The fact that a significant number of Nigerians earn relatively low income is no longer news as Nigeria’s Economic Summit Group, NESG, has disclosed that 91 million Nigerians now live below the poverty line.
Nevertheless, many Nigerians assume investment is for the wealthy and accomplished. The popular belief, especially among young people, is that investing is considered for people who have made millions of Naira. Others think investments should be considered after a person has earned a decent income.
Consequently, Victor Ofili, Head of Research and Strategy at Cowry Asset Management, spoke exclusively about the importance of such earners in having exposure to quality penny stocks at good prices.
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