FG Advocates Savings, Investment, Endowments As Development Tools

The federal government has stressed the need for sustained conversations around wealth creation, investment, savings and endowment as critical tools for national development.

Speaking at The Money Fair Wealth Invest Savings Endowments WISE 1.0 a two-day investment and financial empowerment event organised by Nairametrics in Lagos, minister of industry, trade and investment, Jumoke Oduwole, said government remains committed to reforms that will strengthen investor confidence and expand opportunities across asset classes.

The event themed: “Investing in Nigeria in 2026 Asset Classes Timing Windows Digital Tools and Risk Navigation in a Reformed Economy,” brought together retail investors young professionals pension focused audiences high net worth individuals, regulators and policy stakeholders.
The minister who was represented at the event by special adviser Mrs Teju Abisoye, said conversations on wealth investment savings and endowments are critical and important at times like this

“We need to keep the conversation interactive We need to hear the questions people have
She noted that deepening public understanding of wealth creation would help transform attitudes and unlock economic opportunities adding that We hope that this kind of conversation takes the culture on how people see wealth investment savings and endowment to the next level,” she said.

According to her, the federal ministry recognises the power of domestic investment stressing that every form of investment contributes to economic growth and triggers ripple effects across industries.

“Every time we invest in a tech or a traditional business we are contributing to the growth of our industry Such investments are enabled by savings and endowments she stated noting that more awareness is needed to educate Nigerians on how endowments can fund the future without eroding capital,” she said.

She added that wealth creation goes beyond money urging Nigerians to adopt structured savings habits.

“Let us learn how to make our savings automatic and how they work for us so we can build a better bigger wealthier Nigeria,” she said.

Organisers said the fair was designed to connect Nigerians directly with financial service providers offering guidance on savings investment strategies and wealth building tools in a changing economic environment.