Building a Strong Financial Future: The Importance of Investing for Young Millennials and Gen Zs

It’s remarkable what young millennials and Gen Zs across the world are doing in recent times. From their pioneering work in the tech industry to their impressive digital prowess, this category of people is contributing significantly to impacting the world. Born between 1981 and 1997, young millennials and Gen Zs are currently in their late 20s to early 30s and aged between 26 and 21, respectively. In spite of the laudable work they do, these young minds still face unique financial challenges in today’s fast-paced world, where financial security is more critical than ever. Rising living costs, uncertain job markets, and the potential instability of traditional retirement plans demand a proactive approach to securing their financial future. As they embark on their journey toward financial independence, it is important for young millennials and Gen Zs to consider investing.  

Investing is not just an option but a powerful pathway to financial growth and security. By committing to investing early in life, young millennials and Gen Zs can reap numerous benefits that will shape their financial future. In this article, we will share some responses we got from a mini-Q&A we had with some millennials and Gen Zs and highlight the importance of investing for young millennials and Gen Zs. 

Investor Stories 

Name: Paul Ikhide  

Age: 31  

Location: Mainland, Lagos  

Occupation: Product Manager 

Net worth: Confidential 

Investment Story: I embarked on my investment journey in 2020, and it was a turning point in my life. Seizing the opportunity as a Product Manager in the tech industry, I made my initial investments in cryptocurrencies and Risevest. Now, I am preparing to delve into the realm of real estate alongside a close friend. 

Lesson: One invaluable lesson I’ve learned is the importance of financial prudence. Instead of exhausting all your funds, focusing on generating passive income can bring about a gratifying sense of financial security. Remember, it’s never too late to start, as long as you approach your investments with discipline and commitment. 

Name: Okodugha Austin  

Age: 33  

Location: Lagos, Nigeria  

Occupation: Freelance writer / Civil servant  

Net worth: prefer not to say 

Investment story: I started investing shortly after university in crypto and agriculture. As I gained more understanding, I expanded my investment portfolio to include foreign exchange (FX) and stocks of companies that I had thoroughly researched and understood how they operated.  

Lesson: I believe in investing at the ground floor, which aligns with the quote by Nathan Rothschild: “The time to buy is when there’s blood in the streets.” However, I’ll advise others to do their own research before making any investment decisions. It’s not wise to invest solely based on hearsay like, “My friend said I can get 10X my money in 6 months.” 

Name: Aaron 

Age: 21  

Location: Benin City, Edo State 

Occupation: Student/Freelancer 

Investment story: I started investing in the year 2018, the biggest lesson I’ve learned is that; you don’t really get your profits immediately, but they grow over time with your consistency 

Lesson: My Advice to others would be; don’t be intense with investments, the intensity doesn’t last but consistency does. Be smart and be consistent.  

From the responses we received from this casual investment Q&A, what is apparent is that young Nigerians are very much interested in the subject ‘investment.’ This interest is piqued by the benefits that investing affords them.  

What then is the benefit of investing for young millennials and Gen Zs? 

First is that investment guarantees financial security. Although it might seem like retirement is distant for young millennials and Gen Zs, it’s never too early to plan for it. With the uncertainty surrounding the future of social security and the rising cost of living, relying solely on traditional retirement plans may not be enough. Investing early allows young millennials and Gen Zs to build a retirement nest egg that provides financial security and independence. By consistently investing a portion of their income into retirement accounts, stocks, bonds, and others, these young investors can ensure a comfortable retirement for themselves. 

Another point to consider is that investing helps to hedge against inflation. Inflation erodes the value of money over time, making it essential for young investors to protect their wealth. For example, Habiba, a university graduate, starts her career at age 22. She diligently saves ₦50,000 in a bank account, earning minimal interest. Fast forward ten years, and the purchasing power of her savings has diminished due to inflation. Ugo, on the other hand, a fellow Gen Z, decides to invest the same amount in a diversified portfolio. With the potential returns generated by his investments, Ugo’s money keeps pace with or even outpaces inflation, preserving and growing his wealth over time. 

