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6 Tips to Help Young Nigerians Start their Investment Journey

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According to statistics, Gen Z, the demographic group succeeding Millennials, is the most prevalent in Nigeria. One in every four Nigerian belongs to the Gen Z group and they tend to be more financially sophisticated than previous generations were at their age. This might be as a result of growing in a recession and watching the financial mistakes made by previous generations. Recently, the COVID-19 pandemic has even made Gen-Zers more self aware with money.

Gen Z adults are the most aware about financial literacy. This is evident as seen in their adoption of technology in becoming savvy-savers, their acceptance of digital banking and knowledge of investment platforms like NFTs, Cryptocurrencies and Stocks. Still, most of them who are not investing say it’s because they do not know where to start.

Here are 5 tips that can help young Nigerians start their investment journey with ease.

1.    Prioritize investing money

You can start your investment journey by being deliberate and prioritising a fraction of your income. Most investment professionals advocate that 20% of your income should be put aside as investment. As you build up an investment culture, you can then increase the percentage of your income for investment, without any pressure. You can also automate your investment in line with when you typically receive income such as your pay day. As you allocate some money for expenses, you need to also prioritize investing. And while people tend to associate investing with large sums, the SFS Fund Mobile App which is a AA rated fund and licensed by the Securities and Exchange Commission, debunks that myth as it allows for individuals to begin their investment journeys with as little as N5,000.

2.    Invest in Mutual Fund

Investing in mutual fund presents an easy way to start your investment journey because it is convenient, with built-in diversification that makes investment less volatile and it is managed by experienced fund managers. With Mutual funds, investors get to pool their money, investing in securities such as stocks, treasury bills and money market instruments. Interests made are added to your investment daily allowing you to have a steady stream of income.

The SFS Fund is an open-ended collective investment scheme duly registered by the the Securities and Exchange Commission of Nigeria (“SEC”). It is a AA rated carefully designed financial planning product that is fit for those who are just starting out when it comes to investing in Mutual Fund.

3.    Do your research

Nigerians have been hit hard by a lot of fraudulent investment schemes. This has made people very weary of investing. It is important that if you want to start your investment journey, you need to engage in personal research. There are different things to look out for when choosing an investment scheme. The company’s financials, its leadership team, competition and its relationship with regulatory bodies are crucial information needed before deciding whether to invest.

For instance, the SFS Fund under multiple award winning SFS Capital, is managed by investment professionals with over two decades experience of managing investment portfolios. All investments with the SFS Capital are also held by an independent and highly regulated custodian and all investment decisions are reviewed by an independent trustee.

4.    Ask for Independent Ratings

It is good to also ask for the independent ratings, SEC approved rating agency and possibly the rating report. Though ratings follow a slightly different format, they are mostly in 7 levels; CC, CCC, BB, BBB, A, AA, AAA- ranging from most risky to least risky. We strongly recommend you avoid investments without independent rating or with a rating less than BBB. Therefore, consider only BBB, A, AA AND AAA. SFS Fund has a AA rating, the second highest possible rating.

5.    Embrace technology

You will be amazed to know that young people get more information about investing from social media. Choosing the right investment app online with reviews from social media might be tricky without the right guidance and it could hinder young people who are just starting their investment journey. Picking the right investment app can help with building a lifetime of strong wealthy base that secures the future.

An example of a secure and on the go investment app is the SFS Fund Mobile App which is available for download on Android and iOS devices for free. Upon downloading the app, you can start your Mutual Fund investment journey on an easy-to-use dashboard that encourages transactions on the go with seamless and interactive features.

6.    Think long term

Investing in the long term is greater for achieving larger success. Starting an investment at an early age is advantageous because it creates a healthy appetite for risk. Young people have a chance to build more vigorous portfolios that can be more erratic, thereby producing more gains over time. Young investors also have the flexibility and time to study and learn about their wins and losses in investing when they start their investment journey early.

 With these five tips for investing, young people can be on their way to securing a future they truly envision. Young people also need to understand that while patient investing may be difficult, it is imperative that they endure over long periods of underperformance. They need to stick to their investment plan in order to achieve their investment goals.

