BY ONOME AMUGE
Olatunde Amolegbe, president of the Chartered Institute of Stockbrokers (CIS), has urged Nigerian parents to inculcate culture of savings and financial investments in their children in order to build a new generation of investors.
Amolegbe, a guest of honour at the 4th biennial inter-house athletics competition of Sofunix International Schools, Ota, Ogun State, explained that as future leaders, children should be equipped with the knowledge of investment at a tender age .
The CIS president, while advocating financial literacy for children, also introduced an investment strategy, called “birthday shares”, that enables parents to buy financial assets for their children on an annual basis.
Speaking from the viewpoint of a chartered stockbroker, he stated that parents can introduce their children to financial investments by buying financial assets such as shares, fixed income securities and other asset classes as gifts during their children’s birthdays.
According to him, a child/children offered such services will begin to develop interest in the securities market.
Speaking in the same vein, Sola Oni, the proprietor of Sofunix Schools, stated that the schools placed a premium on entrepreneurship of which investor education is an integral part.
Emphasising the relevance of teaching and learning of entrepreneurship in schools, Oni explained that a child’s education is not all about academics, adding that children should acquire skills in other areas in order to become well-rounded.
He further explained that an integral part of entrepreneurship is financial literacy and exposure to investment in the securities market.
On his part, Olusegun Feyijimi, a monarch in the community commended the schools’ management for leveraging the event to discover talents in sports.
He noted that sports activities go beyond exercising physical skills, noting that it is a business that both the schools and parents should encourage children to participate in.