, sources of funding a business, the benefits of investing in shares, determinants of investment returns and investment life cycle.
Mr. Okoh also explained the risks of investing in the capital market, bad investment habits to avoid in the capital market, just as he shed more light on Ponzi schemes and their characteristics, noting that they downplay the risk of investment and are not registered with regulators, among others.
On how educational institutions can partner with the capital market, Mr. Okoh stated that they can assist in raising awareness and knowledge about the capital market and the various products available in it, partner with companies quoted on the NSE to bring innovative research ideas and projects to life as well as list viable subsidiaries on the capital market to enable them gain access to finance for expansion amongst other things.
And for educational institutions to be able to raise funds through endowments, he stressed the need for them to maintain database of alumni, establish dedicated fund raising offices and have regular communication with the alumni, while ensuring accountability in the management of funds.
Earlier in a welcome address, the Dean, School of Entrepreneurship and Management Technology (SEMT), Prof. Emmanuel Oni, noted that it was a privilege to have the capital market professionals in the University.
He said that the present economic recession in the country was an opportunity for the entrepreneur and urged the students to take the programme seriously as the knowledge they would gain may be useful for them to forge ahead after school.
In her vote of thanks, Head of EBS department, Dr. (Mrs.) Modupe Adeyeye congratulated staff and students of the department for being the first to partake in the NSE 2017 Financial Literacy Programme in the country.
She said the event marked the beginning of collaboration between the department and the NSE and appealed to the latter to give students from the department the opportunity to do their SIWES programme with them.
Dr. (Mrs.) Adeyeye also appealed to officials of the Stock Exchange to help in assessing the students’ business plans, serve as resource persons during their events as well as donate books to the department and provide support to indigent students.
There was also a question and answer session where the facilitator responded to questions asked by staff and students.