Royal Exchange expresses commitment to youth development

Royal Exchange plc, one of Nigeria’s foremost financial service providers, has disclosed its commitment to youth development, by continuing to uphold and support activities that enhance development and capacity of the youths.

This, the Company noted, was responsible for its partnership with Foundation for Youth Education, a non-governmental organisation geared towards leadership training conference for secondary school prefects in Lagos State. The programme is the fourth in the series held at the College Hall, Igbobi College, Yaba, Lagos where over 800 secondary school prefects from 40 schools across Lagos State participated.

Chike Mokwunye, group managing director, Royal Exchange plc, disclosed that the Company is motivated by an abiding sense of duty and patriotism to contribute to nurturing the Nigerian youth to be productive and responsible citizens.

“The students attending the conference are already in positions of authority in their respective schools, and we want a situation where they continue to be seen as examples for others to follow. At the end of the training, we expect the prefects to be role models, ready to lead, direct and positively influence others around them,” Mokwunye added.

Mokwunye, who was represented by the executive director, marketing and strategy, said “The Royal Exchange brand is well known for its empathy and high sense of patriotism. This partnership reflects our belief in the potential of the Nigerian spirit and the ability of the Nigerian youth to soar and excel in their chosen field when given the opportunity.”

Patrick Ajogwu, the coordinator of the Foundation for Youth Education, said the NGO was founded with the aim of instilling academic excellence, promoting qualitative education and leadership attitude. Ajogwu said the aim of the conference, which is in its fourth edition, is to enable students start early by developing the necessary leadership skills. It also assists the students counselling and giving them direction as they begin to make their career decisions.

Royal Exchange plc, which had previously sponsored the Nigerian Idol, has been sponsoring the School Leadership Conference for the past three years, started operations in 1921 and continues to be driven by innovation and a determination to offer services that are of exceptional value to its customers.

Following the recapitalisation exercise in 2007, the Company was reorganised into a group structure comprising Royal Exchange plc as the holding company and five strategic subsidiaries namely: Royal Exchange General Insurance Company Limited (Non-Life Insurance Services); Royal Exchange Prudential Life plc (Life Assurance Services); Royal Exchange Finance and Investments Limited (Financial Advisory Services); Royal Exchange Healthcare Limited (HMO and Health Insurance); Royal Exchange Microfinance Bank Limited (Banking Services).