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Thursday, 6 April 2017

Ecobank MD Lauds Financial Literacy Day Initiative

The Managing Director, Ecobank Nigeria, Charles Kie, has lauded the Financial Literacy Day initiative saying it would go a long way to sensitizing and educating pupils and youths across the country early in life on financial matters.


The Financial Literacy Day is being jointly organized by the Central Bank of Nigeria (CBN) and Junior Achievement Nigeria (JAN), in partnership with Bankers Committee. It is celebrated annually as part of the Global Money Week.

According to Kie, the programme is playing a vital role in the financial inclusion strategy of the apex bank, stressing that, apart from learning savings culture, the students would also know about money management in general.

“This whole idea of setting aside one day in a year to tutor students and youths on financial matters is quite welcoming.  This will enhance their financial skills and planning.  Apart from a life time impact, it would also facilitate financial inclusion of the un-banked.” He stated.

In all, Ecobank top management staff taught students in schools spread across the six geo-political zones of the country. During the teaching session at Government Girls Unity College, Damaturu, Yobe State, Cluster Head, Personal Banking, advantage segment,  Borno/Yobe, Ecobank Nigeria, Babagana Kyari advised the students on the need to imbibe savings culture and investment.

Kyari, took the students through what financial literacy entails; like saving your money; budgeting, how to grow money and how to save money as a student, among others

He emphasized that “To become financially independent, you must learn as much as you can about financial literacy and your economic rights and responsibilities. Save as much as you can by setting savings goals and sticking to them to earn as much as you can by working hard to maintain good grades and developing skills in high demand by present and future employers.”

He further commended the attention and enthusiasm displayed by staff and students of the school during the lecture.

The Vice Principal of the school, Habu Yakubu commended Ecobank for choosing the school and in particular, CBN and JAN for initiating the programme.

He made a case for continuity of the initiative, saying that the lecture has gone a long way in widening their knowledge of finance and investment.

He further appealed to Ecobank to help address the infrastructure challenge in the school.

The Global Money Week is a money awareness celebration that takes place in March every year. It engages children globally in learning the concept of savings and investment. During the period, financial institutions’ chief executives and top management visit, teach and enlighten students from selected schools using a module of  Financial Literacy curriculum specially designed by Junior Achievement Nigeria which focuses on educating children about their economic environment.




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