NDA 23rd Convocation: “Savings and Investment, Key to Financial Prosperity in a Deregulated Economy” – DG SEC

By Esegha Miracle, Bauchi

Dr. Emomotimi John Agama, Director-General of SEC, asked Nigerian public servants to save and invest as a means to achieve financial prosperity and counter inflation in a deregulated economy during the 23rd Convocation Lecture at the Nigerian Defence Academy.

The conference discussed economic reforms under President Bola Ahmed Tinubu, highlighting the removal of fuel subsidies, electricity tariff adjustments, and exchange rate unification, which have caused immediate economic pressures.

He reiterated the importance of strategic saving and investing for public servants to secure financial independence during service and retirement, enhancing motivation and productivity.

Dr Agama outlined four steps for financial readiness: setting financial goals, establishing an emergency fund, budgeting, and strategic investment, while warning against Ponzi schemes and advising verification of investment platforms with SEC.

While reacting, Major General AK Ibrahim, NDA Commandant, praised Dr. Agama’s contributions and reaffirmed the Academy’s commitment to producing well-rounded military officers and fostering academic research.

Again, Brigadier General OA Ogunleye expressed gratitude to Dr. Agama for his insightful lecture, acknowledging its value for public servants seeking financial stability, and thanked attendees for their presence.

The lecture was part of celebratory activities leading to the Passing Out Parade and Commissioning Ceremony for cadets, featuring souvenirs, photographs, a Hall of Fame tour, and a luncheon, marking a memorable occasion.