As part of its financial literacy initiative, a financial service group, Cordros Asset Management Company, on Thursday educated students of Corona Junior Secondary on financial literacy and how to make proper investments.
Speaking in Lagos at the second edition of its debate competition themed, ‘Every child a milestone debate competition’, the Managing Director, Cordros Asset Management, Mr Gbolaham Aina, said when people were properly informed about investment, they would be able o invest properly.
He said many people had lost a lot of money due to poor knowledge of investment and that the programme gave the firm the needed time to instill financial literacy in the children.
Aina said, “So we believe that this is also an avenue to educate the youths. This is part of our financial literacy initiative. In the past, we used to go to the university so now we said, let’s go to primary schools to commemorate Children’s Day.
“We are working with Corona School, this year and in this edition, we talked about investment which we didn’t do last year. So it is more like a project this year, we are trying to have with several other schools and not Corona.”
Also speaking, the Executive Director of Cordros Asset Management, Femi Ademola, said the event was part of the efforts to commemorate the Children’s Day celebration in Nigeria.
He said the company intended to catch the children at a younger age to understand the value of money and investment, and the importance of savings.
Ademola added, “It took a lot of time for a lot of us to start taking risks in doing business. So when these children learn these things at a very younger age, it helps them to start making those lovely decisions on time.
“People go to school, graduate from school and start looking for employment, but when you teach people how to invest, it helps them because by the time they are out of school, it helps them to think out of the box and start implementing it.”
Ademola promised that the coming editions would be more elaborate adding that they will bring more schools.