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Wednesday, December 04,
2019 / 06:30 PM / by NSE / Header Image Credit: @nsenigeria
The Nigerian Stock
Exchange (NSE) has highlighted the critical role of the capital market in
delivering sustainable socio-economic growth and development in Nigeria. This
was articulated at the award ceremony of the 19th NSE Essay Competition for
Senior Secondary Schools in Nigeria which held on Wednesday, 4 December 2019 at
the Civic Centre, Lagos.
Speaking at the event, the
Chief Executive Officer of the NSE, Mr. Oscar N. Onyema, OON emphasized the
need for innovative solutions to leverage the capital market for the
achievement of the Sustainable Development Goals (SDGs). "We need to connect
people with products and services that build human and physical capital, as
well as bridge 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," Mr
Onyema 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 a N500,000 scholarship fund for her university
education; N500,000 worth of equity investment; and a laptop. Grandmates
Secondary School has also been 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 has been presented with a
scholarship for university education, equity investment and a laptop, along
with desktop computers and a printer for the school. In addition, 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.
Present at the
event was the First Lady of Lagos State, Dr Ibijoke Sanwo-Olu, represented by
Mrs. Funke Omotosho. She commended the NSE for the contribution of this
initiative to the development of our great nation and encouraged participants
in the competition to stay committed to developing their skills.
The special
guest of honour, Mr Chuka Eseka, Chief Executive Officer, Vetiva Capital
Management Limited and President of the Association of Issuing Houses of
Nigeria (AIHN) counselled the students on the need to develop a strong savings
and investment culture. He magnanimously awarded N250,000, N150,000 and
N100,000 worth of money market investments to the 1st, 2nd and 3rd place
winners respectively on behalf of the Association of Issuing Houses of Nigeria
(AIHN) and Vetiva Capital.
Mrs. Modupe
Adefeso-Olateju, Managing Director of the Education Partnership Centre in her
keynote address advised the students on the need to develop a range of skills
to ensure a sustainable future in light of our ever evolving society. She also
emphasized education, financial responsibility and integrity as important
virtues to imbibe.
The NSE Essay Competition
is designed to develop a culture of wealth creation amongst our youth towards "Building a Financially Savvy Generation". Over the last 19 years, the
competition has successfully increased awareness and inspired active
participation of the youth in Nigeria's capital market. This year edition was
supported by Zenith Bank Plc, Access Bank Plc, Prime Atlantic Limited and
Hewlett Packard Nigeria Limited.
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