As part of activities to mark the 2015 global money week, the Central Bank of Nigeria, CBN, yesterday took its financial literacy campaign programme to schools in Abuja.
The Deputy Governor of the apex bank’s Corporate Services Department, Mr. Adabayo Adelabu, explained that the campaign was aimed at educating the young ones on how to inculcate the culture of savings and investment.
While teaching pupils of Government Secondary School, Wuse, Abuja on the topic “Growing Your Money,” Adelabu urged them to cultivate the habit of savings so that their deposits can yield interests. This was as he led them on the processes of account opening in banks as well as the benefits of operating a bank account.
The CBN Deputy Director went on to encourage the students to invest in insurance, co-operatives, stock market and real estate.
In an earlier remark, Principal of the school, Mr. Bala Mantu, had commended the apex bank for promoting financial literacy in schools, noting that the effort would go a long way in boosting the knowledge base of the students.
CBN Governor, Mr. Godwin Emefiele, had on Wednesday, in the course of his mentorship programme, said the bank would increase the financial capability of young Nigerians so that they can build and accumulate assets to secure their future.
While urging school children to take maximum advantage of the financial literacy program of the apex bank to start planning their future at an early stage, Emefiele asserted that as economic agents, they are expected to be financially capable, know their rights as responsible members of the society and have the capability to create sustainable means of livelihood for themselves.
He maintained that the apex bank was committed to creating an enabling environment that would produce people that are capable of positively contributing to the economic growth and development of the country.
The global money week, which is an initiative of Child and Youth Finance International, is targeted towards the promotion of economic citizenship among children and youths.
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