NSE Corporate Challenge for Cancer: 5 Reasons to Support CSR Inititiative

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Friday, August 24, 2018 6.50PM / Proshare WebTV


The Nigeria Stock exchange as part of its commitment to building a strong and healthy Nigerian society rolled out its Corporate Social Responsibility initiative “The NSE Corporate Challenge”. 

This started officially in 2o14 and as an opportunity to mobilize efforts to address the scourge of “Cancer” which is a major pandemic claiming the lives of thousands of Nigerians annually. 

In this article we identify 5 reasons why the NSE Corporate Challenge for Cancer is a worthy CSR to support;

Providing Medical Infrastructure for Cancer Screening

According to Wellbeing Foundation  Africa, WBFA  cancer claims the lives of about 72,000 Nigerians annually, while 102,000 cases are recorded every year. This informs the need for corporates, listed companies in the exchange and philantrophists to support the efforts of the NSE Corporate Challenge that seek to purchase “Mobile Cancer Centres” in the country. 

Since inception the exchange has realized N57.36ml from donations to the purchase of MCCs which makes a strong case for investments in Nigeria’s healthcare system. 

Presently about 36 Mobile Cancer Centres are required across the country, but at the moment there are not more than 15  functional ones with States like Lagos having at least 2.

Creating Awareness on Cancer in Nigeria

The “NSE Corporate Challenge” entering its 5th edition is a platform for sensitization and awareness on the scourge of cancer in Nigeria, with a fast-rising population of over 180 million.   

With rising cases of lung, breast, ovarian, throat, pancreatic, liver and even bone cancers in Nigeria, the enlightenment efforts from the Nigeria Stock Exchange is commendable and worthy of support.

A Strategic Philantrophic Effort

The Corporate Challenge is a strategic philantrophic effort by the NSE in partnership with the Committee Encouraging Corporate Philantrophy (CECP), designed to address the medical case of cancer in Nigeria. 

Cancer is capital intensive in treatment, and early detection is important for effective diagnosis and treatment. 

In the last 4 editions over 400 listed and non-listed companies have participated in the philantrophic effort so far.

Entertainment, Sports and the Market

The NSE Corporate Challenge has provided a unique meeting point between entertainment, sports and the capital market. Every edition features celebrities and stakeholders in the market participating in the fun-filled 5km walk, jog and run event that features aerobics and later music performances by leading Nigerian music artistes. 

Some of the celebrities that have participated  include MI Abaga Alibaba Akpobome, Seyi Shay, Debola Williams and Gideon Okeke.

Testimonies of Survivors

One interesting part of the “NSE Corporate Challenge” is the testimonies and inspiring words from cancer survivors, prominent among them is the first lady of Ondo State Mrs Betty Anyanwu Akeredolu. 

She featured in the third edition and shared her survival story from breast cancer and curently leads  a Not-for-Profit Organization Breast Cancer Association of Nigeria (BRECAN). 

BRECAN is also part of the groups driving awareness on the need for screening and early detection of cancer, which remains a dreaded terminal disease that is claiming lives across the globe.


The NSE Corporate challenge is a laudable initiative and will go down and one of the legacies of the current CEO Mr Oscar Onyema whose leadership has helped to galvanize and sustain the CSR effort for cancer, for over 4 editions with the fifth scheduled for September 15, 2018. 

It is  indeed a worthy CSR for individuals, listed companies, non-listed companies, orgnizations and government parastatals to support.

Proshare Nigeria Pvt. Ltd.

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