Closely related to the above is the power of compounding interest that comes from investing.  Let’s consider the story of two friends, Olaniyi and Nadir, both 25 years old, who have different approaches to saving. Olaniyi starts investing ₦100,000 per month in a diversified portfolio that generates an average annual return of 7%. Meanwhile, Nadir decides to keep his savings in a low-interest savings account. Fast forward 40 years, when both Olaniyi and Nadir reach the age of 65. Despite investing for the same period, Olaniyi’s investment grows substantially, thanks to the power of compounding. By starting early, young millennials and Gen Zs can harness the compounding effect, allowing their investments to grow exponentially over time. 

Furthermore, investing affords young millennials and Gen Zs the funds for entrepreneurial pursuits. Millennials and Gen Zs are known for their entrepreneurial spirit and innovative ideas. However, turning these ideas into reality requires capital.  Investing early provides an avenue for young individuals to fund their entrepreneurial ventures. By accumulating wealth through investments, they can become angel investors or venture capitalists, supporting the growth of innovative businesses. This not only fuels their own entrepreneurial aspirations but also contributes to the overall economic development and job creation. Think about the likes of Paystack’s Ezra Olubi, Flutterwave’s Olugbenga Agboola, and Flying Doctors’ Dr. Ola Brown, amongst others, without funds, they could likely not have actualized their goals. 

A final point to note is that investing helps young millennials and Gen Zs achieve financial goals. Whether it’s purchasing a home, starting a family, or pursuing higher education, young millennials and Gen Zs have a multitude of financial goals. Investing provides a means to achieve these milestones. By allocating funds towards investments aligned with their goals and risk tolerance, these young investors can accumulate the necessary resources to turn their aspirations into reality. Whether saving for a down payment on a house or funding their own education, the growth potential offered by investing can significantly accelerate their journey toward achieving these financial milestones. This paves the way for greater financial independence and the ability to make sound financial choices throughout their lives. 


For young millennials and Gen Zs, investing is not just a means of growing wealth; it is a crucial step towards building a strong financial future. By starting early and harnessing the power of compounding, they can secure their retirement, protect against inflation, support entrepreneurial endeavors, and achieve their financial goals. Embracing investing early enough empowers these individuals to take control of their financial future, laying the groundwork for a prosperous and financially secure life. Remember, the journey of investing begins with education, a clear plan, and the willingness to embrace the opportunities that lie ahead. And we can help you begin your journey on the right path. Secure your financial future in just a click.  

Click here to begin your investment journey now!  

Head, Compliance

Adedayo Bello


Adedayo joined FSDH Asset Management team in 2021 as the Chief Compliance officer, where he coordinates all the regulatory and statutory Compliance of the Company. Prior to joining FSDH Asset Management Limited, he has worked with notable Financial Institutions within the Capital market.

He is a finance professional with over 15 years of experience in Investment Banking. He was Head Compliance at AIICO Capital Limited, and equally functioned as Internal Control Officer, Acting Team Lead, Investment/Treasury Operations, and member of a Reconciliation Team in the same organization.

He commenced his Financial Institution journey/career at United Capital Securities Limited, a subsidiary of United Capital PLC (Formerly UBA Capital) where he worked in various units like Operations, Reconciliation & Resolutions, and Business Development departments.

Adedayo holds a B.Sc. in Geology from University of Ado-Ekiti and Masters’ degree in Exploration Geophysics from Federal University of Technology, Akure. He is an accredited Compliance Officer with the Securities and Exchange Commission as Sponsored Individual.

Head, Operations

Chinedu Nnadi


Chinedu Nnadi holds a Bachelor of Science degree in Statistics from Nnamdi Azikiwe University, Awka, Anambra State. He is currently running his Post-Graduate Diploma in the University of Lagos, Akoka, Yaba, Lagos.

Chinedu is an Operations Specialist spanning over 17 (seventeen) years beginning from Union Systems Limited where he worked as the Systems Support/Analyst before joining the Operations Unit of Asset & Resource Management Co. Ltd (ARM Investment Managers). His time at ARM was one in which he was a key member of the Operations Unit where he was involved in organization-wide process improvement with his involvement in the Business Process Review (BPR) which identified inefficiencies and proposed improvements that led to timely execution of Strategic and Tactical transformation. This review greatly impacted on process efficiency, overall organizational effectiveness through transformation of resources, migration and adoption of relevant Information Technology tools for Operational efficiency.

