The Securities and Exchange Commission (SEC) has urged Nigerian civil servants to take advantage of opportunities in the capital market to build wealth, enhance financial security and actively participate in national economic growth.
Director-General of the SEC, Dr. Emomotimi Agama, made the call yesterday in Abuja during a strategic engagement with the Head of Service of the Federation, Didi Walson-Jack, and top officials of the service.
Agama, said the capital market should no longer be seen as distant from the everyday lives of public servants, but as a viable platform for long-term savings and investment.
He noted that civil servants, beyond earning monthly salaries, must position themselves as investors and stakeholders in the economy, noting that this would improve their financial stability both during service and in retirement.
“The capital market is a platform for wealth creation and financial security. Our collective goal should be to move civil servants from being just salary earners to becoming active investors and beneficiaries of economic growth,” he said.
According to him, the Contributory Pension Scheme (CPS) already links millions of civil servants to the capital market, as pension funds are invested in government bonds, equities, infrastructure funds and other market instruments.
He said that the performance of these investments directly affects the retirement benefits of workers.
The SEC boss noted that a better understanding of how the capital market operates would deepen confidence in the pension system and encourage civil servants to explore additional investment options such as mutual funds, bonds, Real Estate Investment Trusts (REITs) and other regulated instruments.
He, therefore, proposed a structured financial literacy programme tailored specifically for the civil service, aimed at equipping workers with practical knowledge on savings, investment planning, home ownership and education funding.
He said, “A financially literate civil service is a more stable, productive and secure workforce. Through targeted workshops, seminars and digital learning, civil servants can be empowered to make informed financial decisions.”
He called for stronger collaboration between the SEC and the civil service, including the establishment of a standing joint committee and the integration of capital market education into the training curriculum of institutions such as the Administrative Staff College of Nigeria (ASCON).
He also said that aligning the efficiency of the civil service with the innovation of the capital market would not only benefit individual workers but also strengthen investor confidence and contribute to sustainable national development.
“When civil servants understand and participate actively in the capital market, they become partners in Nigeria’s growth story, not just administrators of policy,” Agama said.
On her part, Walson-Jack expressed willingness to collaborate with the SEC to harness the potential inherent in the capital market for the benefit of the Civil Service and the nation.
“We accept your proposals for training on financial education for civil servants. The civil servant commits his/her entire life to the service of the nation but goes home with very little.
“We are available to forge a strategic alliance to reverse some of these issues confronting civil servants. Your offer of training should include those exiting the system on retirement.
“Civil servants, when they retire, go home with little or nothing, but we are working to change that. Very soon, all civil servants will go home with gratuity. We are also trying to see how we can help civil servants get some assets like houses. Right now, very few civil servants can access funds for housing and others.
“We are interested in that and how it can be done. We want a situation where civil servants can retire with a house of their own,” Walson-Jack said.
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