Union Bank of Nigeria Plc. executives, including Emeka Emuwa, the chief executive officer, recently went to over 30 secondary schools across the country to lecture 3000 students on money matters as part of activities to mark this year’s Global Money Week and Financial Literacy Day (FLD).
The lectures themed ‘Money Matters Matter’ were mainly on the basics of money, savings, gaining employment and becoming entrepreneurs.
The bank’s head, corporate strategy and innovation, Lola Cardoso, and head, corporate affairs/ corporate communications, Ogochukwu Ekezie-Ekaidem, were also part of the team to the schools including African Church Grammar School, Abeokuta; St. John’s School, Jos; Kabe College, Awka; Al-Birr College, Damaturu and Yewa College.
At the African Church Grammar School, Abeokuta, Emuwa noted that one of the best approaches to driving financial inclusion is by engaging children and youths on the rudiments of savings in line with the Central Bank of Nigeria’s (CBN) financial literacy initiative.
- Bayobab,MTN Nigeria join forces to land longest subsea cable in Nigeria
- ‘Waiting for Godot’ on Nigeria’s economic progress
- Nigeria, Malaysia to collaborate on palm biomass development
- Arnergy secures $3m funding to expand renewable energy in Nigeria
- Nigeria fails to impress on customer service, survey reveals
He stressed the need for the students to imbibe the savings culture at a young age as well as encouraging them to learn to prioritize their needs over their wants in order to cultivate the very useful habit of saving.
Financial Literacy Day is a day set aside by the CBN during the Global Money Week (GMW) to focus on increasing the level of awareness of the youth on the importance of earning, managing and saving money in order to have a secure future.
Union Bank aligns with this initiative that is targeted at getting more young people to participate in the formal banking system in order to create financially savvy citizens who trust and can navigate within the Nigerian financial system and its various institutions.