 


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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FG Kickstarts Construction of Emerging Technologies Institute in Kano

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Federal Government of Nigeria has marked a significant milestone on Friday, 14th February 2025, by breaking ground for the construction of the Sustainable & Emerging Technologies Institute (SETI).

This institute, under the aegis of the National Agency for Science and Engineering Infrastructure (NASENI), aims to ensure the socio-economic wellbeing of future generations. The groundbreaking ceremony was held at the Bayero University Kano (BUK) New Campus.

Mr. Khalil Suleiman Halilu, Executive Vice Chaiman/Chief Executive Officer (EVC/CEO) of NASENI, during the Ground-breaking ceremony held at the Bayero University Kano (BUK) New Campus said the new institute sits on 30 hectares of the BUK land to be built, featuring state-of-the-art facilities, including innovation hubs devoted to Artificial Intelligence and other cutting-edge technologies, complemented by reliable power supply. “NASENI will fully build and equip and support the new Institute” said the EVC/CEO.

The future of socio-economic development for nations rests on human creativity, innovation and cooperation, Artificial intelligence, robotics amongst others.

Halilu said that the establishment of SETI in Nigeria is to rapidly respond to the waves of young people globally revolutionizing world economies with unprecedented emergence of socio-economic frontiers as by-products of innovations and ingenuities of these young minds.

“We in NASENI are firm believers in the potential of young Nigerians to be the prime catalysts of the type of transformation that Nigeria requires. And we will do everything within our powers to support them to fulfil this important responsibility”

“We are gathered here today to kickstart a project that will transform the lives and careers of future generations of young Nigerians. The Sustainable & Emerging Technologies Institute (SETI), located at the Bayero University Kano (BUK) by NASENI. This is very much in line with our operating principles; what we call our 3Cs: Collaboration, Creation, and Commercialization. These 3Cs are the principles that passionately drive us and guide the work that we do to ensure the industrialization of Nigeria in line with the Renewed Hope agenda of President Bola Ahmed Tinubu.”

SETI will produce innovators, technologists, entrepreneurs who will make their mark not just in Nigeria but around the world. “I’m eagerly looking forward to the day, not too long from now, when the Institute’s first set of beneficiaries will astonish the world with what they’re capable of accomplishing. These stories will put not just BUK on the global innovation map, but also Kano State and the entire Nigeria” said Halilu.

While carrying out the symbolic foundation laying ceremony of the institute as Special Guest of Honour, the Minister of Innovation, Science and Technology, Chief Uche Geoffrey Nnaji, described the project as not only laudable but NASENI’s another way of fast-tracking the placing of Nigeria on the global map of innovation and industrialization. The minister called the project an “ace project” and a pointer to secure a veritable socio-economic development for the nation.

In his goodwill message, the Vice Chancellor of BUK, Professor Sagir Adamu Abbas described the new institute as a vehicle for bringing together the three critical tripods for economic and sustainable development for nations, that is, the government, academia and industry. He described the ground-breaking event as the beginning of Nigeria’s journey in pursuit of sustainable development, massive job creation opportunities for the youths, and that the BUK was delighted to be host to such laudable initiative and momentum.

There is also, in addition to SETI, a second NASENI project for BUK is an Agri-preneurship Training Hub, that will be equipped with modern greenhouses, and facilities for Soil-less Farming, and Tissue Culture; occupying 10 hectares of land at the Old Campus. These projects collectively represent what NASENI stands for, that is, building capacity, advancing industrialization, supporting economic growth and prosperity.

NASENI appreciates the Government and people of Kano State, and the Vice Chancellor, management and students of Bayero University Kano (BUK), for all the support. Special gratitude goes to the Honourable Minister of Innovation, Science and Technology, Chief Uche Geoffrey Nnaji, the Special Guest of Honour.

NASENI thanked members of the National Assembly for their support, especially the NASENI oversight Committees in both chambers. And of course, President Bola Ahmed Tinubu, who has given NASENI the opportunity to serve Nigeria through his unwavering demonstration of commitment to the success of the Agency.


