The Wife of the Vice President of the Federal Republic of Nigeria, Mrs Dolapo Osinbajo, has encouraged women to imbibe a strong savings and investment culture in order to be well-positioned to build financial legacies for their children.
Osinbajo, while speaking at the FSDH Roundtable on Financial Legacy for Women, said with the current state of the economy and the challenges of bequeathing trans-generational wealth and legacies, women should be more prudent with resources and avoid excessive display of wealth.
She charged women to focus more on making financial investments and reducing unnecessary consumption to achieve stable financial health.
Osinbajo decried the fact that societies like Nigeria celebrated success but despised the processes that led to it and encouraged women as parents to instil discipline habits in their children which she said would set them on the path of success in their endeavours.
She said, “Women must make the right choices for building a lasting legacy for their children. There is an urgent need for them to make informed investment decisions and gain financial education to explore investment opportunities in areas like real estate and the stock market that can generate wealth for them.
“I made conscious efforts to invest in less-privileged children through the ‘Liberty Schools Project’ that has seen over 200 children as beneficiaries. This came at the cost of sacrificing several pleasures and luxury items.”
The Managing Director/Chief Executive Officer, FSDH Merchant Bank, Mrs Hamda Ambah, informed stakeholders and clients that the event was designed to explore ways of deepening financial inclusion for women in the country.
The First Lady of Sokoto State, Mrs Mairo Tambuwal, called for a financial market framework in the country that empowered women, especially those in the rural areas.
According to her, there should be legislation that will enforce an increase in gender participation in the socio-political space in the country.
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