The Nigerian Stock Exchange (NSE) has announced the commencement of the 2019 edition of the NSE Essay Competition.
A statement by the NSE said the competition commenced with a call for entries from students in Senior Secondary Schools in Nigeria.
This year, the statement said, each student will write on the topic, “How can the capital market create a better future for all”.
To enter the competition, participants are required to submit their typewritten entries, which should not be more than 1,000 words via email to [email protected] An online submission form is also available on the website of the Exchange (www.nse.com.ng) and the Nigerian Stock Exchange’s Facebook page.
“Students can also submit to any NSE office across the country. The entry submission is expected to close on 18 October 2019,” the statement said.
The NSE Essay Competition is one of the exchange’s financial literacy and inclusion initiatives aimed at bridging the gap in classroom learning with the practical knowledge required for long-term personal financial planning. The competition’s overall goal is to develop a culture of wealth creation amongst our youth towards “Building a Financially Savvy Generation”.
Speaking on the announcement, Olumide Orojimi, Head of Corporate Communications, NSE, said that “the success of the NSE Essay Competition over the years continues to be encouraging and thus inspiring the Exchange to strengthen the initiative. This year, we are positioning this flagship financial literacy programme as a platform to educate the younger generation about innovative financial instruments such as green bonds which contribute to achieving the Sustainable Development Goals (SDGs) and other related global commitments.
“This year’s topic aims to tasks students on their understanding of the role of the capital market in achieving sustainable development goals (SDGs). I, therefore, encourage parents and teachers to nudge their eligible children to participate in the NSE Essay Competition,” he added.
The top three winners of the competition will receive a combination of equity investments, scholarships towards their university education and laptop computers at the ceremony which is scheduled to hold on November 15.
The winners will also be honoured with a Closing Gong Ceremony at the NSE, and the schools of the top three winners will be recognised and presented with various prizes including trophies, desktop computers and printers.
Entries for the competition undergo three rigorous stages of review to ensure the best candidates emerge at the finals.
At the first level, entries are graded by a team of examiners from the Chartered Institute of Stockbrokers (CIS). Successful writers will proceed to the second stage by writing an in-person follow-up essay on a related topic at any of the NSE branches closest to them to select the top ten finalists. At the NSE Headquarters in Lagos, the top ten finalists will be interviewed to select the top three winners.
Now in its 19th year, the annual NSE Essay Competition has inspired over 67,000 young people in more than 12,000 schools across Nigeria, the Nigerian bourse said.