Nigerian youths have been advised to embrace the culture of investing in equities to secure their future and be financially independent.
A shareholder activist and National Coordinator, Proactive Shareholders Association of Nigeria (PROSAN), Mr. Taiwo Oderinde, who gave the advice in Ibadan, also urged members of the association to take advantage of ongoing recession in the country by putting into use previous training on sustainable equity investment culture.
He said: “It is better for the youths to start early. There is no alternative to savings and investments. It is always a win-win situation when you engage in it religiously.”
He pledged the commitment of PROSAN, an affiliate of World Federation of Investor (WFI) to provide trainings and support for potential investors.
Oderinde urged members to embrace personal investment in equity as a way of wealth formation.
He said access to their own investment capital in equities increases individual’s freedom and improves their chances of weathering financial challenges.
Making reference to WFI, Oderinde said access to their own investment capital in equities increases individual’s freedom and improves their chances of weathering financial difficulties.
According to him, WFI is an independent, not-for-profit organisation whose members are primarily national shareholders’ associations. WFI was formed to promote investor education and help national shareholders association better serve their members, both individual investors and investment clubs.
He explained that PROSAN’s membership of WFI is an opportunity that will benefit many investors in Nigeria.
“WFI has been furthering the cause of wider share-ownership and advance investment education on a worldwide scale for the benefit of individuals, families, and nations through an international exchange of investment and economic knowledge, advocating for individual investor rights and protections, and the mutual exchange of information and assistance between member countries and between individuals,” he said.