NGX promotes investment culture among youths

Nigerian Exchange Limited says it has continued its advocacy of building saving and investing culture in young Nigerians as it celebrates the 2023 edition of ‘Global Money Week’.

It said the week was to raise awareness on the importance of ensuring that young people, from an early age, were financially aware, and gradually acquiring the knowledge, skills, attitudes, and behaviours necessary to make sound financial decisions and ultimately achieve financial well-being and financial resilience.

In a statement, it disclosed that NGX, Securities and Exchange Commission and NGX Regulation Limited partnered with the Central Bank of Nigeria to educate over 100 students on the theme, ‘Plan your money, plant your future’, to further enhance investor education and financial literacy.

The Divisional Head, Capital Markets, NGX, Jude Chiemeka, emphasised on the need to guide children in their formative years to be responsible citizens in the future. He noted that choices they made today would have a significant impact on their future.

He said, “We must also recognise that our individual financial health is closely linked to the health of the planet and of society. The choices we make about how we earn, spend, save, and invest our money can either contribute to or undermine the sustainability of our world.

“As such, it is essential that we all adopt a responsible and informed approach to financial decision-making that considers the impact of our choices on our environment and society.”

Speaking on other NGX-led financial literacy initiatives, Chiemeka noted that beyond offering a range of educational resources, the Exchange had a comic book series named NGX StockTown with the goal of using illustrations to raise the next generation leaders who were financially aware, responsible, and skilled economic citizens.

The statement said, “The celebration which culminated in a closing gong ceremony had the overall winners at the quiz session held as the Exchange closed the market by sounding the gong. They were also gifted shares with the first prize winner receiving N80,000 worth of shares while the first and second runner ups won N70,000 and N50,000 worth of shares respectively.”