[Nigeria] NSE Advises Youths on Early Investment and Financial Planning

The Nigerian Stock Exchange (NSE) last Friday urged the youths to start early to secure themselves financially.

Speaking at the fourth quarterly Investors’ Clinic targeted at the youths, the Head of Corporate Services Division, NSE, Mr. Bola Adeeko said the exchange is committed to building a financially literate generation and will continue to commit resources to implement a variety of programmes that will enable young people imbue the requisite skills and knowledge that will help them navigate the future through smart investing.

He told the youths that personal financial planning is no longer a concept that applies solely to members of the labour force, adults in our society or the upper social class.

According to him, aside from understanding capital market products as individual investors, the  programme is intended to aid the appreciation of basic investment principles, deepen your understanding of personal financial management, promote financial literacy and gradually help in restoring confidence in the Nigerian capital market across the youth demography, through dissemination of information about investment principles which can be used to leverage the capital market to grow and preserve wealth.

“Contemporary society requires everyone to understand the principles of money and develop personal financial management skills that will enable them manage their finances effectively and achieve financial freedom.

Financial freedom is much more than having money. It is the freedom to do what you want to do without your current financial position being a constraint. Enjoying the rewards of financial freedom is simply a matter of increasing your financial education, determining where you are now financially and where you want to be. This is the decision we encourage everyone to take, and each participant present today has an opportunity to make that decision early in life,” he said.

He noted that the NSE provides a platform for investors to grow and preserve their wealth.

“Over the past four years, the NSE has embarked on several transformation projects that has positioned the exchange  as a key player in both local and global financial landscapes. As an organisation and regulator of the capital market, we recognise the importance of engaging all our stakeholders to accommodate their needs, and manage their expectations from the market,” Adeeko said.

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