QNET trains over 750 youths on financial literacy


By Funmilola Gboteku

QNET, an e-commerce company, has partnered Transblue Nigeria Ltd. to empower over 750 youths on financial literacy in the second phase of FinGreen, its corporate social responsibility initiative.

The Managing Director of Transblue Nigeria Ltd., Mr Akeem Ajisafe, said this on Wednesday during the graduation ceremony of the 25 Fingreen Ambassadors, who were trained on financial literacy in Lagos.

He said the interactive workshops and train-the-trainer approach had empowered 25 FinGreen ambassadors to educate over 750 youths in crucial financial principles through the peer-to-peer module.

Ajisafe said the training was successfully executed with the support of the programme’s content and training partner, Financial Literacy for All (FLFA), who developed all the training materials and conducted the ToT (Training of Trainers) workshop for the 25 alumni.

He said an implementation partner, Consumer Advocacy and Empowerment Foundation (CADEF), recruited, assessed, and tracked the participants’ performance to monitor their learning outcomes and gauge their development in various areas.

Ajisafe said there was a growing demand for job creation among young people in Nigeria to drive economic growth.

“A sizable proportion of the Nigerian population faces financial challenges and they have few options for revenue generation.

“Through FinGreen, our mission is to instil a comprehensive understanding of how financial literacy profoundly impacts the lives of those who have undergone our training, empowering them to, in turn, educate others,” Ajisafe said.

He noted that they planned to train over six thousand youths with the train the trainer approach.

He also said that to encourage the participants, awards and gifts would be presented to the three best ambassadors.

Also speaking, the Executive Director, Financial Literacy For All (FLFA), Mr Laja Shoniran, explained that financial literacy was about making informed decisions on one’s finances.

He said educating youths about the importance of financial management and making sound financial decisions would go a long way to prevent them from making costly mistakes.

Shoniran added that programmes such as the Fingreen would encourage them to be financially prudent when making decisions, noting that the importance of educating young people on financial literacy could never be overstated.

“The problem Nigeria is facing presently is as a result of having leaders who do not know much about financial literacy,” Laja said.

He said the initiative also gave the participants the advantage of having practical insights into budgeting, savings, investment and entrepreneurship.

The Executive Director, Consumer Advocacy and Empowerment Foundation (CADEF), Prof. Chiso Ndukwe-Okafor, who described the programme as an amazing opportunity said financial literacy was a necessity for all.

She said the six weeks programme not only taught them about financial literacy, but how to also reorganise their thoughts, be wealthy and the kind of inheritance they would leave behind in their various environment.

The News Agency of Nigeria (NAN) reports that the top three Fingreen Alumni, who performed exceptionally well during the peer-to- peer training were awarded N1,000,000, N750,000 and N500,000 respectively.

Temitope Adesemowo was the overall best while Olayinka Olanrewaju won second prize, and Chikwere Nwosu got the third prize.