The Proactive Shareholders Association of Nigeria (PROSAN) has advised members to take advantage of the present economic recession in Nigeria.
Addressing members during a meeting in Ibadan, Oyo State, the National Coordinator of PROSAN, Taiwo Oderinde explained that there is no alternative to training and sustainable equity culture.
Oderinde described recession to a cycle “that comes and goes”, adding that, “you must take advantage of every economic situation that comes your way”.
He also used the opportunity to advise youths to embrace equity culture and make themselve available for regular training on how to invest especially for the future.
He said: “It is better for the youth to start early. There is no alternative to savings and investments. It’s always a win-win situation when you engage in it religiously”.
He pledged the commitment of PROSAN, an affiliate of World Federation of Investor (WFI) to provide training and necessary training support for members.
Oderinde urged members to embrace personal investment in equity as a way of forming wealth.
Making reference to WFI, Oderinde said access to their own investment capital in equities increases individual’s freedom and improves their chances of weathering financial difficulties.
According to WFI, a sound market economy implies competition on equal terms that benefit consumers, noting that “WFI is anxious to protect the free market economy.
“A world that is bound together economically offers scope for peaceful growth, personal wealth accumulation, and security.
“At the same time the market economy should contribute to a world that takes into consideration good ethics, transparency, sustainable development and social responsibility”.