Family responsibilities are a reality for many Nigerians. Someone may earn ₦200,000 and immediately have parents, siblings or relatives asking for assistance. Helping family is important, but where should someone draw the line? Should you first establish an emergency fund and savings before ...Read more
Fokona Latest Questions
Not everyone receives a fixed salary. Some Nigerians are freelancers, traders, artisans, content creators, business owners or commission-based workers. If someone’s income is ₦200,000 one month and ₦70,000 the next, using a fixed savings amount may not work. Would saving a ...Read more
Getting your first salary is exciting, especially when you have been waiting for months to finally have your own money. But I think the first salary can also establish financial habits that follow someone for years. Should someone save a percentage, ...Read more
“I have a small and irregular income. I’m a village farmer, and farming sometime is mostly about survival and taking care of basic needs. Some months I may make money, while other months I may make very little or nothing. ...Read more
“I have a small and irregular income. I’m a village farmer, and farming sometime is mostly about survival and taking care of basic needs. Some months I may make money, while other months I may make very little or nothing. ...Read more
I’m learning more about saving, investing and managing money, and I’d love to hear from people with more experience. What is one money lesson you wish you had learned earlier in life, and why?
Why are employees charged personal income tax?
If you suddenly lost your only source of income today, how many days could you survive financially without borrowing money?
I am an EYFS teacher in Abuja. Many parents ask me about the cost of teaching letters at home. From my experience, parents spend between ₦5,000 – ₦20,000 yearly on books, worksheets, and printouts. I created a free A-F tracing + ...Read more