Support for the Institute of Financial and Investment Analysts of Nigeria Bill

The International Association of World Peace Advocates (IAWPA)  a global peace advocacy group with Special Consultative Status under the Economic and Social Council ECOSOC of the United Nations, welcomes the opportunity to express its support for the Institute of Financial and Investment Analysts of Nigeria Bill, currently in its third reading at the National Assembly.

Importance of Financial and Investment Analysis

The establishment of the Institute of Financial and Investment Analysts of Nigeria will play a critical role in promoting financial literacy, investment analysis, and risk management in Nigeria. This will have a positive impact on the country's economy, particularly in the areas of:

- Financial Stability: By promoting sound financial analysis and investment practices, the Institute will contribute to financial stability and reduce the risk of financial crises.

- Investment: The Institute will help to develop a pool of qualified financial and investment analysts who can provide expert advice to investors, governments, and corporations.

- Economic Growth: By promoting financial literacy and investment analysis, the Institute will contribute to economic growth and development in Nigeria.

Alignment with Sustainable Development Goals (SDGs)

The establishment of the Institute of Financial and Investment Analysts of Nigeria aligns with several SDGs, including:

- SDG 8: Decent Work and Economic Growth: By promoting financial literacy and investment analysis, the Institute will contribute to economic growth and development in Nigeria which will empower our young ones with relevant financial and analytical skills. 

- SDG 9: Industry, Innovation and Infrastructure: The Institute will promote innovation and capacity building in the financial sector, which will contribute to the development of infrastructure and industry in Nigeria.

- SDG 16: Opening new patronage for employment and entrepreneurial Skill

- SDG 17: Partnerships for the Goals: The establishment of the Institute will promote partnerships between the government, private sector, and civil society organizations to achieve sustainable development 

Conclusion

IAWPA strongly supports the Institute of Financial and Investment Analysts of Nigeria Bill and urges the National Assembly to expedite its passage. We believe that the establishment of the Institute will have a positive impact on Nigeria's economy and contribute to the achievement of the SDGs.

Recommendations

We recommend that the National Assembly:

1. Expedite the passage of the Institute of Financial and Investment Analysts of Nigeria Bill.

2. Ensure that the Institute is adequately funded and resourced to enable it to achieve its objectives.

3. Encourage the Institute to promote financial literacy and investment analysis among the youth and vulnerable groups.

By supporting the Institute of Financial and Investment Analysts of Nigeria Bill, we can promote financial stability, investment, and economic growth in Nigeria, and contribute to the achievement of the SDGs.