‘Younger Generation Needs Financial Literacy Skills To Manage Money’

The younger generations need financial literacy skills to effectively manage their money in the country.

The chief operating officer of AXA Mansard Investments Limited, Alex Edafe, who gave the advice recently, noted that, “from transitioning from savings to investments, budgeting, asset allocation, managing debt as well as retirement planning, to mention a few, many Nigerians, especially, younger generations need financial literacy skills to effectively manage their money in the country. “

Financial education, he added, is foundational for achieving financial independence, “as this year, we are focused on making financial knowledge more accessible to Nigerians at every stage of their financial journey. We believe that a financially educated population is better positioned to make informed decisions that can lead to long-term financial success and economic prosperity for the nation.”

Stating that his investment outfit is actively working to bridge the knowledge gap in the Nigerian financial sector by offering a range of educational initiatives to provide valuable insights on investment and personal finance, he noted that, “some of the key programs and resources available to Nigerians include free physical and virtual financial seminars, which we host to help individuals understand the basics of investing and financial planning, expert-driven content, which includes a wealth of articles, blogs, and videos on financial topics offered via traditional, digital-owned and paid media platforms.

“We also have the option for one-on-one financial advisory targeted at people who would prefer more personalised guidance, helping them to understand their unique needs and goals and creating tailored winning strategies for investments, savings, and wealth-building.”

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Financial education, he pointed out, empowers individuals to make choices that lead to financial security and prosperity while it empowers individuals with an understanding of financial principles to make better financial decisions, helps individuals to identify opportunities for wealth creation and preservation, and prepares individuals for the future to create long-term security and increase financial confidence.

“We believe that by focusing on education, we can transform the financial landscape of Nigeria. When Nigerians are empowered with the right knowledge, they are better positioned to invest wisely, create wealth, and secure their financial future,” he added.

AXA Mansard Investments said it remains committed to its mission of promoting financial education and helping Nigerians achieve financial independence.