L-R: Joshua Chibueze (Co-founder and Chief Advertising Officer, PiggyVest), Emmanuel Ojo (Managing Director, RedTech), Gbenga Omolokun, (Managing Director, VFD Microfinance Financial institution), Adejoju Ajani (Head, Information and Analytics at Interswitch Group), Tobi Amira (Senior Vice President, Loans at Moniepoint Inc.), Chidera Ike-Okonkwo (Head, Innovation Unit at Nigeria Information Safety Fee), Elliott Kayode Sangoleye (Group Head, E-Enterprise at ProvidusBank), Tochukwu Ironsi (Market Intelligence Specialist, Paystack), and Olajumoke Alaka (Nationwide Data Know-how Growth Company).
On Tuesday, February 13, 2023, The PiggyVest Finance Roundtable convened business leaders, together with Tobi Amira of Moniepoint Inc., Ifeoluwa ‘IO’ Orioke of Flutterwave, Adejoju Ajani of Interswitch Group, and Olajumoke Alaka of the nationwide Data Know-how Growth Company, alongside different influential figures in finance and tech, in Ikoyi, Lagos.
Different stakeholders current on the occasion included Chidera Ike-Okonkwo (Head, Innovation Unit at Nigeria Information Safety Fee), Odun Eweniyi (Co-founder and COO, PiggyVest), Emmanuel Ojo (Managing Director, RedTech, Heirs Holdings), Tochukwu Ironsi (Market Intelligence Specialist, Paystack), Elliott Kayode Sangoleye (Group Head E-Enterprise, ProvidusBank), Gbenga Omolokun, (Managing Director, and Fadekemi Abiru, (Head of Insights, Stears Inc).
Final 12 months, PiggyVest surveyed over a thousand Nigerians of varied ages, genders, and earnings brackets about their saving and spending habits, debt administration, and future monetary plans. The findings have been compiled right into a comprehensive report and launched on October 31, 2023, World Financial savings Day.
The roundtable was curated to debate the report’s findings and discover collaborative alternatives for the ecosystem, challenges hindering monetary inclusion for Nigerians, and techniques to boost the alignment of monetary services and products with the various wants of Nigerians throughout demographics.
Akintunde Oyebode, Commissioner of Finance, Ekiti State, who wrote the foreword of the report,
In a market the place dependable client information, not to mention perception, is painfully scarce, this report by PiggyVest is a breath of contemporary air. The report comprises unimaginable perception for these answerable for shaping financial and financial insurance policies at nationwide and even sub-national ranges; it additionally gives very helpful analyses for corporations working throughout varied sectors of the economic system.
One of many core factors of the dialog was debt and the proliferation of mortgage apps. Based on the report, virtually 4 in 10 Nigerians are in debt, and 26% of these in debt are indebted to mortgage apps. Chidera Ike-Okonkwo, Head, of the Innovation Unit at Nigeria Information Safety Fee, highlighted the NDPC’s dedication to making sure that predatory mortgage apps that violate the information safety legal guidelines are delivered to ebook.
It has been fascinating to see a good fintech platform like PiggyVest curate an occasion like this — aimed toward points about Nigerians in debt and a few of the causes they’re in debt — and I’m hoping that the dialogue results in even higher innovation and resolution to those points for Nigerians, she stated.
The occasion spanned two hours, encompassing enga deliberations on the Nigerian monetary panorama, significantly on earnings and debt.
Due to the depth of the conversations and concepts shared, we ended up spending extra time than we deliberate, stated one of the panellists, Niyi Adenubi, Govt Director (Business), VFD Group,
who shared extensively about areas of collaboration inside the ecosystem, stated he loved the occasion.
The talk among the many panellists was very productive, and the curation of the dialogue and the report itself was progressive and good. I’ve to encourage PiggyVest to proceed to curate progressive methods to debate these points, whereas we construct the framework for executing on them, he added.
L-R: Ibukun Akinola (Head, Buyer Finance, PiggyVest), Odunayo Eweniyi (Co-founder and Chief Operations Officer, PiggyVest), Joshua Chibueze (Co-founder and Chief Advertising Officer, PiggyVest) at The PiggyVest Finance Roundtable which was held on Tuesday, February 13, 2024.
Joshua Chibueze, the Chief Advertising Officer of PiggyVest, introduced that the 2023 PiggyVest Financial savings Report is the primary of what is going to now be an annual custom for the corporate to offer up-to-date perception into how Nigerians navigate their private and enterprise funds. He stated that the 2024 report will discover, amongst different issues, the influence of the quickly rising inflation fee and the devaluation of the naira, and enhance on the analysis’s methodology.
Based on Eweniyi, the important thing takeaway from the occasion is the huge monetary literacy training hole that exists. She urged fintech corporations, authorities, personal sector gamers and support businesses to scale their efforts to deal with it as a collective.
Odunayo Eweniyi (Co-founder and Chief Operations Officer, PiggyVest) chatting with the media at The PiggyVest Finance Roundtable which was held on Tuesday, February 13, 2024.
The dimensions of the work is huge; I don’t understand how we’re going to do it, however collaboration is the primary level to getting began, she stated. These conversations proceed to be related, and I’m wanting ahead to subsequent editions of the roundtable.
Picture Credit score: IjeWorks Media, for PiggyVest
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