At the PiggyVest Finance Roundtable held in February 2025, industry leaders, financial experts, and business owners discussed Nigeria's evolving financial landscape using insights from the PiggyVest Savings Report 2024.
Economic Uncertainty and Women's Entrepreneurship
A key topic was economic uncertainty and its impact on entrepreneurship. Odunayo Eweniyi, co-founder and COO of PiggyVest, raised the question: 'Is inflation the reason people start businesses in Nigeria?' The report revealed that more women are starting small businesses, driven by both economic necessity and the desire for financial independence in the face of social challenges.
Panel on Financial Gender Disparities
The first panel focused on closing financial gender gaps. Yewande Akomolafe-Kalu of Flutterwave emphasized the importance of financial literacy among youth. Bukky Akomolafe, founder of Travelstart, noted how personal life choices can impact women's financial growth. Layo Ogunbanwo, co-founder of Splice, discussed societal biases affecting women's financial opportunities.
Cultural Trends and Future Perspectives
The roundtable discussed savings culture and inflation's effects. Distrust in financial institutions and lack of clear goals were highlighted as barriers to saving. Generational differences in financial habits were also discussed. The PiggyVest report indicates younger generations focus more on quick returns and mobility rather than long-term investments.
The PiggyVest Finance Roundtable emphasized education and awareness as keys to improving financial behavior. Despite economic and social challenges, experts remain optimistic about gradual changes in Nigeria's financial culture.
