Ecobank Takes Financial Planning Education To Schools
Caption: A cross section of students and officials of Ecobank Nigeria and Junior Achievement Nigeria (JAN) during the financial literacy training session at the Comprehensive School Management and Technology, New Layout, Abakaliki, Ebonyi state last week
Ecobank Nigeria last week embarked on financial education for Secondary School students across the country on personal financial management, particularly savings, budgeting, and investment, to commemorate the Global Money Week (GMW).
Tutoring the students of Comprehensive School Management and Technology, New Layout, Abakaliki, Ebonyi state, for example, Managing Director of the bank Bolaji Lawal, defined saving as “the act of putting money aside for future use. There are different ways to save, like putting your money in a savings box, through savings groups, but the recommended way is in a bank account. You can save for short-term goals such as buying clothes, buying books or long-term goals such as going to university, buying a car, etc.”
Lawal, who was represented by the Branch Manager, Abakaliki, Chris Igili, spoke on various investment avenues such as stocks, bonds, and real estate, noting the need to align choice of investment with financial plans.
The interactive session saw the students and staff asking questions on how to earn and make money, the various investment channels and the need to donate for positive social impact amongst others. He emphasized that sound financial planning guarantees a fulfilling future.
The 11th edition of GMW with the theme, “Plan your Money, plant your Future,” which held between March 20 and 26, saw other senior management staff of Ecobank Nigeria tutoring and mentoring students across several schools in major cities across the country, including Lagos, Ibadan, Abuja and Yenagoa.
Global Money Week is an annual global celebration initiated by Child & Youth Finance International (CYFI), with local and regional events and activities aimed at inspiring children and youths to learn about money, saving, creating livelihoods, gaining employment and becoming entrepreneurs. It is also aimed at empowering the next generation to be confident, responsible and skilled economic citizens.