Senate seeks N10 billion to finance capital market literacy development
On Tuesday, the Senate through its Committee on Capital Market, asked finance minister Wale Edun to approve N10 billion in special funding to finance literacy development in the capital market.
Chairman of the committee, Osita Izunaso, made the appeal when Mr Edun and the director-general of the Securities and Exchange Commission, Emomotimi Agama, appeared before the committee for an interactive session.
Mr Izunaso, who decried that only five million investors were in the capital market, said that a special fund for the sector would help boost it.
Victor Umeh (LP-Anambra) had earlier said the capital market was an essential indicator of “the health of any economy” and how the capital market operates across the world.
The chairman of the Senate Committee on Finance, Sani Musa, said the request for N10 billion for literacy and enlightenment needed to be done.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
NationWide
Again, bronchitis prevents Pope Francis from public address
The pope also had to stop his sermon midway and asked a colleague to finish delivering the rest of the address.
States
Police arraign four men over alleged theft, malicious damage
The magistrate adjourned the case till February 14 for ruling on the bail application.
Economy
Customs rake in N50.8 billion revenue in Enugu, Anambra, Ebonyi
She said, “This is against the N28 billion collected in 2023, and a clear indication that the economy of the South-East is rebounding.”
World
Egypt unveils reconstruction plan for Gaza
The statement noted that reconstruction of the Gaza Strip must be carried out.
Heading 1
Jordan to take in 2,000 sick Gaza children for medical aid: PM
Mr Hassan said that the country was working with Arab nations, alongside Egypt and Palestinians, to formulate a unified and clear Arab position on Gaza’s reconstruction.
States
Man arraigned for allegedly assaulting uncles with cutlass
The defendants pleaded not guilty to the charge.
