The Nigerian capital market operators as well as key financial institutions in the country have challenged youths across the country to take self-development serious, as this would enhance earnings and savings abilities.
At the Global money week celebration with theme “work, earn, save” at the Nigerian Stock Exchange (NSE) last Friday, supported by Access Bank , First Bank and others, the over 200 students from various secondary schools across Lagos state, received education on how self- development, boosting earnings potentials, and savings.
Pai Gamde, Head, Corporate Services Division, the Nigerian Stock Exchange (NSE) in her opening address said that global money week is of strategic importance to economic development of youths and global wealth creation and management, as it focuses on teaching children to know how to create and manage wealth for developmental purposes.
She said that the theme of the event learn earn and save, adding “If you don’t learn, you will not earn and if you don’t earn, you will not save” all these will enhance money management skills for the future.
She said that the global money week celebration of the exchange aims to prepare Nigerians youths to position their future for national economic development.
She said that the NSE over the years has sustained boosting financial savvy of students and youths through various educative initiatives including, the NSE Essay Competition, which began in the year and has inspired over 37,000 young people in more than 7,000 schools across Nigeria.
“Our other financial literacy initiatives include school excursions to the Exchange, NSE ,Adopt-A-School initiative, school outreach programmes, financial literacy workshops and of course platforms such as the Global Money Week” Gamde said.
She said that the global theme for 2017 is ‘Learn. Earn. Save’, is the simple step by step approach to being financially included. To be financially included, one must therefore Learn, Earn, Save, Invest, Save More and Reinvest.
Adetokunbo Elliot, Youth products Manager, First Bank Limited said that First bank is particular about financial development of children, and this informed development of accounts from zero age to 24 years.
The three kids’ accounts of First Bank, Elliot said, targets children from birth to 12 years, under Kids first Account, and on attaining age of 12, the account holder will migrate to Me First Account, and on attainment t of 18 years, the account will further migrate to explore first account.
All the three accounts, Elliot said were designed by First Bank to start children on sound financial level from birth, through to developments from childhood to adulthood, offering unique packages and benefits that go with every stage of the kids accounts.
Ayodeji Akinbobola, of Access Bank in his presentation urged the students to always explore means of gaining financial education, opportunity offered by Access Bank’s young savers club.
“Anytime you are spending, you are transferring ownership of your money to another person. Access bank early savers club, a financial literacy club, which is operational in many schools, he said “will give you an insight on how to spend wisely to make more from investing what you should have wasted.