Cultivate Savings Culture — CBN To Youths

The Central Bank of Nigeria (CBN) has urged young students across the country to inculcate the habit of saving.

The apex bank gave the urge during a money savings teaching session for young students across the country in commemoration of this year’s global money week.

The students were educated on the importance of saving for the future, even in times of little income.

Head of the consumer education division of the consumer protection department in CBN, Chinyere Jane Nwubilo while addressing attendees at the event that was held on financial inclusion by the apex bank said without financial literacy children of young age will not be able to imbibe financial discipline.

The significance of global money week is an annual event celebrated all over the world.

The theme for this year of the programme is ‘Plan Your Money and Plant Your Future’. 

According to Nwubilo, the essence of the financial education session for the students is to educate them on financial discipline to enable them to acquire financial capability that will help them to have financial well-being. 

“We are trying to catch the children young to be able to save, to earn to invest at a very young age.

“And we are celebrating with the rest of the world and CPN is the coordinator of all stakeholders in this celebration.

“The essence is just to inculcate in them the act of saving.

“They can save from whatever little they have,” she stated.