Sunday, July 21, 2019  /  02.00PM  / OttoabasiAbasiekong  for Proshare WebTV / Header Image Credit: FSDH

Nigerianwomen have been encouraged to imbibe a strong savings and investment culture,in order to be well position to build financial legacies for their children. The Wife of the Vice President of the FederalRepublic of Nigeria, Mrs Dolapo Osinbajo made this assertion as the keynotespeaker at the fourth series of the FSDH Merchant Bank Roundtable Series inLagos. 

Speakingfrom the theme “Women, Money and Building a Financial Legacy”, Mrs Osinbajocharged women to focus more on making financial investments and reduceunnecessary consumption, to achieve stable financial health. She decried thefact that societies like Nigeria celebrate success but despise the processesthat lead to it. Mrs Osinbajo alsoencouraged women as parents to instil discipline habits in their children,which will set them on the path of success in their endeavours. 

Lookingat the state of the economy and the challenges of bequeathingtrans-generational wealth and legacies, the Wife of the Vice-President believedwomen should be more prudent with resources and avoid excessive display ofwealth. According to her the priority is to build sustainable wealth that willsupport the family, cater for the children and achieve a befitting financiallegacy. She said  “Women must make the right choices for building alasting legacy for their children”. She also stressed the need for them to makeinformed investment decisions and encouraged women to gain financial educationand explore investment opportunities in areas like real estate and the stockmarket,  that can generate wealth for them.” She further made a strong casefor community impact and investment in the poor and under-privileged childrenand families. 

Givingher example the Wife of the VP said she had made conscious efforts to invest inless-privileged children through the “Liberty Schools Project” that has seenover 200 children as beneficiaries. She admitted that this has come at a costof sacrificing several pleasures and luxury items, and enjoined the wealthy andinfluential women to join the cause of impacting Nigerians that are indigent,through charity. 

TheMD/CEO of  FSDH Merchant Bank, Mrs Hamda Ambah, informed stakeholders andclients that the event was designed to explore ways of deepening financialinclusion for women in the country. 

Alsospeaking at the event, the First Lady of Sokoto State, Mrs Mairo Tambuwalcalled for a financial market framework in the country,  that empowerswomen especially those in the rural areas. She also called for legislationsthat will enforce the increase in gender participation in the socio-politicalspace in the country. 

Theevent featured a panel session with Mr Bismark Rewane, CEO FinancialDerivatives, Mrs Ayodeji Megbope, MD, LEFT-OVERS Nigeria Limited,  Mrs TaiOshisanya, Chief Financial Officer, Total E & P Nigeria Company and MerricaHeaton, Deputy Economic Chief, US Consulate, Nigeria, and moderated by MrsYinka Edu, Partner Udoma & Bello Osagie Chambers 

Alsoin attendance at the event was the Director-General of the Debt ManagementOffice of Nigeria Ms Pat Oniha.

Related Video

Related News

1.       First CountryOffice of Western Africa (WBAF) opens in Ghana

2.      EFInA HostsDiscourse on Increasing Opportunities for Women in Agent Banking in Nigeria

3.      AfDB andPartners Launch New Fund To Boost Digital Financial Inclusion

4.      FirstbankDemystifying Financial Inclusion with Xplorefirst

5.      Pre-UniversityFREE Python and Introductory Machine Learning Classes

6.      CBN PartnersWomen’s World Banking Group To Explore Deepening Financial Inclusion ForNigerian Women

7.      United Capitalmakes Giant Strides for Financial Inclusion

8.     EFINA Committedto Nigeria’s Financial Inclusion by 2020

9.      Investment OneLaunches *5678# USSD Code to Drive Financial Inclusion in Nigeria

10.  NIMC ExtendsDiaspora Enrolment to United Arab Emirates and United Kingdom