Lagos, (Nigeria), January, 2021 – As part of its commitment to increase the financial literacy levels among young people, Sigma Pensions Limited has partnered with Junior Achievement Nigeria (JAN) to equip young people with financial literacy skills.
In a virtual program themed “Break free, #Japa”( a popular slang which means; to run, escape or leave), held on January 14, 2021, young people were educated on practical skills necessary for personal finance management especially in these difficult times. Due to the pandemic, people’s finances have changed dramatically. This program created a perfect opportunity to acquire applicable tactics to relieve financial trauma.
With the help of an experienced lineup of speakers in the financial sector which includes Tomie Balogun (CEO Twelve Vest), Ayo Akinola (Head Business Development Piggyvest) and Paula Benedict (Head, Risk Management Sigma Pensions), a renewed hope for survival in Nigeria and urgency for savings & investment was impacted in the lives of young people. The speakers educated attendees on Lifestyle finance, Tech finance and Pension Management. They also helped participants to understand what pension entails; its benefits, how to choose a PFA, retirement planning and how to switch PFAs.
Commenting on the partnership, the Executive Director, Junior Achievement Nigeria, Foluso Gbadamosi said “This partnership with Sigma Pensions was necessary in response to the recent climate of economic uncertainty which has made it even more important for young people to acquire financial literacy skills. This webinar exposes young people to strategies to develop financial goals, determining one’s current financial position, creating a budget, understanding debt and planning for retirement.
“Being financially literate is a critical step in building financial resilience and attaining financial well-being. Our goal, aside from raising conscientious business leaders, is to help young people better understand and take charge of their money choices aimed at guaranteeing financial security in the future.”
“We appreciate Sigma pension for their continued partnership to help raise global leaders and change agents that will, in turn, develop our world for the best.” She added.
In his response, the MD Sigma Pensions Limited had this to say; “Our partnership with Junior Achievement Nigeria is targeted towards improving Financial Literacy amongst young people. Due to the pandemic, we have been unable to hold physical events but by leveraging on technology we hope to continue to push this initiative forward. Our aim is to ensure continuous practicable financial literacy programs that are highly relevant to the times and trends whilst increasing knowledge about pensions and retirement planning amongst young Nigerians. We are not just working to improve the retirement life of our customers, but we shall continue to seek ways to add value to our society at large.”
Click here to watch the webinar!