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SEC, NERDC Mull Capital Market Education Curriculum for Schools

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The Securities and Exchange Commission (SEC) is working with the Nigerian Educational Research & Development Council (NERDC) to develop a capital market education curriculum for senior secondary schools in the country.

The acting Director-General of SEC, Mary Uduk, said this was part of initiatives by the commission to promote early education and enlightenment of investors in the Nigerian capital market to enhance their ability to make informed investment decisions.

Ms Uduk was speaking at the planning and writing workshop for the development of the Capital Market Studies Curriculum (CMSC) for Basic and Senior Secondary Schools levels in Lagos on Monday.

The commission, she said, has always been in the vanguard of promoting financial literacy considering its importance for students and the need for them to imbibe the culture of financial literacy on the operations of the capital market.

The partnership with NERDC, the DG said, was to actualise the capital market literacy initiative, as part of the commission’s effort to implement one of the cardinal programmes under the 10-year Nigerian Capital Market Master Plan.

She said the programme began with the signing of a memorandum of understanding between SEC and the NERDC in 2016, to develop a stand-alone capital market studies (CMS) curriculum for infusion into Basic and Senior Secondary Schools.

“I am happy to announce that, after a successful workshop for contents selection, the stage is now set for the planning and writing of the stand-alone curriculum.

“The commission recognises the efforts required for other stages of the programme and remains confident that with the active support and commitment of our stakeholders we will complete this project,” she noted.

Ms Uduk said the commission recognises efforts required for other stages of the programme, saying with the active support and commitment of all interest groups the project would be completed.

Executive Secretary of NERDC, Ismail Junaidu, noted the strategic importance of the capital market, particularly connecting the financial sector with the real sector of the economy.

He said the capital market also facilitates real sector growth and economic development as well as increases the proportion of long-term savings channelled to long-term individuals/households.

Also, such savings are equally channelled into long-term investments and fulfil the transfer of current purchasing power from surplus sectors of the economy to deficit sections.

According to Mr Junaidu, a country’s economic growth should promote an efficient and effective financial sector that pools domestic savings and mobilises capital for productive purposes.

He said an economy that is not growing can hinder stock market development, and engender such problems as low capitalisation, which limits the savings function of the stock market, with illiquidity of the market as a disincentive to investment.

Mr Junaidu described capital market education as a strategic imperative requiring a comprehensive curriculum run by competent academic and professional personnel.

Early involvement of the youth in capital market studies, he said, could derive profit, growth and perhaps be the much-sought antidote to over-dependence on paid employment.

He said one of the reasons SEC approached NERDC to mainstream capital market issues into the national curriculum was the prospects of creating employment opportunities.

The 10-year capital market master plan requires SEC to inculcate the culture of financial literacy and specifically to introduce capital market studies (CMS) into the curriculum at all levels of education, to encourage CMS as a degree programme in the tertiary institutions.


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New Horizons Invests N50m to Empower Almajiris with Skills

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New Horizons Nigeria has launched a N50 million initiative aimed at transforming 21 Almajiri children into skilled computer technicians within 90 days, to tackle youth unemployment and harness human potential.

The Almajiri-to-Tech programme, officially launched in Abuja on Monday, provides participants with full training, meals, clothing, tools, and logistics support, all fully funded.

Speaking at the launch, the Chief Executive Officer of New Horizons, Tim Akano, said the programme represents a new journey in the history of Nigeria by restoring the original purpose of the Almajiri system, which he described as “children sent out to seek knowledge.”

“The word Almajiri comes from an Arabic term meaning emigrant and seeker of knowledge. Historically, children were sent to learn morals, responsibility, and skills to add value to society,” Akano said.

He added that the disruption of this system during colonial times forced many children onto the streets, a challenge that persists today.

Akano highlighted the urgency of addressing the Almajiri issue, noting that there are an estimated 15 million Almajiris in the country, with a population growth rate of around three per cent annually.

“If we do not solve this problem as a country, we are sitting on a time bomb,” he warned.

According to him, the programme focuses on hands-on technical skills rather than theory. Trainees will learn to repair mobile phones, laptops, televisions, radios, standing fans, and other electronic devices, as well as build inverter batteries using recycled electronic waste.

“We are not teaching theory. We are teaching practical skills you can use to earn a living,” Akano said, stressing that the programme will not interfere with the participants’ Quranic education.

“We are still going to allow you, within the period of learning. Your learning computer here is not stopping your Quranic education.

