NDIC organises capacity-building programme for Osun students

The Nigeria Deposit Insurance Corporation (NDIC) has organised a capacity-building programme for secondary school students in Osun to promote a culture of savings, financial literacy and wealth creation among young people.

The programme, held on Friday at Osogbo Grammar School, Osogbo, was part of activities marking the 2025 World Savings Day. Speaking at the event, the NDIC Assistant Director, Communication and Public Affairs Department, Mr Adegbenga Fabuyi, explained that the programme was earlier scheduled for last year but postponed due to clashes with secondary school examinations nationwide.

According to him, the initiative was designed not only to encourage students to save but also to equip them with entrepreneurial and investment knowledge that would help them build long-term financial resilience.

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Fabuyi said the 2025 theme, “Building Financial Resilience: This Is Not Just a Savings Account,” reflects the need to move beyond traditional savings to wealth creation through informed investment decisions. He noted that while saving in banks is important, youths must also understand how to grow their money through viable investment opportunities.

He warned against the growing “get-rich-quick” mentality among youths, stressing that sustainable wealth requires knowledge, patience and gradual growth. He added that students need to understand safe investment options, business opportunities suitable for young people, and how to avoid financial scams.

Fabuyi also described the programme as part of the Federal Government’s financial inclusion drive, aimed at bringing citizens across all sectors into the formal financial system. He emphasised that financial literacy is essential for effective participation in banking, investment and capital market activities.

He urged the participating students to serve as ambassadors of financial literacy by sharing the knowledge gained with their peers in their respective schools, noting that the programme adopted a “train-the-trainer” approach.

Also speaking, an official of the Public Schools Department of the Osun State Ministry of Education, Mr Abolarinwa Tunde, who represented the Commissioner for Education, Hon. Dipo Eluwole, and the Permanent Secretary, Alhaji M.A.K. Jimoh, disclosed that 200 students participated in the programme.

He said the participants were drawn from 10 public secondary schools in Osogbo and Olorunda Local Government Areas, with 20 students selected from each school to take part in the capacity-building exercise.