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Capital Market critical to sustainable, socio-economic development –NSE

The Nigerian Stock Exchange (NSE) has revealed that the capital market is critical in delivering sustainable socio-economic growth and development in Nigeria.

The Chief Executive Officer of the NSE, Mr. Oscar Onyema, made this known at the award ceremony of the 19th NSE Essay Competition for Senior Secondary Schools in Nigeria which took place recently.

He also highlighted the need for innovative solutions to leverage the capital market for the achievement of the Sustainable Development Goals (SDGs).

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“We need to connect people with products and services that build human and physical capital, as well as bridge the infrastructural gaps in Nigeria. We have also identified the critical role of millennials in achieving these outcomes evidenced by the overwhelming interest today’s youth have shown in this exercise. We were not only delighted by the thousands of entries we received this year – up over 100% from last year – but also impressed by the quality of progressive solutions articulated in the submissions, some of which will be presented today” he added.

At the ceremony, Miss Adeniyi Adesewa of Grandmates Secondary School was announced as the 1st place winner of the NSE Essay Competition out of 40,966 applicants across Nigeria. She has been awarded an N500, 000 scholarship fund for her university education; N500, 000 worth of equity investment; and a laptop. Grandmates Secondary School was also awarded 3 desktop computers and a printer.

Miss Temiloluwa Oladipo and Master Adeoye Okhaioisevai both of Oritamefa Baptist Model School emerged 2nd and 3rd place respectively. Each of them was also presented with a scholarship for university education, equity investment and a laptop, along with desktop computers and a printer for the school. Also, the top 3 winners were given the prestigious honour of a Closing Gong Ceremony at the Exchange, while 7 other finalists received laptops in recognition of their good performance.