In a bid to promote financial responsibility and empower young people, 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.
EpeInsights gathered that the training, held on Thursday at the STO Resource Centre, Debt Management Office, CBD, Alausa Ikeja, is part of the state’s continuous efforts to engage young Lagosians and equip them with the skills required for effective financial planning and active participation in national development.
Declaring the programme open, the Permanent Secretary, Lagos State Ministry of Finance, Mr. Mahmud Tajudeen Alao, stressed the critical role of financial literacy in youth development.
He explained that the initiative aligns with the state government’s strategic agenda on financial education, youth capacity building and inclusive governance.
“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.
Highlighting the evolving economic challenges and increasing public expectations, Alao urged participants to deepen their understanding of public sector financial management, budgeting, taxation and other 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 programme featured four technical sessions led by seasoned professionals. Alao himself facilitated the Overview of Public Sector Financial Management, covering principles, legal frameworks, budget processes, and accounting tools used in managing public funds.
Other facilitators included the Director of Budget (MEPB), Mr. Olufemi Orojimi; Director of Finance and Account, LIRS, Mr. Tijani Maruf Oludare; and the Head of Research, Strategy and Training, DMO, Mr. Bolarinwa Mustapha.
Delivering the vote of thanks, the Vice Chairman of NYCN, Lagos Chapter, Mr. Asoro Adbulbakri, applauded the Lagos State Government and the Ministry of Finance for their commitment to youth development.
He encouraged participants to apply the lessons learned, not only in their personal finances but also in promoting transparency, accountability and responsible leadership in society.
The initiative is part of the Sanwo-Olu administration’s broader vision for A Greater Lagos Rising, ensuring that the state’s youth are equipped to meet future challenges with financial discipline and informed decision-making.
