The Nigerian Stock Exchange has announced the commencement of its 2016 edition of the NSE Essay Competition for students in senior secondary schools in all states of the federation. The topic for this year edition is What is the biggest obstacle to saving and investing money and how can the Nigerian Stock Exchange help.
The scheme, according to the Exchange, is targetted at promoting financial literacy, and to enter the competition, participants are required to email their typewritten entries, which should not be more than 1,000 words to firstname.lastname@example.org. An online submission form is also available on www.nse.com.ng and the Nigerian Stock Exchange Facebook page.
This year competition which is sponsored by Access Bank, Rand Merchant Bank, and Dangote Foundation, will see the top three winners presented with equity investments, university scholarship funds and personal laptops/tablets at the awards ceremony in November 2016.
They will also be honoured with a Closing Gong ceremony, according to a statement by the NSE on Tuesday. The schools of the top three winners will also be presented with trophies, desktop computers and printers.
According to the Head, Corporate Services Division, NSE, Mr. Bola Adeeko, improving financial literacy is important to the future of Nigeria. “Through the NSE Essay Competition, we are promoting financial literacy among young Nigerians, by encouraging them to learn how good financial decisions can better their lives now and in the future, and ultimately grow the economy. The competition serves as an essential platform to get the perspectives of our young ones on key challenges relating to financial literacy and inclusion in Nigeria” he said.
The Head of Corporate Communications, NSE, Mr. Olumide Orojimi, said, “At NSE, we are committed to helping people understand how to manage their financial resources. We take pride in investing in the lives of the next generation by empowering them with financial skills and knowledge”.
Orojimi noted that the impact of the competition was commendable as the Exchange continues to record increased number of participation and overall, high level of interest, which has altogether created greater awareness of the dynamics of the stock exchange.