August 30 (THEWILL) – FMDQ Group Plc, has successfully completed the 4th edition of its FMDQ-Next Summer Camp Programme at its business complex, Exchange Place, in Lagos.
The programme, which is part of its commitment to fostering financial literacy in the younger generation, was held through its flagship corporate responsibility programme, FMDQ Next Generation Financial Markets Empowerment Programme.
The programme is – a learning and development initiative aimed at promoting financial market awareness and literacy among students across all levels, primary, secondary, and tertiary, as well as fresh graduates –
According to the organisation, the highly successful 2023 Summer Camp Programme, impacted a total of one 130 participants from diverse backgrounds.
It was designed for Primary School (ages 8 – 10) and Secondary School (ages 11–16) students, and delivered in two Streams, between August 2 – 25, 2023.
“The fully funded FMDQ-Next Programme equipped participants with essential knowledge and skills to navigate the complexities of financial markets, enhanced their understanding of savings and investment, and provided the opportunity to learn about the various investment vehicles, and the roles of the different financial market participants, through educational and interactive exercises and activities,” the company said.
The participants, who were strictly selected on a first-come, first-served basis, were prestigiously catered for and given a tour of Exchange Place, the FMDQ world-class Archives, as well as quality interaction time with the Chief Executive Officer of FMDQ Group and other senior executives, amongst other activities.
The Secondary School participants of the Programme were granted an additional opportunity to immerse themselves in the world of currency trading within a simulated environment in FMDQ Q-Hub, a state-of-the-art Trading Simulation Room.
“This cutting-edge platform, powered by the FMDQ-Next bespoke trading system, empowered participants to gain practical experience in trading, identifying potential risks, and effectively managing virtual portfolios with the ultimate goal of making profits,” the company said.
The top three finalists of this competition were honoured with remarkable prizes, including laptops, tablets, as well as future internship positions at FMDQ Group.
Speaking on the Programme, the Group Chief Operating Officer, FMDQ Group, Ms. Kaodi Ugoji, stated “we are extremely proud of the knowledge, enthusiasm, and dedication shown by our participants throughout the 2023 Summer Camp Programme, and it has indeed been a remarkable journey of learning, growth, and creating lasting memories. By combining theoretical learning with practical experiences, our aim, which was to expose the students to the intricate workings of the financial markets, was achieved. ’’.
She further commented that “as the Programme comes to an end, we extend our heartfelt gratitude to both our amazing students and their supportive parents/guardians, and we wish all the students the best of luck in their studies and endeavours”.
Since FMDQ-Next launched in July 2018, over one thousand and twenty-two (1,022) participants, from primary students, through to fresh graduates, have been positively impacted through four Summer Camps; six Corporate Excursions; eight Virtual Financial Literacy Sessions; 14 Trading Challenges; and ten 10 Internships with FMDQ Group. The FMDQ-Next initiative is an expression of FMDQ Group’s ongoing commitment to continually implement innovative initiatives that ensure a sustainable financial future for the next generation.
Sam Diala is a Bloomberg Certified Financial Journalist with over a decade of experience in reporting Business and Economy. He is Business Editor at THEWILL Newspaper, and believes that work, not wishes, creates wealth.
