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Published On: Wed, Aug 21st, 2019

Experts call for financial revolution in Nigeria

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From Ayodele Samuel, Lagos

Financial experts have called for financial revolution as against other forms of revolution being clamoured for in some quarters, to tame the unrest being witnessed in the country.
According to them, 95% of Nigeria’s challenges will be solved if Nigerians are financially dependent.
Speaking at the “From Bare2Blue Revolution” banquet in Lagos, the Chief Operating Officer, MBA Forex and Investment Limited, Deacon Peter Ede, said there is need for real revolution to steer Nigerians out of poverty and high unemployment rate.
He noted that it is time Nigerians tap into forex and financial market to propel them into financial prosperity.
According to him, Nigerian should take a cue from china and turn her population into its greatest strength rather than its setback.
He said: “There is need for real revolution, the financial revolution and not the other revolution. There is need for Financial revolution where everyone can prosper financially and be financial independent without people asking for each other’s help financially.
“To do this, Nigerians need to take advantage of the financial markets. We are talking of the largest single market in the world where you can trade up to N3trillion on a daily basis.
“Nigeria also needs to take a cue from China. With their highest population density, China has one of the lowest unemployment rate and how is that possible? About 5% of the Chinese youths cue into the forex market and if that can be possible in China why can’t it be possible and replicated in Nigeria,” Ede said.
Furhermore, he advised Nigerians to acquire the technical know-how as that is fundamental in the forex market tradings.
On his part, the Chief Executive Officer, MBA Forex and Investment Limited, Mr. Maxwell Odum, noted that Nigeria can reduce its level of unemployment and fight poverty if potentials in the Foreign Exchange Market are fully explored.
He added that the next level for Nigerians is assured in terms of financial stability if they can key into the forex business.
“In MBA we trade averagely 6.5 trillion US$ daily. We have the expertise, knowledge and technicalism. We have what it takes to navigate into profit. For over two years we have being consistent in getting lives changed through the forex market,” he said.

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