9 Payment Service Bank (9PSB), a leading digital payment service
provider committed to advancing financial inclusion in Nigeria, observed World
Savings Day 2024 by conducting a financial literacy and mentorship programme
for students at Fountain Heights Secondary School in Surulere, Lagos.
This initiative
aligns with the Central Bank of Nigeria’s (CBN) directive for all financial
institutions to implement financial literacy programmes aimed at students,
youth, and the public. The goal is to instill a culture of financial
discipline, savings, and prudent money management practices among Nigerians.
At the event,
Tolani Jemi-Alade, Chief of Business Planning, Operations, and Resources at
9PSB, addressed the students, underscoring the importance of cultivating
positive financial habits, particularly considering economic uncertainties. She
stressed the need for young individuals to integrate into the formal financial
system, stating, "We encourage every young person with a regular income to
open a bank account as an essential step towards financial independence and
savings for future needs. Money is necessary for day-to-day transactions and to
manage unforeseen circumstances. Early planning is crucial, as these needs are
inevitable."
Tolani further
highlighted the significance of World Savings Day, as championed by CBN, which
aims to raise awareness of financial literacy and promote a culture of saving,
particularly among students and youth. She emphasized the importance of
understanding and leveraging formal financial services for long-term financial
security.
Oladimeji Saka,
Lead for Retail Banking and Customer Acquisition at 9PSB, echoed these
sentiments, noting that financial literacy should begin at an early age. He
advised that parents play an instrumental role in guiding their children
through transitional stages to adulthood, equipping them with the necessary
financial knowledge to manage their finances responsibly.
In his remarks,
the Vice Principal Academics, Mr. Romanus Emegwakor, who represented the
Principal of Fountain Heights Secondary School, expressed his gratitude to 9PSB
for their commitment to empowering students with financial knowledge. "We
are extremely appreciative of 9PSB for this invaluable financial literacy
programme. It is crucial for our students to understand the significance of
financial discipline, and we believe this initiative will help them develop the
necessary skills to make informed financial decisions in the future," he
said.
World Savings
Day is an annual global campaign dedicated to educating individuals,
particularly the youth, on the importance of prudent financial planning and
saving through formal banking systems.
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