Home News Financial Literacy Day: NDIC urges students to imbibe saving culture

Financial Literacy Day: NDIC urges students to imbibe saving culture


By Chijioke Kingsley

Abuja (Sundiata Post) – The Nigeria Deposit Insurance Corporation (NDIC), has tasked students to imbibe a saving culture aimed at building financial prudency as a culture at their tender age.

NDIC in its proactive efforts drew the initiative as part of its corporate social responsibility (CSR).

The Financial literacy programme was conducted for secondary school students in Jos on Friday.

NDIC thought it fit to embark on the lecture as part of its activities to mark the 2023 Financial Literacy Day.

Students who attended the event were drawn from various secondary schools in Jos.

The theme of the fourth edition of the training was tagged “Plan Your Money, Plant Your Future”.

In an address to the students, the Deputy Manager and Media relations officer NDIC, Mr Alfred Ijah, explained that NDIC has been actively educating students about the value of efficient savings and money management.

This, he said, is geared towards promoting financial prudence, proper budgeting habits, and sound monetary decisions among the students.

Mr. Ijah advised the students to maximise theirggggg grasp of financial worth, the ability to make choices, investment planning, spending priorities, among other financial aspects.

On her part, the NDIC Manager, Ms Fyafa Ashasim, underlined the importance of comprehensive understanding of personal finance, distribution of financial decisions, and carrying out financial activities.

She indicated that the aim of setting aside such a day is to foster robust financial literacy among youths, starting from their early schooling years.

Meanwhile, the Chairman of the All Nigerian Confederation of Secondary Schools (ANCOPSS), Mr Christopher Ibadi, commended NDIC for collaborating consistently with the board to enhance the students’ grasp of financial literacy.

Ibadi urged the students to clearly differentiate their wants from their needs and to prioritize saving, either in bank accounts or other means, as a buffer for unforeseen circumstances.

“You can save for the future using a savings box as a group or using a bank which NDIC is there to secure for you”, she said.

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