The Group
Managing Director and Chief Executive Officer, Skye Bank Nigeria Plc., Tokunbo
Abiru, has advised Secondary School students to imbibe savings culture while
they are still young, as this will guarantee their future.
He gave the
advice while delivering a lecture at a one day seminar at Government Day
Secondary School, Shadawanka, Barracks, Bauchi.
The Seminar,
facilitated by Skye Bank Nigeria Plc., was to mark the 2017 Global Financial
Week organized by the Central Bank of Nigeria(CBN) in collaboration with Junior
Achievement Nigeria (JAN).
The
Global Financial Week is a week chosen by CBN and JAN to share ideas for the
younger generation at this moment to understand what it takes for them to plan.
Represented by
Hedima Manasseh, the Bank's Group Head, Northeast, Tokunbo Abiru, said that the
financial week celebration is aimed at getting the younger ones early and
giving them financial knowledge and to also encourage and motivate them to
save.
"A lot of
people are not aware of the importance of savings" he said. "For our
children, especially at this level, if they understand the importance of
savings, it will help them a great deal as they put in money no matter how
small they are being encouraged, as they grow up, they will do better and at
the end of the day, their retirement is guaranteed.
"This
will help them shoulder some of the unforeseen circumstances that may arise in
their life and many other benefits of savings.
"All we
as a bank are out to do in collaboration with the CBN is to encourage them to
have this financial knowledge on how to be able to manage their lives."
The GMD/CEO
stated that what the students have learnt will help them organize and plan
their lives at this early stage so that they can confront the challenges of the
future.
He added
that if they learn how to save at this stage no matter how little and they
maintain it over time, they will become financially independent.
"I am
fulfilled and satisfied at the response of the students during the seminar. I
was highly impressed with them because they asked thought-through and
insightful questions which showed that they know what they want," he said.
The Principal
of the school, Shehu Alhaji, said he was happy and excited that his school was
chosen as one of the schools to benefit from the seminar.
The Head Boy
and Head Girl, Aliyu Babaji and Felicia Joel respectively, who spoke separately
on behalf of all the students were unanimous in their appreciation to Skye Bank
for the knowledge they impacted in them during the seminar.
They said they
have learnt how to start saving money now and have also been motivated to be
financially literate saying that "we have learnt how not to spend all the
money we get but to save a little from it.
Highlights of
the event was the presentation of financial literacy books to the best
interactive students during the seminar.
The total
number of schools that benefited from the financial literacy seminar under the
aegis of Skye Bank Plc. is 30 spread across the 6 geo-political zones of the
country.
Skye Bank is
one of the eight banks described by the regulatory CBN as a Systematically
Important Bank (SIB), on account of its size, market share and financial
interconnectedness in Nigeria and the West Africa sub-region
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