Friday, November 26, 2021 / 5:30PM / FCMB / Header
Image Credit: FCMB
Nigeria's leading lender, First City Monument Bank (FCMB), has redoubled
efforts to ensure young Nigerians are free from poverty. This time, the bank
invested in another round of financial literacy training for hundreds of
secondary school students in seven states across the country.
training, which formed part of the activities organised in partnership with the
Central Bank of Nigeria (CBN) to commemorate the 2021 World Savings Day, seeks
to secure their future and guarantee them freedom from poverty. It focused on
guiding the students to imbibe financial principles early in life, ensuring
they grow up to become responsible citizens who will know how to make their
money work for them.
on the significance of the World Savings, Group Head, Corporate Affairs at
FCMB, Mr Diran Olojo, said: "We want our young ones, who are the hope and
future drivers of Nigeria, to understand the prudent management of resources.
They require this skill to secure their future. Therefore, we will continue to
champion and execute initiatives that would fast-track financial literacy and
inclusion because this is one of the most effective ways to empower students
and Nigerians at large towards building a better society."
Group Plc, led by the Group Chief Executive, Mr
Ladi Balogun, stresses the need for
Nigerians to have money management skills such as budgeting, saving, and
investing because it guarantees financial security and freedom.
of secondary school students in Anambra, Bauchi, Cross River, Edo, Enugu, Lagos
and Osun states benefitted from the training this year. Top officials of the
bank tutored them on topics ranging from prudent management of resources, appreciation of
how money works and how it can be channelled to productive
Savings Day is set aside by the international community to promote knowledge
and understanding of
students as well as the populace on the importance of savings, financial
control, planning and other economic issues to the development of
individuals and society.
FCMB has participated in World Savings Day commemorations since 2015. Apart
from investing annually in setting students in their thousands on the path of
financial freedom through money management training, the bank has developed
Flexx Account and Flexxzone value propositions to enrich the lives of young
account is a savings account designed for students, youth corps members, and
professionals aged 18 to 30 to access banking solutions in a fun and convenient
way. It allows lodgement of dividend warrants of up to â‚¦20,000, access to loans for qualified youths, and entrepreneurship
and employability forums.
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