NGX encourages young investment culture.

As it celebrates the 2023 edition of ‘World Money Week,’ Nigerian Exchange Limited claims it has continued its promotion of instilling a saving and investment culture in young Nigerians.

It stated that the purpose of the week was to raise awareness about the importance of ensuring that young people are financially aware from a young age and gradually acquire the knowledge, skills, attitudes, and behaviors required to make sound financial decisions and ultimately achieve financial well-being and financial resilience.

According to a release, NGX, the Securities and Exchange Commission, and NGX Regulation Ltd collaborated with the Central Bank of Nigeria to teach over 100 students on the theme “Plan your money, plant your future” in order to improve investor education and financial literacy.

Jude Chiemeka, Divisional Head, Capital Markets, NGX, emphasized the need of guiding children in their formative years to become responsible citizens in the future. He pointed out that the decisions people make now would have a huge impact on their future.

“We must also recognize that our individual financial health is inextricably related to the health of the world and society,” he stated. The decisions we make about how we earn, spend, save, and invest our money can either help or hurt our world’s sustainability.

“As a result, it is critical that we all take a responsible and informed approach to financial decision-making that takes into account the impact of our choices on our environment and society.”

Chiemeka discussed other NGX-led financial literacy initiatives, noting that, in addition to a variety of educational resources, the Exchange had a comic book series called NGX StockTown, with the goal of using illustrations to raise the next generation of leaders who were financially aware, responsible, and skilled economic citizens.

“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,” according to the statement. They were also given shares, with the first prize winner receiving N80,000 in shares and the first and second runners-up earning N70,000 and N50,000 in shares, respectively.”

Also read: Kalu congratulates Otti, the incoming governor of Abia