The Chartered Institute of Stockbrokers (CIS) said it is set to engage the Federal Government and the Directorate of the National Youth Corps Scheme (NYSC) on the need to integrate capital market operations into the entrepreneurial scheme of NYSC to avail the fresh graduates a more comprehensive exposure to the capital market operations.
Recall that the Federal Government institutionalized entrepreneurial training in the NYSC scheme to enable the fresh graduates develop a new capacity aside from their academic background. This is part of the strategy to promote self-employment for the youths by de-emphasizing dependence on white collar jobs.
It was gathered that if the plan comes through, many of the young graduates would make career in the capital market after their NYSC primary assignment. Already, CIS has been at the fore front of investor education for the NYSC members every quarter.
Many of the fresh graduates lack in-depth information about opportunities provided by the capital market and how they can take advantage of such. Only last month the Institute commenced discussion with the Ministry of Education on the need to accredit its Diploma Courses for admission into higher institution and make such qualifications acceptable for employment in the civil service.
Meanwhile, in continuation of its regular enlightenment programme for the youths, the institute visited the 2015 Lagos State NYSC orientation camp Batch B recently to educate young graduates about the capital market. The CIS team was led by the Head Research and Technical, Mr Arize Nwobu who spoke extensively on how fresh graduates can make a career in the capital market.
Nwobu explained how the Institute is saddled with the responsibility of training and certification of Nigerian Graduates on the Capital Market. Nwobu noted that stock broking is a noble business that is based on trust and integrity.
According to him, for anyone to practice securities and investment in Nigeria he or she must be a member of the Chartered Institute of Stockbrokers. He explained that the Institute has approved a 50 per cent rebate on registration fee for all serving corp members in the country.
He further stated that serving corp members who had passed through universities and polytechnics were eligible and qualified to explore the benefits and opportunities in the capital market and end up practising as stockbrokers, securities analysts, investment bankers and portfolio managers who are currently the major players in the capital market.
He therefore urged the corp members to take advantage of being part of this noble course by enrolling for the CIS professional examination while serving the Nation. He also emphasised that only CIS certified graduates can practise stockbroking.
While appreciating the speaker and the entire team from the Institute, the State Coordinator, Mr. Cyril Akhanemhe remarked that it was quite thoughtful of the Institute to have brought great opportunity for the corp members, he then urged the corp members to take advantage of exploring the opportunities available to them during their service year.
The institute’s Second Vice President, Mr. Dapo Adekoje is already working on some modalities to increase the membership base through aggressive awareness programme. The Institute has become a beehive of students’ visit as many of them are yearning for knowledge of capital market operations and how to take advantage of an array of opportunities in the market.
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