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  • Business - Companies
  • Updated: November 18, 2022

Enugu: NDIC Trains Students On Savings Culture

Enugu: NDIC Trains Students On Savings Culture

Secondary School Students in Enugu State have been trained by the Nigeria Deposit Insurance Corporation (NDIC) on the need to imbibe financial discipline and a culture of saving.

The corporation trained the students while commemorating the “2022 World Saving Day” on Thursday in Enugu with the theme: ”Savings Prepares You For The Future.”

Speaking at the event held at the Post Primary School Management Board (PPSMB), Enugu, Michael Okpara, the Assistant Director, NDIC, Enugu, said the programme is part of the government's initiatives towards achieving its financial inclusiveness.

According to him, the aim of the training is to promote sound financial literacy among youths, beginning with elementary schools and others.

He also explained that It is also created to increase public awareness of the importance of savings both for modern economies and for individuals alike.

“Specifically, World Savings Day is designed to sensitise students in secondary schools on the culture of savings, financial management and entrepreneurial skills.

“For this reason, the management has approved the hosting of the programme for 100 students in each location of the Corporation,” Okpara said.

Speaking on the theme, Okpara urged students to create a budget, track their spending and save for their future.

He also admonished them to distinguish between their needs and wants as well as save their money in banks for the rainy day.

The Executive Chairman, PPSMB,  Favour Ugwuanyi, while welcoming the NDIC delegation, called on the students to pay attention to whatever they would be taught.

She stressed that few students were selected so that they would share the knowledge with others.

“Listen attentively, document the teachings and spread it to others who are not here.

"I am sure that you will not disappoint us.

“Governor Ifeanyi Ugwuanyi is proud of you and your action will determine the kind of remark NDIC will give us when they go back,” she advised.

On his part, Ezekiel Onah the Director of Schools Supervision, PPSMB, said the training would complement what they had been teaching students in Enugu State.

He explained further that the training would make their banking and insurance experts, adding that saving was very important for them to live a meaningful life.

“I believe if NDIC continues on with what they are doing, trying to catch them young and groom them, there will be stability in the financial market,” Onah said.

A student, Ogochukwu Ezechukwu, from City Girls Secondary school, Enugu,  expressed joy over the training, saying, “We have learnt a lot, especially on how to save and become good financial managers.”

 

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