CBN rounds-off Global Money Week Activities
The Central Bank of Nigeria (CBN) has concluded activities it lined up to mark this year’s Global Money Week with the Financial Literacy Day/School Mentoring and Reach-out Programme held at two public schools in the Federal Capital Territory (FCT).
Delivering a lecture entitled: “Growing Your Money”, at the Junior Secondary School, Wuse, the Deputy Governor, Corporate Services, Mr. Adebayo Adelabu, encouraged the students to imbibe the culture of saving in order to be able to grow their money and guarantee a secure financial future.
Mr. Adelabu, who represented the Governor, Mr. Godwin Emefiele, stressed the importance of saving, investments and insurance, noting that these were key instruments to attaining self-sufficiency as individuals and a country.
He therefore charged the students to cultivate the habit of saving and investment in order to entrench robust personal financial independence in future.
Similarly, the Deputy Governor in charge of the Financial System Stability Directorate, Dr. Okwu Joseph Nnanna, who represented the Governor at Government Secondary School, Garki, Abuja, urged the students to keep their money in banks to reduce the risks of theft and unnecessary spending and also allow the money to grow.
He urged the students to take full advantage of the lecture by embracing the opportunities offered by the financial system in the country at a young age.
Fielding questions from the students, the Deputy Governors used the opportunity of the sessions to expatiate on the Bank’s cash-less policy and financial inclusion, emphasising that the CBN and the Nigeria Deposit Insurance Corporation were determined to ensure that the money saved in the banks are secured.
Speaking at the occasion, which was organised by the Consumer Protection Department of the Bank and Junior Achievement Nigeria, a non-governmental organisation, the principals of the respective schools, who represented the Secretary of the Universal Basic Education Commission (UBEC) in the FCT, expressed appreciation to the Bank, urging it to contribute more to the development of education in the country.
Global Money Week is a worldwide celebration aimed at empowering youth and children with the requisite skills to be confident, responsible and economic citizens.