“You still have time within our space here. Whenever you want to go and pray, you can pray, then come back to class,” the CEO stressed.

He added that participants will also receive daily meals, water, T-shirts identifying them as technicians-in-training, and access to all necessary tools and equipment throughout the 90-day programme.

Akano said the initiative is part of a larger mission by New Horizons Nigeria, which has spent the past 21 years training about 100,000 Nigerians annually in IT and related skills.

He said the new programme aims to “take human genius off the streets and convert it into human capital, enabling these youths to contribute meaningfully to the economy.”

He added that equipping Almajiris with skills could add 15 million people to Nigeria’s workforce and potentially increase the country’s GDP by as much as $20 billion, stressing that productivity depends on practical skills and opportunity.

“Everything that can be taught can be learned. If someone can memorize the Quran cover to cover, there is nothing that cannot be done. What they lack is information, opportunity, and infrastructure, and we are providing all of that,” Akano said.

Akano also stressed that the initiative is designed to inspire other organizations and government agencies to replicate similar programmes across the country.

“This is not just about 21 children; it is about showing Nigeria what is possible when resources meet intention and planning.

“If we succeed in empowering these Almajiris, we demonstrate that the country can turn social challenges into economic opportunities. It’s a blueprint for Nigeria’s future,” he said, noting that the initiative combines social reform, technical education, and economic empowerment.

Also speaking, one of the trainees, Fatima Umar, appreciated the organisers and promised to maximise the opportunity.

“We’ll make you proud of us. We have nothing to say here but to thank and appreciate you. May Almighty Allah continue to guide and protect you,” Umar said.


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IMF Upgrades Nigeria’s 2026 Growth Projection to 4.4%

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International Monetary Fund has upgraded Nigeria’s 2026 economic growth projection to 4.4 per cent, reflecting improved macroeconomic stability and sustained reforms.

IMF Upgrades Nigeria’s 2026 Growth Projection to 4.4%

IMF

The January 2026 World Economic Outlook Update forecasts Nigeria’s growth trajectory at 4.1 per cent in 2024, 4.2 per cent in 2025, and 4.4 per cent in 2026—a 0.2 percentage point increase from the October 2025 estimate.

This aligns with sub-Saharan Africa’s projected 4.6 per cent expansion in 2026 and 2027, driven by regional stabilisation efforts.

Globally, the IMF anticipates 3.3 per cent growth amid resilient conditions tempered by trade policy shifts and technology investments. For Nigeria, declining energy prices—expected to fall seven per cent due to weak demand—pose risks, though OPEC+ coordination and China’s stockpiling provide support.

Despite the optimism, downside risks persist from Middle East and Ukraine tensions, protectionism, high debt, and fiscal deficits. The Fund recommends rebuilding fiscal buffers, ensuring central bank independence, and limiting temporary fiscal measures to maintain stability.

Nigeria’s success hinges on consistent reforms and resilience against domestic and global shocks, the IMF concluded.


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Nigeria’s Crude Output Falls to 1.486mbpd in November – OPEC

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Organisation of Petroleum Exporting Countries (OPEC) reports that Nigeria’s crude oil production, excluding condensate, dropped by 0.7 per cent to 1.486 million barrels per day (mbpd) in November 2025 from 1.496 mbpd in October.

Nigeria’s Crude Output Falls to 1.486mbpd in November – OPEC

OPEC

The figure, drawn from secondary sources in OPEC’s December 2025 Monthly Oil Market Report, fell short of Nigeria’s 1.5 mbpd quota. Direct communication data showed output at 1.436 mbpd, up from October’s 1.401 mbpd, but still below target.

Nigeria produces around 196,028 bpd of condensate, excluded from quota calculations per Nigerian Upstream Petroleum Regulatory Commission figures. Year-on-year, November’s output marked a slight gain over 1.417 mbpd in November 2024.

Expert Cites Insecurity, Governance Gaps

Petroleum economics expert Wumi Iledare described the quota miss as unsurprising, blaming persistent insecurity, an ageing oil basin lacking new finds, and unoffered hydrocarbon blocks. Governance shortcomings and policy uncertainty further erode investor confidence, he noted.

Selective implementation of the Petroleum Industry Act worsens the situation, with Nigeria needing a single authoritative leader for the sector rather than multiple proxies, Mr Iledare stressed. The country has struggled to consistently hit OPEC targets for years.


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