CBN Advert


Business news

Fidelity Bank, CRC Credit Bureau Collaborate With FiBOP, Teach Students Financial Literacy

No Comments Share:

… Advises Students To Form Habit Of Saving

Photo caption : L-R: Representing, CRC, Credit Bureau Limited, Brand and Communications Manager, Osasikemwen Ighile; President, Finance and Business Online Publishers (FIBOP), Charles Onwuatogwu and Corporate Communications Dept., Fidelity Bank Plc, Dan Preston Nwaokorie at the Maiden edition of FIBOP, Mid-Year Summit 2024 on Financial Literacy themed “Financial Literacy in a Digital Era: Catching them Young” at Muson Centre in Lagos

Fidelity Bank and CRC CRC Credit Bureau at the weekend collaborate to educate over 100 students  and youths across Lagos schools through early-life money management tips.

The children from various schools, who in their numbers converged on the Muson Centre in Lagos,to defy the early morning downpour  and the mid-term break to be part of the epoch-making basic financial literacy class organised by the Finance and Business Online Publishers (FiBOP).

Delivering a lecture on the theme, “Financial Literacy in a Digital Era: Catching Them Young,”   Dr. Tunde Ahmed Popoola, Group MD/CEO of CRC Credit Bureau, who was represented by Osasikemwen Ighile, in an interactive session, drilled the children on how to start their life with prudence through the practical orientation of savings of the little money they get from their parents.

He urged  the students, who are between the ages of 12 to 18 years, to start planning their future financial independence, urging the kids to imbibe the attitude of keeping aside a fraction of their earnings through a gradual savings process which will eventually become a culture in their lives as they grow older.

Having realised that most of the students have interest in owning their own businesses as well as engaging in salary paying jobs,  Ighile, highlighted the significance of developing the savings habit early in life to enable them to fulfil their future ambitions.

She advised the students to start with saving part of their pocket money they receive from their parents and others. “That money you get on a daily basis when going to school as pocket money, try to save a little out of it. You can be saving such in the hands of your parents or you can have piggy boxes where you can keep that small amount,” she advised.

The CRC spokesperson underscored the importance of self-discipline, noting that no amount is too small to save.

Also speaking, the representative of Fidelity Bank, Dan-Preston Nwaokorie, challenged the students to imbibe the culture of financial discipline by setting aside some of the amount of money they get frequently even at their early age.

Photo caption : L – R: Representative of the Guest Speaker, Branding and Communication Manager, CRC, Credit Bureau Limited, Osasikemwen Ighile; President, Finance and Business Online Publishers (FIBOP), Charles Onwuatogwu and Representing Fidelity Bank, Corporate Communication Manager, Fidelity Bank, Mr. Dan Preston Nwaokorie, students from various schools and other participants at the Maiden edition of FIBOP, Mid-Year Summit 2024 on Financial Literacy themed “Financial Literacy in a Digital Era: Catching them Young” at Muson Centre in Lagos at the weekend.

Nwaokorie said financial responsibility is most needed by everyone including the young ones so that they will  live well planned fulfilling lives.

“When you are given pocket money by your parents, try to avoid buying what you may not need at that moment. By the time you train yourself on savings, it will become part of you in life even when you eventually start earning a salary as a worker.

“You divide your salary into three parts. 50 per cent should go to your needs. 30 per cent can go for enjoyment among others and 20 per cent for your savings every month,” he told the students.

Nwaokorie further encouraged the students to open, “Sweeter Account” managed by the bank specifically for children from where they can learn to grow their assets into bigger savings later in life.

“Savings is not about how much you have at hand, but is about discipline,” he explained.

Earlier in his welcome address, FiBOP President, Charles Onwuatogwu, said the aim of the programme is to expose the participants especially the young ones to the benefits of savings.

Onwuatogwu called on the Federal Government to include finance literacy and management into early school curricula so as to build the young ones on financial management and accountability in life especially in this digital era.

Other top lenders and organisations that partnered with FiBOP in this exercise include United Bank for Africa, UBA, Ecobank, Polaris Bank, Access Bank and Sterling Bank as well as the TinCan Island Port Command of the Nigeria Customs Service(NCS).

Previous Article

Food borne Illness: NAFDAC Calls For Institution Of Food Safety Culture

Next Article

Enugu Governor’s Wife Enrolls 1,701 Expectant Mothers on Health Insurance, Launches Mama Care Initiative

You may also like

Leave a Reply

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