Nigerian Defence Academy Cadets Urged to Embrace Capital Market Investments for Long-Term Financial Security
Graduating cadets of the Nigerian Defence Academy (NDA) have been advised to adopt early and sustained investment habits in Nigeria’s capital market as a pathway to sustainable wealth creation and post-service financial security. The call came from the Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, who delivered the 23rd Convocation Lecture for the 72 Regular Course and postgraduate students in Kaduna on Wednesday.
Dr. Agama encouraged the future officers to set clear financial goals, both short- and long-term, and to align those goals with a vision of economic independence. He stressed that public servants, who often rely on fixed salaries and pensions, can achieve prosperity by strategically participating in the capital market rather than depending solely on government benefits.
Highlighting the opportunities available, Agama described Nigeria’s capital market as a robust ecosystem comprising stock exchanges, bond markets, collective investment schemes, commodities, and emerging digital assets. These platforms, he said, provide avenues for passive income, wealth creation, and long-term financial security—but only for those equipped with sound financial literacy and discipline.
He further explained that securities not only offer investors a variety of risk-reward options but also enable companies and government agencies to raise much-needed funds for development projects. Agama urged the cadets to transact only with SEC-registered entities to protect their funds and avoid falling prey to illegal fund managers or unregulated schemes.
The NDA Commandant, Major General A. K. Ibrahim, welcomed the lecture, noting that many officers experience financial challenges after retirement due to poor resource management during their service years. He expressed optimism that the SEC’s enlightenment efforts would empower the graduating cadets to better manage their resources, secure their families’ futures, and contribute more effectively to Nigeria’s economic development.
source: tribune