Nigeria, Feb. 12 -- The Senate Committee on Capital Markets has requested the federal government to include N10 billion in the 2025 budget to finance literacy development in the capital markets.

It said this is part of the measures to ensure financial literacy and restore investors' confidence.

Chairperson of the Committee, Osita Izunaso, made the request on Tuesday when the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, appeared before it to discuss the performance of the Securities and Exchange Commission (SEC).

Mr Izunaso, who represents Imo West Senatorial District, emphasised increased awareness about capital markets to curb fraudulent investments and Ponzi schemes that have cost Nigerians billions of nai...