By Dayo Johnson, Akure
Over 200 fashion designers across seven countries have been trained on pension and investment strategies by entrepreneur Vincent Olukoya, Provost of the Fashion Entrepreneurs Business Academy.
Olukoya urged fashion designers to prioritize their financial futures by embracing pension plans and diversified investments. He expressed concern over the general lack of preparedness among creatives for long-term financial stability.
Speaking during a session titled “Pension Scheme and Mutual Trust Discussions for Fashion Designers,” Olukoya emphasized the importance of financial literacy and planning among fashion professionals.
“Many fashion designers work tirelessly to build their brands but often forget that one day they will step away from the sewing machine,” he said. “My goal is to ensure that when that time comes, they have built something sustainable—not just for now, but for their future.”
The initiative is part of a broader set of forward-thinking programs championed by Olukoya through the Fashion Entrepreneurs Business Academy. The platform aims to equip fashion creatives not only with technical skills but also with the business intelligence required to succeed in an increasingly competitive and evolving market.
Feedback from participants was overwhelmingly positive, with many expressing appreciation for the clarity and confidence the session offered in terms of financial planning—an area often overlooked in creative industries.
Also speaking at the event was financial expert Mr. O. Tunde, who guided attendees on low-risk, high-trust financial instruments such as mutual funds, treasury bills, and other CBN-regulated investment channels. He highlighted the significance of the Micro Pension Scheme, a government-backed initiative designed to help self-employed individuals and artisans secure retirement benefits.
“As the fashion industry continues to grow in Nigeria, initiatives like these are proving vital in ensuring that designers are not only celebrated for their creativity but also respected for their financial wisdom and legacy planning,” Tunde said.
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