On Saturday 30th June 2018, Bestman Games Ltd and Fairplay hosted the first Monopoly tournament in Akure, Ondo State. The novel event held at Sunview hotel in Akure with 48 students from both primary and secondary schools participating.
According to Emmanuel Ojemen, director of Fairplay; “Fairplay was conceived and born out of the desire to teach and encourage financial literacy, sports literacy, the act of living, playing and acting right, as well as to strengthen the family unit. This we believe will make the world a better place”.
Some of the participating schools include Impact High Schools, Mabest Academy, Icons Comprehensive College, Emplace College and Royal Jewel International School, Akure. Other participating sponsors included Pro360, Ab Graphics, Homb Solution, Doctor Gbenga Adeleke, Mide Photography, Kid Castle, Chi Limited, etc.
The competition gave the students the opportunity to interact with one another while providing an avenue to learn about managing money through gaming. In the Primary school category, Oluwasesan Okikiola and Onyenkachi Chigozie of Royal Jewel International School came first and second respectively.
In the Secondary School category, Oreoluwa Falayi of Impact High School came first, Odunayo Afolabi of Mabest Academy came second and Solomon David of Impact High School came third.
“Financial literacy for children is vitally important to help them avoid the common financial pitfalls so many adults experience. Board games and other experiential activities are excellent ways to teach important money skills as they make learning simple and fun. It is never too early to teach children about money. It is important that they learn to differentiate between wants and needs and the value of saving money. If children are exposed to money matters from a very young age, this helps them to develop healthy money habits from early on and has significant implications for their future financial security” says Nimi Akinkugbe, CEO of Bestman Games.
It is also worthy of note that Bestman Games recently embarked on an ambitious project to establish Financial Literacy Clubs in schools that will form part of a school’s extra-curricular activities. Children will learn invaluable practical lessons in money management including earning, saving, investing, spending and giving, well before they step out into the world of work and entrepreneurship.