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Family Marks one-year Memorial of Late APC Chieftain, Ojougboh with Charity Outreach

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The family of the late chieftain of the All Progressives Congress (APC), Chief Dr. Cairo Ojougboh, led by his wife, Mrs. Bose Ojougboh, marked his one-year memorial anniversary with a series of charitable initiatives aimed at honoring his legacy of philanthropy and service to society.

The memorial activities included the donation of school books and bags to pupils of Erigbe Primary School, in Agbor within the Ika South Local Government Area (LGA) of Delta State, where Dr. Ojougboh had received his early education.

The outreach also included extension of financial assistance to patients at Central Hospital, Agbor, and the provision of toiletries, cash, and food items to children at the Salve Regina Children’s Home, Agbor.

The outreach was carried out under the ‘Dr. Cairo Ojougboh Foundation’, a family-led initiative established to immortalise him and continue his lifelong commitment to education, healthcare, and social welfare.

Speaking during the event which took place recently, Mrs. Ojougboh reaffirmed the family’s dedication to sustaining the ideals of the late APC chieftain, describing him as a man who strongly believed in education and giving back to society.

“We are here to celebrate the life of my husband, Late Dr. Cairo Ojougboh, who passed on a year ago. In his honour, we decided to give back to society.

“He was a man who valued education and was always willing to help others. It is only fitting that we continue his legacy through acts of generosity,” she stated.

Honouring his passion for education

The first visit was to Erigbe Primary School, where Dr. Ojougboh had received his early education. The Foundation distributed school bags, writing materials, and food packs to the pupils. The family encouraged the pupils to take their education seriously and strive to become responsible citizens.

Supporting patients at Central Hospital, Agbor

At Central Hospital, Agbor, Mrs. Ojougboh and her entourage moved through the medical wards, offering financial support to patients to assist with their treatment costs. The hospital staff and beneficiaries responded with prayers and words of gratitude for the kind gesture.

Reaching out to orphaned children

The outreach team also visited Salve Regina Children’s Home in Agbor where they donated cash, food items, and toiletries to the children. The Matron of the home expressed her deep appreciation to the Ojougboh family, commending their commitment to sustaining the late politician’s legacy of compassion and social impact.

Dr. Cairo Ojougboh’s enduring legacy

Reflecting on her late husband’s contributions to society, Mrs. Ojougboh emphasised that his legacy of generosity and service to humanity would not be forgotten.

“Dr. Cairo was a selfless man who touched many lives. His contributions to the Nigerian political landscape, his mark in Agbor Kingdom, Delta State, and the country at large, will always be remembered. He may be gone, but his impact will continue to be felt for generations,” she said.

The Dr. Cairo Ojougboh Foundation has pledged to continue supporting education, healthcare, and social welfare initiatives in his memory, ensuring that his vision for a better society lives on.


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Court Discharges, Acquits, Kawu, Ex-NBC DG of N2.5Bn Fraud

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Justice Folashade Ogunbanjo of the Federal High Court Abuja has discharged and acquitted Ishaq Kawu Modibbo, former director-general, National Broadcasting Commission (NBC), and Pinnacle Communications Limited.

Ishaq Kawu Modibbo, former director-general, NBC

They were being prosecuted by the Independent Corrupt Practices and other related Offences (ICPC) of charges bordering on the ₦2.5 billion released to Pinnacle Communications under the Federal Government Digital Switch Over (DSO) project.

Delivering judgement on Thursday, Justice Ogunbanjo held that the ICPC was not able to prove the allegations against the defendants.

The judge further discharged the defendants on the grounds that the statements and evidence of the witnesses, could not pin any allegation on the defendants.

She further held that some of the witnesses contradicted themselves, and none of their statements was able to link the defendants to the charge.

According to the judge, while some of the witnesses in their oral evidence, said Lai Mohammed, former Minister of Information, was misled in approving the payment of ₦2.5 billion to Pinnacle Communications Ltd, they failed to render any documentary evidence.

The trial of the former director-general of the NBC lasted for six years.

He and Pinnacle Communications were prosecuted by the ICPC, on a five count amended charge over the release of ₦2.5bn to Pinnacle Communications Ltd, under the approval of Mohammed, under the FG Digital Switch Over (DSO) project.


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