FBN Merchant Bank Limited, a subsidiary of FBN Holdings Plc, has exposed young students to ways of obtaining financial stability very early in life.
The bank educated students of six secondary schools in specific regions in Nigeria on the importance of savings.
Chinwe Okpala of FBN Merchant Bank emphasized the importance of learning and understanding financial independence through saving from an early age.
She stressed the fact that saving can help youths prepare adequately for the future and if a saving culture is ingrained and developed from youth, it would nurture them into being financially stable and independent adults.
The programme delivered by FBN Merchant Bank exposed the students to the practical aspects of monetary transactions, savings, investment and financial responsibility.
The students were counselled on how to save money and encouraged to develop unique skills, which could help them earn better.
The event was done as part of the Bank’s commitment to inspiring the future by enhancing a culture of saving among youths, and delivered in commemoration of the World Savings Day, on October 31, 2017 in line with the Central Bank of Nigeria (CBN) financial literacy initiative.
The schools impacted include the Victoria Island Junior Secondary School and Government College Victoria Island in Lagos; Government Secondary School in Lugbe and Kuje, Abuja; and Government Girls Secondary School in Port Harcourt, and discussions were focused on the importance of imbibing a savings culture at an early stage.
The World Savings Day is a global event aimed at increasing awareness on the importance of saving as a path to financial empowerment and independence. It is celebrated in many countries and is aimed at increasing financial independence around the world.
Adesola Afolabi
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