Poised to make the society where it does business a better place and in commemoration of its 15th anniversary, Cordros Capital Limited has empowered Nigerian undergraduates with financial literacy and an investment seed capital to start a journey into building wealth through investments.
Speaking while presenting certificates and investment seed capital to the undergraduates in Lagos, it’s Group Managing Director, Wale Agbeyangi, represented by Managing Director, Cordros Securities Limited, Christian Orajekwe expressed the firm’s excitement as he gave out N100,000 each to 15 beneficiaries in the Cordros Undergraduates Financial Literacy and Empowerment Programme 2022.
According to him, “in line with our strategic objective of providing adequate financial literacy to the investing public, while we help our clients grow and manage their wealth, we decided to focus our Corporate Social Responsibility (CSR) project this year on Nigerian undergraduates.”
He said the best 20 videos were selected by a panel, and posted online for reactions from the public, adding that, the top 15 submissions based on public opinion were selected as beneficiaries to participate in financial literacy training, and receive seed capital of N100,000 each to set up an investment portfolio.
“Only Nigerian undergraduates in a Nigerian university or polytechnic with a minimum Cumulative Grade Point Average (CGPA) of 3.0 or its equivalent were eligible to apply for the programme. Our decision to select 15 beneficiaries is significant as Cordros Capital Limited celebrated its 15th anniversary this year,” he added.
Also speaking, Facilitator of the Financial Literacy Session, Aminu Umaru, Wealth Advisor, Cordros Asset Management Limited said that one of the ways to create wealth is through passive income noting that, one doesn’t just jump into wealth creation without adequate planning.
According to him, financial planning process is a circle where an individual or group starts with information gathering, evaluate the information, create an effective financial planning and implementation.
Highlighting the benefits of financial planning, Umaru disclosed that, it will improve one’s saving culture, help an individual to manage his or her finance properly, adding that, it will make one to live a comfortable life at retirement.
On her part, one of the beneficiaries, Oluwafunmilayo Odunsanwo, a student of the University of Lagos who appreciated the kind gesture of Cordros Capital Limited said she learned a lot from the financial literacy training, adding that she’s independently convinced that the seed investment capital and knowledge acquired is of great importance to her.