Setting up Financial Clubs for young Nigerians
Organization | Grow With Data Youth Foundation |
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Region | Nigeria |
Website | Website |
ProjectLeader | Nnenna Mosugu |
Linked Problems & Solutions
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Nigeria has the most significant number of poor people around the world. Over 60% of its population consists of youths below 25 years. The club aspires to teach financial literacy to students below 25 years in Nigeria, equipping them with financial, business, and entrepreneurial skills that would enable them to become financially sustainable early and narrow the poverty gap. We believe that modern financial complexities and life skills cannot be left for youngsters to pick up along the way.
Challenge
Nigeria is home to more impoverished people than any other nation in the world. Poverty, mostly, is measured by considering the financial wellbeing of individuals. Financial wellbeing, however, depends not only on the buildup of financial resources but also on the acquisition of knowledge on financial sustainability. With over 60% of the population below 25 years, to make significant progress in achieving financial literacy to narrow the poverty gap in Nigeria, the youth must be involved.
Long-Term Impact
What better way to secure the future of the next generation than to start today to engage them in entrepreneurship, budgeting, investment, self-employment activities etc, while generating a wide grassroots enlightenment of financial education among the youth. This way, we are preparing future SME leaders to combat one of the major factors that affects SMEs performance today i.e. financial education. Financial systems & the economy will also thrive with well informed & financially savvy citizens
References
- http://www.gwd.com.ng
- https://leadership.ng/insurgency-humanitarian-hub-trains-31-orphans-on-entrepreneurship-skills/
- https://thenationonlineng.net/ngo-grooms-young-women-on-self-employment/
- https://www.thetrendingnews.com.ng/ngo-trains-youths-on-blogging-other-tech-based-businesses/
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