Stock Exchange build students financial capacity at Global Money Week
The Nigerian Stock Exchange (NSE or the Exchange) said it has enhanced the financial literacy skills of over 4,117 students from over 29 secondary schools at last week’s Global Money week held in Lagos.
The Exchange which organized a series of educational programs in partnership with First Bank Ltd, Access Bank Plc and AIESEC Nigeria, in support of Global Money Week, engaged young Nigerian students in knowledge sharing on how money works, saving, investing, creating livelihood, gaining employment and entrepreneurship.
Activities for the week-long event included a Closing Gong ceremony at the Exchange, excursions to the trading floor, interactive session with executive management of the Exchange, financial literacy fair and school outreach programmes carried out in communities across various branches of the NSE.
Shortly before the students were led to participate in the closing gong ceremony at the Exchange on Friday, a few of the students who spoke with Daily Times confirmed they have been positively impacted in the course of the Global Money Week.
Kosiso Nwankwo from Sacred Hearts College Apapa, said the NSE Global Money Week has helped me understand why saving for investment is good. This is because it helps me utilize my resources on positive and rewarding ventures.
Speaking on how investment creates opportunities for wealth and value creation, Destiny Nosakhare from City of Knowledge Academy said “The act of saving, earning, and managing money should be for the purpose of investing into lucrative businesses.
The Global Money week held at the Nigerian Stock Exchange has shown us how young minds like me can use knowledge on financial literacy to invest in one another businesses which will generate more money for us as individuals and as a nation”
The Nigerian Stock Exchange (NSE) joined more than 960 organizations in over 130 countries to celebrate the 2017 Global Money Week themed “Learn. Save. Earn” between 27th and 31st of March, 2017. The Global Money Week is an annual global celebration, initiated by Child & Youth Finance International (CYFI), with local and regional events and activities aimed at raising awareness of the importance of financial education and financial inclusion for children and youths.
Speaking to the students, Acting Head, Corporate Services Division, NSE, Ms Pai Gamde, stated that “the Global Money Week is of strategic importance to both The Nigerian Stock Exchange as an organization and its various stakeholders. It is an excellent opportunity to share with the country’s future leaders tips on how to build a financially savvy future”.
“As a sustainable stock exchange, we are committed to advancing the UN Sustainable Development Goals (SDGs), one of which is Quality Education for all by 2030 – SDG number 4. At the Exchange, we are playing our part in building a financial savvy generation, by implementing and supporting a number of programmes that contribute to raising the level of financial literacy in Nigeria”, she added.
Head of Corporate Communications, NSE, Olumide Orojimi said, “Improving financial literacy is at the core of what we do at the NSE because we recognize that the ability to make well-informed financial decisions plays an important part in the ability of individuals to manage financial affairs well, a factor that can have either a negative or positive ripple effect on the economy.
From 2014 when the Exchange started celebrating the Global Money Week, we have been able to reach over 7,170 students from over 83 schools. This week alone, we impacted over 4,117 students from over 29 secondary schools”.
Mr. Orojimi further noted that “through the Global Money Week and other financial literacy programmes, the Exchange has been able to promote financial literacy among young Nigerians, by encouraging them to learn how good financial decisions can better their lives now and in the future, and ultimately grow the economy”.
