Prof Sulaiman Abdullahi Karwai of ABU Business School, Ahmadu Bello University, says financial intelligence and pre-retirement planning provide a sense of fulfilment and value added life after retirement.
Speaking at a lecture he delivered for staff members of the Faculty of Veterinary Medicine, Ahmadu Bello University, Prof Karwai also said that financial intelligence greatly helped in navigating complexities of the nuggets of finance.
According to him, setting specific savings and investment targets as well as trying to achieve them would prevent potential retirees from experiencing difficulty later in retirement life.
Prof Karwai, who specifically spoke on ‘Financial Intelligence and Pre-retirement Planning’, said it would be better for retirees to factor retirement strategy into their strategic planning early.
He also explained that setting specific savings and investment targets as well as trying to achieve them could add value to life after retirement.
The professor of business administration, urged potential retirees to plan their expenditure by getting the maximum bang for their buck and avoiding pretentious lifestyle and competition.
According to Prof Karwai, if “you would work, you would save and invest, then you would retire with value added life”.
He described financial literacy as the ability to effectively use financial skills, including personal financial management, budgeting and smart relationship with money.
Karwai also said that preparing for a healthy, secure and successful life upon retirement involved some sacrifices.
According to him, wise planning, not living beyond means, as well as monitoring and evaluating finances remained very essential in financial literacy.
The don identified crafting of financial vision, setting value-based, realistic financial goals, living within one’s pragmatic limit and getting financial wellness as the fundamentals of financial intelligence.
Prof Karwai also outlined home-based businesses such as agriculture/agro-allied ventures, estate/commodity/stock/forex/trade, educational and management consulting, and online businesses as side businesses ideas retirees could come up with after retirement.
The scholar explained that complexities of Nigerian’s socio-economic environment had made pre-retirement planning a top priority.
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Public Affairs Directorate,
Office of the Vice-Chancellor,
Ahmadu Bello University, Zaria. (AHW).
Thursday, 22nd May, 2025.
How to plan a value added life after retirement, by Prof Sulaiman Karwai
Prof Sulaiman Abdullahi Karwai of ABU Business School, Ahmadu Bello University, says financial intelligence and pre-retirement planning provide a sense of fulfilment and value added life after retirement.
Speaking at a lecture he delivered for staff members of the Faculty of Veterinary Medicine, Ahmadu Bello University, Prof Karwai also said that financial intelligence greatly helped in navigating complexities of the nuggets of finance.
According to him, setting specific savings and investment targets as well as trying to achieve them would prevent potential retirees from experiencing difficulty later in retirement life.
Prof Karwai, who specifically spoke on ‘Financial Intelligence and Pre-retirement Planning’, said it would be better for retirees to factor retirement strategy into their strategic planning early.
He also explained that setting specific savings and investment targets as well as trying to achieve them could add value to life after retirement.
The professor of business administration, urged potential retirees to plan their expenditure by getting the maximum bang for their buck and avoiding pretentious lifestyle and competition.
According to Prof Karwai, if “you would work, you would save and invest, then you would retire with value added life”.
He described financial literacy as the ability to effectively use financial skills, including personal financial management, budgeting and smart relationship with money.
Karwai also said that preparing for a healthy, secure and successful life upon retirement involved some sacrifices.
According to him, wise planning, not living beyond means, as well as monitoring and evaluating finances remained very essential in financial literacy.
The don identified crafting of financial vision, setting value-based, realistic financial goals, living within one’s pragmatic limit and getting financial wellness as the fundamentals of financial intelligence.
Prof Karwai also outlined home-based businesses such as agriculture/agro-allied ventures, estate/commodity/stock/forex/trade, educational and management consulting, and online businesses as side businesses ideas retirees could come up with after retirement.
The scholar explained that complexities of Nigerian’s socio-economic environment had made pre-retirement planning a top priority.
………………………………….
Public Affairs Directorate,
Office of the Vice-Chancellor,
Ahmadu Bello University, Zaria. (AHW).
Thursday, 22nd May, 2025.
