Nigerian students have been urged to inculcate the culture of saving to be financially disciplined.
Speaking at the 2023 Financial Literacy Day organized by the Nigeria Deposit Insurance Corporation (NDIC) to sensitize school children on financial knowledge, themed, “Plan Your Money, Plant Your Future in Ilorin on Monday, the Zonal Controller, NDIC, Alhaji Hamza Kangiwa, Alhaji Hamza Kangiwa, noted that financial literacy would instill an early understanding of the significance of building a solid financial foundation and achieving financial stability and success from a young age.
Some selected secondary schools in Ilorin, which included Queen Elizabeth Secondary School, Ilorin Grammar School, Baptist Secondary School, and Baboko Community Secondary and Government Day Secondary School, Oko-Erin, which participated in quiz competition on the NDIC, also went home with handsome rewards.
Alhaji Kangiwa, who encouraged the students on the importance of developing financial literacy as a life skill, sensitized the students on investment budgeting, emergency funds, saving for goal actualization, investment, and donating for positive societal impact, amongst others
He noted that financial literacy is vital for the achievement of financial stability and essential to ensure that everyone has the necessary tools to manage their finances effectively and achieve their financial goals.
Also, a staff of NDIC, Mr. Mohammed Isa, explained that the programme was an annual programme organized by the NDIC in its various locations across the zone.
“We target schools by catching them young. We encouraged them to inculcate a culture of saving.
“The essence of the programme is to let them know how to save money and have that financial discipline.
“Financial literacy is all about enlightening the people about their finances and how they can make use of it for their own betterment,” he said.
He said the agency has 10 zonal offices, with the Head Office in Abuja and Lagos.
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