Connect with us

Hi, what are you looking for?

News

Financial Literacy Day: Ecobank MD Mentors Students On Acquiring Right Skills; Personal Budgeting

In commemoration  of  this year’s Financial Literacy Day, Managing Director, Ecobank Nigeria, Patrick Akinwuntan took out time to mentor students and teachers at  Ahmadu Bahago Secondary School, Minna, Niger State.

Akinwuntan on the occasion stated that students should be thought and encouraged to imbibe the right skill at an early age to prepare them for choice jobs and also inculcate in them the necessary skills and ability to set up their own businesses. He also pointed out that financial literacy at an early age is a must for the younger population to be productive in future.

The Financial Literacy Day initiative is set up by the Bankers’ Committee through its Financial Literacy and Public Enlightenment Sub-Committee (FLSC) for children and youths in primary and secondary schools, public and private nationwide with the aim to educate them on financial literacy. Top management of the Bank went to different schools to tutor and mentor students and youths on basic money management skills.

In his presentation entitled: Learn. Save. Earn, the Ecobank Managing Director who was represented by Head, Corporate Banking, FCT/North, Isah Salifu enjoined the students to imbibe basic financial principles at an early stage of their life which will help them to manage their resources effectively in the future. He took the students through several topics such as needs and wants; money management techniques; budgeting; spending and saving; different types of financial accounts; merits of saving with a financial Institution; Important banking terms and regulators of the financial sectors, among others.

 The bank’s Managing Director, who also spoke on budget principles as a way to enhance financial planning said “budgeting can help you to distinguish between wants and needs. It is creating a plan for how you spend your money. Writing down how much you have and how much the things you need will cost, allows you to see what is left over for the things you want. It also stops your impulse purchases and help you to save.”

Responding, the Principal of the school, Alhaji Abdul Aliyu commended Central Bank of Nigeria (CBN) and Ecobank for choosing the school, stating that they would put to use what they were taught.  He noted that the “interactive session provided opportunity for the students and teachers to ask pertinent questions about financial literacy and its benefits”.

Over 80 students attended the training while three students were presented with prizes. On ground also was a team from an NGO, Ja-Nigeria Ltd, CBN partner in the project led by Mr Mavi Utomudo.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts

News

The second prosecution witness, PW2, Abdulrahman Arabo, in the ongoing trial of Paul Usoro, SAN, a former President of the Nigerian Bar Association, NBA,...

Business

The year 2020 has been a year like no other, no thanks to Covid-19 pandemic and the accompanying restrictive measures which unleashed a far-reaching...

News

The French government has launched a “massive and unprecedented” wave of measures to combat what it calls religious “extremism”, Interior Minister Gerald Darmanin has...

News

Justice A.M. Liman of the Federal High Court sitting in Ikoyi, Lagos has ordered the final forfeiture of the sum of N235, 451, 969.89(Two...

News

A group of members of the All Progressives Congress (APC) in Kano State led by Hussaini Isa Mairiga has called on the party’s national ...

You May Also Like

Politics

Indications have emerged that the National leader of the All Progressive Congress (APC) Asiwaju Bola Ahmed Tinubu may have shifted allegiance from his party’s...

News

Former Emir Of Kano, Sanusi Lamido Sanusi may have put his dethronement in March this year, as the traditional head of the ancient Northern...

News

Popular gospel act, Lanre Teriba aka Atorise is presently in an unstable condition following injuries he sustained during an attack in Lagos at the...

News

Good morning Gentlemen of the Press and thank you for honouring our invitation. Let me start by appreciating the Inspector General of Police, IGP...