Regina Pacis Foundation (RPF), a Non Governmental Organization (NGO), says it has trained no fewer than 9000 youths of Ebonyi in different vocational skills and finacial education.
Chief Edward Nkwegu, founder and chairman of the foundation made this known on Thursday at Okpoduma in Agbaja community in Ebonyi local government area of Ebonyi.
Nkwegu in an address presented to mark the 16th anniversary of the foundation, said that the organization was anchored on self sustenance and has lifted over 9000 men and women from poverty and unemployment.
He said that self sustenance was the most difficult projects to embark on because it was directly related to money.
He said that the Regina Pacis Vocational Training Institute has been in the fore front of training youths, men and women in various skills as well as empowering them with requisite financial knowledge to stand.
Nkwegu, a seasoned entrepreneur and industrialist said that equipping youths with the right skills and finacial knowledge would enhance their capacity to achieve self sustainablity in any chosen career.
He argued that many people repeat their mistakes over again because of lack of financial education adding that relevant fiscal knowledge remained best antidote to poverty.
He said: “When it comes to money, most people repeat their mistakes over and over again.
” The mistake of spending more than they earn and trying to reap where they did not sow top the list.
“When we want to share ideas on how we can sow to reap better harvest, most people usually do not have the patience to listen; many who listened may not make efforts to understand.
“People go to school for a better life after their studies, yet they learn very little about money and self sustanance.
“In Regina Pacis, we share the belief that poverty which is absence of self sustanance is caused by ingnorance and lack of financial education.”
He said that the foundation was all about giving people a second chance at money and life through financial education for self reliance.
“The new money is knowledge and knowledge begins with words and the good news is that words are free.
“Money alone can never end poverty; many people give poor people money out of kindness and often times giving money to the poor keep them poorer longer,” he added.
Nkwegu explained that the only way to end or reduce poverty was to upgrade the words poor people use through financial education.
“Give a man fish and you will feed him for a day; teach a man to fish and you will feed him for life,” he said.
Our correspondent reports that the foundation was established in 2004 to address the problem of youths unemployment and financial restiveness in the state.
Summitnews further reports that no fewer than 162 students are currently receiving training in different skills acquisition at the vocational training institute.