NGX Convinces NYSC Members to Invest in Capital Market

By Aduragbemi Omiyale

The Nigerian Exchange (NGX) Limited, last week, took its financial literacy campaign to members of the 2023 Batch C, Stream II of the National Youth Service Corps (NYSC) in Lagos State.

The organisation did this to attract Gen Zs and millennials to the capital market to help them create wealth and achieve their financial objectives.

One of the facilitators, Ms Angel Gift, in a statement issued by the NGX, disclosed that some persons participating in the scheme have agreed to trade stocks and other securities available in the market.

“Today, we have been able to speak with about 5,000 corpers and most of them are ready to invest in the capital market,” she was quoted as saying in the statement made available to Business Post.

Also speaking at the event, the Divisional Head of Business Support Services and General Counsel at NGX, Ms Irene Robinson-Ayanwale, assured the younger investors products and new initiatives that would catch their fancy.

“The Gen Zs and the millennials always like their financial independence and they want to be able to make decisions on their own. Stay tuned because we are going to be rolling out a lot of products and initiatives around the Gen Zs and the millennials,” she said.

On his part, the Head of Market Surveillance and Investigations at NGX Regulations Limited, Mr Abimbola Babalola, said, “If we educate them at this point in their lives that they are coming in contact with money, and they are able to define and know their priorities, that will help them in creating wealth and achieve their financial objectives.”

Also speaking, a member of the Retail Banking Unit of Zenith Bank Plc, Chinonso Ume, said, “This is a veritable opportunity to teach these young ones, empower them in all things financial literacy, combined with a little bit of entrepreneurship skills.”