Nigeria, Feb. 17 -- On Tuesday, the Senate Committee on Capital Markets requested the federal government to include N10 billion in the 2025 budget to finance literacy development in the capital market sector.

The committee chairperson, Osita Izunaso, made the request when the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, appeared before the committee to discuss the performance of the Securities and Exchange Commission (SEC).

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

The Senate Committee on Public Accounts sought explanations regarding the a...