The Lagos State Government, through the Ministry of Finance, has organised a one-day capacity-building programme themed Financial Literacy and Management for members of the National Youth Council of Nigeria (NYCN), Lagos Chapter.
The event, held on Thursday at the STO Resource Centre, Debt Management Office, CBD, Alausa Ikeja, is part of the government’s efforts to promote youth empowerment, financial education, and responsible fiscal management among young Lagosians.
Declaring the programme open, the Permanent Secretary, Lagos State Ministry of Finance, Mr. Mahmud Tajudeen Alao, stressed the importance of equipping young people with financial literacy skills. He stated that the initiative reflects the Lagos State Government’s strategic focus on youth development, inclusive governance, and global best practices in public finance management.
“This training reflects Mr. Babajide Olusola Sanwo-Olu’s administration’s commitment to building a future-ready generation. The consistent support of Mr. Governor in promoting global best practices in public finance management has continued to place Lagos State as a benchmark in responsible governance and fiscal discipline,” Alao said.
He highlighted that with evolving financial challenges and rising public expectations, young people must develop a sound understanding of public sector financial management, budgeting, taxation, and other key fiscal responsibilities.
“As future leaders, I encourage you to take full advantage of this financial literacy training to enhance your leadership skills, make informed decisions, and contribute meaningfully to national development. An investment in knowledge pays the best interest,” he added.
The training featured four sessions led by seasoned experts. The first session, Overview of Public Sector Financial Management, was facilitated by Mr. Mahmud Tajudeen Alao, who explained the principles, legal framework, budgeting process, and accounting tools essential for managing public funds.
Other facilitators included the Director of Budget (MEPB), Mr. Olufemi Orojimi; Director of Finance and Account, Lagos Internal Revenue Service (LIRS), Mr. Tijani Maruf Oludare; and Head of Research, Strategy and Training, Debt Management Office (DMO), Mr. Bolarinwa Mustapha.
In his vote of thanks, the Vice Chairman of the National Youth Council of Nigeria, Lagos Chapter, Mr. Asoro Adbulbakri, praised the Lagos State Government and the Ministry of Finance for their foresight in youth capacity building.
He encouraged participants to apply the lessons in personal finance, public advocacy, transparency, and accountable leadership, noting that such knowledge is vital for national growth and sustainable development.
