Cordros Asset Management, a leading financial institution, recently concluded the fourth edition of its annual debate competition, “Every Child a Milestone Fund,” reaffirming its commitment to empowering the next generation with essential financial literacy skills. This year’s competition, held in Lagos, witnessed the participation of students from prominent secondary schools, including White Sand Secondary School, Caleb International School, Dowen College, and Chrisland High School. The competition provided a platform for these young minds to showcase their understanding of investment principles and compete for seed funds to embark on their personal financial journeys. The event underscored Cordros’ dedication to financial inclusion by equipping young individuals with the knowledge and resources to make informed financial decisions.
The central theme of this year’s debate revolved around the compelling question of “High-risk investment vs. low-risk investment: which is better?” Each participating team presented well-reasoned arguments, demonstrating a remarkable grasp of investment concepts that belied their age. Dowen College emerged as the champions of the debate, persuasively arguing in favor of high-risk investments and their potential for significant returns, while acknowledging the associated risks. White Sand Secondary School secured the runner-up position, advocating for the stability and security of low-risk investments, emphasizing their suitability for governments and institutions prioritizing consistent and predictable growth. The competition showcased the students’ ability to analyze complex financial concepts and articulate their perspectives effectively.
In recognition of their exceptional performance and insightful arguments, Dowen College was awarded a substantial prize of N300,000, while White Sand Secondary School received N200,000 for their commendable efforts. These financial awards serve as seed capital for the students, enabling them to practically apply their newfound investment knowledge and begin their own financial journeys. The competition not only provided a platform for intellectual discourse but also equipped the participants with tangible resources to translate their theoretical understanding into practical experience.
Gbolahon Aina, the Managing Director of Cordros Asset Management, delivered a welcoming address, reiterating the initiative’s core objective of “catching the youths young with financial literacy.” He emphasized the importance of instilling financial awareness and responsibility in young people, recognizing that early exposure to these concepts is crucial for developing sound financial habits. Aina highlighted the significant growth of the program, noting the increased participation from two schools in previous editions to four schools this year, reflecting the growing interest and recognition of the initiative’s value.
The “Every Child a Milestone Fund” initiative represents a vital contribution to promoting financial literacy among young people. By providing a platform for students to engage with investment principles, debate complex financial topics, and receive seed funding to kickstart their investment journeys, the program fosters a deeper understanding of financial concepts and empowers them to make informed decisions about their financial futures. This initiative aligns with broader efforts to improve financial literacy across the population, particularly among the younger generation, recognizing that financial literacy is a fundamental skill for navigating the complexities of the modern economy.
Cordros Asset Management’s commitment to fostering financial literacy extends beyond this annual debate competition. The company actively engages in various initiatives aimed at promoting financial education and inclusion. Through workshops, seminars, and other educational programs, Cordros empowers individuals with the knowledge and skills necessary to manage their finances effectively, make sound investment choices, and achieve their financial goals. By investing in the financial literacy of young people, Cordros contributes to building a more financially secure and informed society.
