Creating an inclusive playing field in the Nigerian Capital Market is not just about fairness; it’s about empowering everyone to seize opportunities and reach their full potential, regardless of their background or resources. When a system only caters to the big players, it overlooks the immense potential within marginalized groups. Such an approach ultimately hampers long-term sustainability and competitiveness on a global scale. To build a future that lasts, inclusion is key, especially in sectors like the capital market.
Let’s take a closer look at the Nigerian financial landscape. Data from the National Lottery Trust Fund (NLTF) has revealed that over 65 million Nigerians actively engage in betting, spending an average of $15 daily. Additionally, Nigeria stands tall in the realms of cryptocurrency and forex trading, with the younger generation leading the charge. This enthusiasm demonstrates a keen interest in financial matters among young Nigerians. The pressing question, however, remains: why hasn’t this enthusiasm translated fully into traditional capital market participation?
At present, the Nigerian capital market leans heavily towards older, seasoned investors, often overlooking the untapped potential of the upcoming generation. This is partly because despite technological strides, the market hasn’t fully embraced an engaging experience that resonates with this demographic. But here’s the exciting part: At InfoWARE, we firmly believe that everyone still stands a chance!
Reimagining the System
Addressing this disconnect demands a complete reimagination of the technologies driving our industry, focusing on accessibility tailored to modern lifestyles and delivering an exceptional user experience that captivates the younger generation. In this aspect, the cryptocurrency sector sets a stellar example. For instance, crypto trading platforms offer demo accounts or simulators, enabling beginners to practice trading without risking real money. This hands-on experience alone is sufficient to entice a college student who is eager to learn about trading. Features like Social Trading, User-Friendly Interfaces, and Community engagement grant the crypto space an edge over the traditional and more stable capital market.
In response to this emerging need, the InfoWARE Market Data Terminal (IMDT) was designed to bridge this gap. Rather than simply providing data, our ecosystem envisions the entire journey of participants, from novice to advanced levels. The IDIA Trader app, a crucial part of the IMDT ecosystem, facilitates this journey by smoothing the learning curve through an engaging, gamified experience. With an AI-assisted security discovery and recommendation system, beginners can identify potential investment opportunities and make informed decisions swiftly. Our virtual investment simulator allows anyone to create a mock portfolio and trade using real market data, without the risk of losing money. Even seasoned investors find these features invaluable for focusing on specific securities and testing uncertain markets.
Leading Initiatives
In 2020, InfoWARE partnered with Pan-Atlantic University for their maiden training program. Students utilized our gamified learning platform, GrowMyKudi, to learn trading skills and honed their portfolio development using the InfoWARE virtual investment account. This interactive approach made learning fun while empowering students with crucial investment skills and fostering mutual learning experiences.
Our vision is to continually deliver innovative technological solutions that cater to the needs of individuals across the board. As we unlock the untapped potential of the younger generation, we aim to instil in them the indispensable knowledge of investment and financial markets, propelling the economy forward in the near future. Together, we’re shaping a new horizon, empowering the Nigerian youth to become leaders in driving the economy through informed investment choices. Ready to embark on a rewarding journey in investing, financial market analysis, portfolio management?
