CIS pledges to engage new administration, NYSC on youth empowerment

The Chartered Institute of Stockbrokers (CIS) has stressed its commitment to engage the new administration and the Directorate of the National Youth Corps Scheme (NYSC) on the need to integrate capital market operations into the entrepreneurial scheme of NYSC.

This would avail the fresh graduates a more comprehensive exposure to the capital market operations.

As part of its strategy to promote self-employment for the youths by de-emphasizing dependence on white collar jobs, the Federal Government recently institutionalized entrepreneurial training in the NYSC scheme to enable the fresh graduates develop a new capacity aside their academic background.
 
If the plan sails through, many of young graduates would make career in the capital market after their NYSC primary assignment, as it will broaden their scope on the capital market operations.  

Already, CIS has been at the forefront 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.

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, at the Institute courtesy visit to the 2015 Lagos State NYSC orientation camp Batch B recently, the Head Research and Technical, Arize Nwobu spoke extensively on how fresh graduates can make a career in the capital market.   

Nwobu explained that the Institute is saddled with the responsibility of training and certification of Nigerian Graduates on the Capital Market.

Nwobu noted that stockbroking is a noble business that is based on trust and integrity, noting that for anyone to practice securities and investment in Nigeria, the individual 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 corps members in the country.

He further stated that serving corps 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 practicing as stockbrokers, securities analysts, investment bankers and portfolio managers who are currently the major players in the capital market.

He therefore urged the corps members to take advantage of being part of the noble course by enrolling for the CIS professional examination while serving the Nation. He also emphasized that only CIS certified graduates can practice stockbroking.

While appreciating the speaker and the entire team from the Institute, the State Coordinator, Cyril Akhanemhe remarked that it was quite thoughtful of the Institute to have brought great opportunity for the corps members, he then urged the corps members to take advantage of exploring the opportunities available to them during their service year.

The Institute’s Second Vice President, 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.