Nigerian politicians and elected office holders need to be taught personal finance so that they will know how to effectively manage the nation’s economy and not continue to squander it.
iBrand TV’s senior financial analyst and professional stock broker, Charles Fakrogha, made this point while appearing on iBrand TV’s Flagship programme, ‘iBrand DayBreak’.
Fakrogha spoke on the topic “personal finance and renewed hope.”
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According to him, Nigerian citizens must play their part in nation building and stop expecting that because a new president has been sworn in things will suddenly change.
Looking at issues in Nigeria’s economy, the analyst suggested that “there is need to start educating the Nigerian child on personal finance as soon as possible”.
It is also important to learn how to save in this era of renewed hope.
Fakrogha asked: “How can we achieve financial peace, financial stability, financial independence, financial security and most importantly financial freedom at a times like this?”.
He expressed the view that when we talk about money, an individual should understand how to manage money.
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Politicians have plunged the nations economy into penury with their lack of understanding of how to handle finance.
Fakrogha also pointed out “that our leaders need to be schooled on the difference between personal finance and state finance”.
He advocated that personal finance courses should be included in courses and training given to governors, legislators, reps members and all other elected officials.
WATCH ANALYST EXPLAIN WHY PERSONAL FINANCING SHOULD BE TAUGHTÂ