He later joined Nova Asset Management Limited (NOVAMBL) as the Team Lead, Capital Market Operations where He was responsible for setting up of the Operations unit from the onset, from there, he joined FSDH Asset Management Limited where he currently sits as the Head of Operations.

Chinedu is vastly skilled and knowledgeable in the Nigerian Asset Management Operations and Regulations. Business Optimization, Process automation and Transaction processing, systems re-engineering. He is a driver of technology and operational initiatives.

He is happily married and has undergone professional trainings on Personal Improvements, Systems and Process Improvements, Financial Market Fundamentals.

Chief Investment Officer

Taofik Oyeniyi


Taofik Oyeniyi is the Chief Investment Officer at FSDH Asset Management Limited. He has over two and half decades of experience in the financial services industry across Treasury/Money market activities, Funds management, Balance Sheet and Liquidity Management, Business Development, Credit Analysis, and Structuring.

He started his Banking career in 1997 as an Executive Trainee at Equity Bank after a brief stint as an investment Officer at Compass Finance and Investment. He grew to the position of Chief Dealer before joining Intercontinental Bank as a Regional Head of Treasury in the Treasury and Investment Banking Division. In 2005. He joined Skye High Financial Services in 2010 as an Executive Partner and Division Head of Treasury and Funds Management. He worked in this capacity up until joining TAJ Bank as the Treasurer and Divisional Head of Treasury and Investment in 2019. He joined Radix Pension Managers in 2021 as the Divisional Head of Investment and Treasury.  He was responsible at Radix for formulating the overall Investment strategy for all funds managed, supervising Portfolio Managers in various investment activities, and ensuring funds are invested in line with asset allocation.

Taofik is a graduate of Business Administration and a holder of   MBA (Finance Major) degree from Obafemi Awolowo University, Ile-Ife. He is a Chartered Accountant (ACA), an Associate Member of the Chartered Institute of Bankers of Nigeria (CIBN), and a CFA Chartered Holder.

Chief Financial Officer

Funmi Olutebo


Funmilayo Oletubo is a finance professional with years of experience in business strategy, financial and performance management, liquidity management, operations control, risk management, taxation, project management and process optimization.

She is the Chief Financial Officer at FSDH Asset Management Limited “FSDH AM’”, where she acts as a strategic business partner for creating value and executing the firm’s financial strategies.

Before joining FSDH AM, Funmilayo started her career with Integrated Software Services Limited where she gained extensive knowledge for driving the efficiency of business with technology and financial solutions. She shortly after joined Chapel Hill Denham as an Investment Officer where she rose through the ranks to become an Assistant Vice President, finance and operations supporting the Investment Management, Securities Trading, Investment Banking and Trusteeship businesses. She was responsible for coordinating several responsibilities as: budget preparation, financial reporting and analysis, consolidated financial reporting, external audit liaison, management performance reviews, regulatory reporting, automation and system enhancement, asset and liability management, alternative fund accounting, investment accounting, standard operating policy development and compliance with the International Financial Reporting Standards {IFRS}.

She holds a BSc in Applied Accounting and Accounting from Oxford Brookes University, Glasgow, United Kingdom and Babcock University, Ilishan Remo, Nigeria respectively. She is a Fellow of the Association of Chartered Certified Accountants (ACCA), Member of the Institute of Chartered Accountants of Nigeria (ICAN) and Chartered Institute of Taxation of Nigeria (CITN).

She is happily married, passionate about socio-economic development and runs an NGO aimed at supporting the less privileged.

Head, Sales, FSDH Asset Management

Margaret Agbonlahor


Margaret joined the FSDH Asset Management team in 2020 as the Head of Sales, where she drives the various market segments; HNIs, Institutions and Retail. She has over 20 years of banking experience, with expertise in Sales, Business Development, Marketing and Portfolio Management. She is also an approved Corporate Client adviser. Before she joined FSDH, Margaret was a Team Lead for Core Banking Finacle Software Application change at Infosys, Bangalore India. She has garnered a deep understanding of the Fixed Income, Money Market and Equities Market, and attended several courses on Wealth and Portfolio Management. She holds a BSc. in Business Administration from the University of Benin and an MBA from the University of Lagos.

Non-Executive Director, FSDH Asset Management

Nike Ogunjimi


Nike is a finance professional with over 18 years of experience in investment management, financial advisory and commercial banking.

