In a proactive step to empower the next generation of leaders, the Lagos State Government, through its Ministry of Finance, has organised a one-day capacity-building programme on “Financial Literacy and Management” for members of the National Youth Council of Nigeria (NYCN), Lagos Chapter.
Held at the STO Resource Centre, Debt Management Office, Alausa, the training brought together dozens of young leaders to learn practical strategies for managing personal and public finances — a timely initiative amidst today’s complex economic realities.
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🧠 Investing in Knowledge, Investing in the Future
Declaring the programme open, Mr. Mahmud Tajudeen Alao, Permanent Secretary of the Ministry of Finance, reiterated the state’s commitment to youth empowerment through financial education.
“This training reflects Governor Babajide Sanwo-Olu’s commitment to building a financially literate and responsible generation,” Alao stated. “In a world of evolving financial challenges, knowledge of budgeting, taxation, and public sector management is essential for informed decision-making and sustainable development.”
Alao added that financial literacy is not just personal empowerment, but a strategic necessity for effective governance and civic participation.
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📚 Four Core Sessions, Real-World Insights
The training featured sessions led by seasoned finance professionals from key agencies in the state. Topics included:
Overview of Public Sector Financial Management
Facilitator: Mr. Mahmud Tajudeen Alao
Budgeting and Fiscal Planning
Facilitator: Mr. Olufemi Orojimi, Director of Budget (MEPB)
Revenue and Taxation Systems
Facilitator: Mr. Tijani Maruf Oludare, Director of Finance & Accounts, LIRS
Debt Management and Financial Strategy
Facilitator: Mr. Bolarinwa Mustapha, Head of Research & Training, DMO
Each speaker emphasized the role of transparency, accountability, and public financial stewardship as key tenets for Nigeria’s socioeconomic transformation.
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🗣️ Youth Leaders React
In his vote of thanks, Mr. Asoro Adbulbakri, Vice Chairman of NYCN (Lagos Chapter), applauded the Lagos State Government for prioritizing youth in its development agenda.
“This initiative proves that the government believes in the future of its young people,” he said. “We are leaving here not only financially wiser but more determined to champion accountability and leadership that serves the people.”
He urged participants to apply the knowledge gained not only in their personal finances but also as advocates of good governance, policy reform, and civic responsibility.
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📌 Final Thoughts
This training is yet another proof that Lagos is not just investing in infrastructure, but in human capital, especially the youth — equipping them with the tools to thrive in an economy that increasingly demands financial intelligence and ethical leadership.
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— Stone Reporters Governance Desk
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