As Nigeria joins the rest of the world to mark this year’s Global Money Week (GMW), SunTrust Bank has taken students of Lagos State secondary schools to class for financial education.
The bank celebrated this year financial literacy day by engaging students’ and youths on the rudiments of financial knowledge.
Gbara Community Senior Secondary School, Ajah-Jakande, Lagos, was one of the schools visited on Thursday by the bank officials to commemorate the annual financial event.
The training section anchored by the bank has no fewer in attendant than 120 participants from the school senior secondary clsses.
While tutoring the student on the need to imbibe saving culture early in life, the bank Head of Operations, Mr. Esekheigbe Damien, tasked the students to start saving early, but noted that if they are not up to 18 years old, their parents or Guardian can do that on their behalf.
He also, tasked them to be more studious and ensure they pass their academic exams well, in order to prepare properly for the future, adding that equipping themselves with skills will also distinguished them among their pears.
He charged them to be smart in their financial savings, “You must give yourself a specific target while saving, being realistic in your savings and must be action oriented by ensuring you follow the set target”, he explained.
In order to achieve your savings target, you must also be realistic in your savings and being truthful to yourselves about a particular amount you can afford to save daily or weekly is crucial to your financial freedom.
“To become financially independent, Damien tasked the students to learn as much as possible about financial literacy.”
Meanwhile, the Central Bank of Nigeria (CBN) is working in collaboration with 29 financial institutions and Junior Achievement Nigeria (JAN), and has directed chief executives of banks across the nation to, on the stated date, visit over 800 schools in the 36 states to teach financial literacy curriculum provided by Junior Achievement Nigeria.
According to the central bank, over 80,000 students would be impacted through the cutting-edge curriculum provided by JAN which it said is based on the theme of this year’s Global Money Week “Learn, Save, and Earn” which runs from Monday March 27 to Sunday April 2, 2017.