Over the span of her career, she has worked at several leading firms in the Nigeria financial services industry. She is currently a Director at Kuramo Capital Management where she focuses on investment management and investor relations activities. Prior to Kuramo, Nike was part of the Client Solutions team at Standard Chartered Bank Nigeria and provided financial advisory solutions to the bank’s local blue-chip clients.

She also worked at Afrinvest Limited and, as a senior member of the Investment Banking team, she led the execution of numerous headline M&A mandates for notable Nigerian companies. She was a member of the firm’s Management Team and had oversight responsibility for the Finance unit, alongside her investment banking duties.

Nike has also worked at ARM Investment Managers where, as part of the Investment Management team, she was responsible for covering various sectors on the Nigerian Stock Exchange as well as international financial markets. She holds a BSc. Insurance from University of Lagos, Nigeria and an MSc. Finance from University of Leicester, UK.

Managing Director, FSDH Asset Management

Toyin Owolabi


Mr. Owolabi has over 20 years of banking experience and is the Group Head of Financial Institutions, responsible for developing and managing the relationship with all non-bank financial institutions and other institutional clients. Before joining FSDH, he worked at FCMB and at different times oversaw Financial Institutions, Correspondent Banking and Structured Funding. He was also the Head of treasury at IMB international Bank. Mr. Owolabi’s educational background includes a bachelor’s degree in Agriculture from the University of Ilorin and an MBA from Business School Netherlands. He has attended numerous local and international courses and in addition to financial institutions, was responsible for wealth management and correspondent banking at FSDH Merchant Bank.

Non-Executive Director, FSDH Asset Management

Kelechi Okoro


Kelechi was at Argentil Capital Partners where he originated and executed infrastructure transactions. Prior to Argentil, he worked with the Infrastructure and Natural Resources Group of the International Finance Corporation (IFC), and at ARM Investment Managers (with ~USD 2bn AUM), both in Nigeria. He holds a Bachelor’s in Human Physiology from the University of Ibadan, and an M.B.A. from Lagos Business School. He serves as a Non-Executive Director.

Non-Executive Director, FSDH Asset Management

Yasmin Belo-Osagie


She was a border in England before proceeding to Princeton where she graduated cum laude in History (major) and Finance (minor) in 2011. She attended Le Cordon Bleu (a hospitality education institution), in Paris and London. She studied at Harvard Law School and at Stanford Graduate School of Business, graduating with a JD/MBA in 2019. After her graduation from Princeton, Belo-Osagie worked with McKinsey & Company as a business analyst till 2013. While at McKinsey & Company, she met Afua Osei with whom she co-founded She Leads Africa. She serves as a Non-Executive Director with FSDH Asset Management Limited.

Non-Executive Director FSDH Asset Management

Folashade Ogunde


Mrs. Folashade Ogunde graduated with a B.Sc. (Hons) degree in Economics from the University of Ife (1984) (now Obafemi Awolowo University, Ile-Ife). She is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) (2005) and an associate member of the International Facility Management Association (IFMA) (2015). She started her professional career with the firm of Deloitte Haskins & Sells (Chartered Accountants), where she gained accounting and audit experience, and had a stint in Treasury Management at Bancroll Savings & Loans Limited (1993 to 1995) and International Funding Group (Nig.) Limited (1991 to 1992) before joining UAC of Nigeria Plc in 1997. She has held such positions as Management Accountant, UAC Foods; Divisional Commercial Director, Mr. Bigg’s (now UAC Restaurants), Group Treasurer, UAC of Nigeria Plc and Executive Director, Finance at UACN Property and Development Company.

Chairman, FSDH Asset Management

Folashade Laoye


She is a graduate of University of Lagos (BSc Accounting, 1990) and qualified as an Associate member of the Institute of Chartered Accountants of England and Wales in 1995 and the Institute of Chartered Accountants of Nigeria in 1997. She trained with Coopers & Lybrand, UK (now PricewaterHouseCoopers) from 1991 to 1995 and worked with the Corporate Finance Unit of First Securities Discount House (“FSDH”) from 1995 to 1997. She holds a Master of Business Administration from Harvard Business School. She has been instrumental in charting the growth strategy of Hygeia for several years. She serves as the Chairman of the FSDH Asset Management Limited Board of Directors.