The Nigeria Deposit Insurance Corporation (NDIC), has reiterated committment to enhance financial literacy among students at various institutions in the country.
Mr Bello Usman-Kaoje, the NDIC
Zonal Controller disclosed this on Thursday during a training programme organized by agency for students from different schools in Sokoto state.
Usman-Kaoje said the programme was part of the organisation’s Corporate Social Responsibility aimed at promoting financial discipline and saving attitude.
He said the training was in commemoration of 2024 Financial Literacy Day, with its theme, “ACT FOR HUMANITY” WORLD SAVINGS DAY.”
According to him, NDIC intended to use the financial literacy training programme to ensure that students of secondary schools in the country get information on how to generate, save and spend their monies appropriately.
Kaoje-Bello said, “NDIC has been mentoring secondary school students on the benefits of efficient savings and money management.
“The aim was to encourage financial prudence and management as well as encourage savings and proper budgeting habits among students.
“It was also to accelerate investment growth in the nation’s economy through financial literacy, resource management, budgeting, and saving culture.”
Usman-Kaoje also urged them to be wary of financial frauds, which mostly occur through online banking, Point-of-Service Operators (POS), and others, due to greed and eagerness to obtain cheap proceeds.
In his remarks, the Branch Controller of Central Bank of Nigeria, Sokoto, Mr Abubakar Bello, said commercial banks and microfinance institutions were available in the country with strict regulations on safeguarding deposits and financial transactions.
Mr Aliyu Omama, a Deputy Vommander of the National Drugs Law Enforcement Agency (NDLEA), Sokoto State Command cautioned students on the dangers of drug abuse and related transactions.
Speaking of behalf of the School Principals, Hajiya Aisha Ibrahim, described the event as beneficial and urged the students to take advantage of the event to change their attitude toward saving money.
The Newsmen reports that the participating schools included Government Girls Secondary School Sokoto, Government Girls Secondary Rabah, and Government Girls Unity Secondary School Bodinga.
The event featured lecture presentations, questions and answers on various financial issues and likely frauds and others.
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