The Nigeria Deposit Insurance Corporation has encouraged students to develop the habit of saving money in licensed banks as a way of securing their financial future.
The call was made during an event organised to mark World Savings Day at Capital City Secondary School. The programme was aimed at educating young students on the importance of saving and responsible financial management.
Speaking during the enlightenment programme a manager in the communications department of NDIC, Phoebe Ugot, explained that the initiative was designed to teach students the value of saving money from an early age.
Addressing about one hundred students selected for the programme she advised them to save money given to them by their parents relatives and friends instead of spending it on unnecessary items.
She however warned students not to steal money from their parents in the name of saving but rather keep aside money they legitimately receive or earn during holidays. According to her such savings should always be kept in banks licensed by the Central Bank of Nigeria to ensure safety.
Ugot also encouraged students to acquire useful ss that could help them earn extra income during school holidays which they could later save for future needs.
The Secretary of the Anambra State Post Primary Schools Service Commission, Benedicta Anago, who represented the state Commissioner for Education, praised the NDIC for organising the programme. She said encouraging students to save money would help them grow into responsible adults.
Also speaking at the event the Enugu Zonal Director of NDIC, Chidi Nwankwo, explained the importance of saving money in banks rather than keeping cash at home where it could be lost or stolen.
The principal of the school, Amaka Onyeka, thanked the Anambra State government for selecting the school to host the awareness programme.
Students who participated described the event as an eye opening experience that encouraged them to open bank accounts and gradually save money for the future.
The programme was held under the theme Beyond Savings Building Financial Resilience and aimed to teach young Nigerians how to earn save and invest responsibly.
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