Asset manager, Oyebola, urges personal financial planning by Nigerians
The Managing Director and Chief Investment Officer of FBN Capital Asset Management, Michael Oyebola, has underscored the importance of personal financial planning in the face of the prevailing economic realities.
According to a statement, Oyebola gave the advice in a presentation entitled “Beyond Editing: Investing for a Secure Future” which he made during the 2015 edition of the Biennial Convention of the Nigerian Guild of Editors, which took place at the Lagos Airport Hotel on April 25, 2015.
He stated: “In recent times, a number of events have occurred both locally and globally that have reinforced the value of personal financial planning – from the drop in oil prices to the fluctuations in the exchange rate of the Naira.
At every stage in life, it is essential to remember the importance of financial planning as a means to a secure future during and after one’s career journey”.
The expert stressed the importance of distinguishing between assets and liabilities while gauging spending habits with respect to income. Oyebola also noted that while earning an income and saving have their place in building a healthy financial future, it is essential to invest.
He highlighted the various classes of investments to which people could commit their funds based on what their goals are, how long they are looking at achieving those financial goals, how much they can conveniently afford to put aside, and how much risk they are prepared to take in relation to the returns on their investment.
“Professional asset managers, like FBN Capital Asset Management, use their skills to manage customers’ money to achieve a desired outcome. I like to say that through our mutual fund products, we can make people grow their dreams and achieve their goals,” he said.
The statement described FBN Capital Asset Management, one of the leading fiduciary managers in Nigeria, as the asset management division of FBN Capital, a fully owned subsidiary of FBN Holdings.
The firm was said to be committed to driving financial inclusion and education, and recently won the 2014 EMEAFinance award for the Best Asset Manager in Nigeria.