Two hundred young women from four local government areas of Lagos State have received training on financial literacy under the theme “From Pocket Money to Prosperity.” The initiative, organized by the Humanity Family Foundation for Peace and Development (HUFFPED) with support from the French Embassy in Nigeria, aimed to strengthen the financial skills of adolescent girls and young women.
The beneficiaries were selected from Kosofe, Ikorodu, Lagos Island, and Somolu local government areas. According to HUFFPED’s Executive Director for Programmes, Mr. Henry Adenigba, the project was designed to enhance the financial capability of young women and help them make informed money decisions. He explained that the training encouraged participants to cultivate saving habits and identify safe and practical income opportunities.
Mr. Adenigba stated that the initiative also seeks to tackle the issue of financial exclusion among young women, promoting economic empowerment, financial independence, and gender equality. He noted that financial literacy is an essential tool for building a secure future, especially among youths facing limited access to financial resources.
The Project Manager, Mr. Damilola Kalejaiye, who facilitated one of the sessions, said the training covered topics such as understanding money, differentiating between needs and wants, budgeting, and developing consistent saving habits. He encouraged participants “to move beyond managing pocket money and focus on long-term financial stability and prosperity.”
Another facilitator, Mrs. Mosunmola Balogun, engaged participants through practical learning using savings boxes, mobile tools, and group contributions to meet personal financial goals.
Participants also learned creative and safe ways to earn income through tailoring, braiding, baking, and digital freelancing. Many of them expressed confidence in applying the lessons, forming peer groups to encourage savings and small business growth. Some described the training as life-changing, saying it inspired responsibility, confidence, and self-reliance.
