SMW 2019: StanbicIBTC on How to Build Wealth
The Chief Executive, Stanbic IBTC Holdings Plc, Mr. Yinka Sanni, wowed a capacity filled hall at the Social Media Week 2019 made up of youth with age raging between 18 – 35 as the Stanbic IBTC boss patiently took his audience through the essential subject of how to build wealth -‘Money Management Tips For Your Enterprise’.
This is in line with the bank’s effort at consolidating its ongoing focus on the youth and in delivering on its strategic objectives as a digitised customer-centric universal financial services organisation.
As earlier promised, Stanbic IBTC indeed rose beyond its core financial services specialisation as it sort to contribute meaningfully to the development of the nation and uplifting the socio-economic living conditions of the population.
To further deliever on this on this special occasion, the bank CEO supported by career counseling and employability training specialist, Dr. Dipo Awojide, a Lecturer in Strategy at the Nottingham Business School, United Kingdom and Founder of the BeenThereDoneThat Hub (BTDT Hub), highlighted tools and basics of formal career development, entrepreneurship drive and business management aimed at building wealth or wealth creation and securing a promising future the Nigerian youths.
According to the CEO, there are so many opportunities ahead that will amaze every youth, so he advised that they must be properly educated and keep hope alive. “If you are trying to build a career, be the very best you can. If you are doing business, deliever excellent service”, he said.
He also added that the youth must not be fixated on some ideas or environment especially if they are not working optimally. Change your mindset! he cautioned. If need be, change your location if you find out there are better opportunities elsewhere but what you really have to work on the most, is your mindset if you have to realise your full potential and build wealth, he advised.
Opportunities he said is available to the youth population all over, an example is the StanbicIBTC Bluelab – tech hob located in Yaba. It offered its pioneer winner a whopping $30,000 as seed capital.
On creating wealth, while disclosing that StanbicIBTC has broad categories of savings products, Mr. Sanni pointed out that for the benefits of the youth population, “we have products that even at N50,000 salary, you can still investment N5000 every month. You do not have to wait for anyone to do this, you can do it by yourself through available technology – your phone” adding that interested customers should not wait till the millions come, rather they should start now, do it consistently and regularly as an essential part of how to build wealth because as they say, little drops of water make a mighty ocean.
Justifying the company’s huge investment in pointing the youngsters in the right direction, the Stanbic CEO told BrandCrunch, “We are a Nigerian company, now 30 years old, founded by a 32 years old, who gave many of us opportunities. As part of the community, we see ourselves as facilitating and empowering the people in the community and given that half of Nigerians are below the age of 35, a youthful population, we feel constrained and we have taken it upon our self to empower and facilitate that segment”.
“We are using this Social Media Week platform because many of this youth population are interested or engaged in social media, new channels or new businesses, therefore, we are excited to partner, participate and encourage them”, he added.
For those have bankable ideas, ideas that will help change the community, the CEO promised the bank will be willing to support them as the leading funds /wealth management business in Nigeria, and the biggest in pension management, asset management, and non-asset management we are the biggest, managing trillions of naira.
He reasoned that some of those assets will be invested in the companies that these young people will start, while the CEO and his team are excited “to let them (the youth) know that they can start today and start saving” as the bank will be there with them every step of the way to help them build wealth.