Financial literacy expert, Mrs. Morenike Amosun has harped on the need for traders and artisans, especially women, to be financially literate to enable them to make the right financial decisions in business.
Amosun said this while speaking at a one-day training session for traders and artisans organized by Koloba and Lala Progressive Women Association, (KLPWA) and supported by the European Union- Agents for Citizen-Driven Transformation (EU-ACT).
KLPWA is a group of landladies who are advancing the course of the less privileged in Ayobo-Ipaja LCDA.
Amosun who taught participants Financial Literacy and Record-Keeping explained that financial literacy is the foundation of financial freedom, which is essential to women’s empowerment.
She said, “when we have more people who are educated, informed, and empowered in the rural communities, they can now make the right decisions and this will reduce the number of people who are in the victim phase”.
She harped on the need for women at all levels to be financially literate, to address some of the challenges they encounter because of their financial vulnerability.
The president of KLPWA, Mrs. Flora Igbadia while speaking explained that the training was put together to reduce the trend of poverty in the community.
Igbadia call on “Philanthropist and individuals should come to rural areas and see the possibility of helping the less privilege to have a meaningful source of livelihood.”
One of the participants and Zonal head of Ijoo Zone, Lagos State Hairdressing and Barbing Association (LABCHA), Christiana Bankole explained that the training was an eye-opener, “before now, I don’t really care about recording keeping but now, I know the importance of keeping records”
Bankole wants the state government to support more artisans and traders financially as it would help to expand their businesses.
Beneficiaries of the training programme are from Koloba, Bala, Ojoo, and Aloduma communities in Ayobo-Ipaja LCDA.