Diamond
Bank Plc has carried the message of financial awareness and planning to the
classrooms of Secondary Schools. This time it was Henry Alex-Duduyemi Memorial
College (HAMEC), Ile-Ife, Osun State.
The
initiative is part of activities to commemorate the Global Money Week and boost
financial literacy among the youth. According to the Bank, the awareness
campaign is in-line with the policy of the Central Bank of Nigeria aimed at
sharpening financial understanding and teaching the students how to get increased
value for their money through savings and investment.
The
Financial Literacy Day is aimed at increasing access to finance, propagating
knowledge in fiscal management and bringing the unbanked to the banking system.
Addressing
the students, the bank officials said the awareness campaign was informed by
Diamond Bank’s commitment to building capacity among the youths and making them
to appreciate the value of building financial capacity through savings,
investment and reinvestment.
Standing in
for Uzoma Dozie, Diamond Bank CEO, Akinleye Ogunleye, Regional Manager, Ibadan
Region, told the young students that effective management of their finances in
adult life begins now, noting that the lessons were designed to instill
financial awareness in them so they can manage money wisely when they become
adults who will be responsible for the country’s economic activities.
He spoke on
the following topics: How to Grow Money, Differences between Financial
Institutions and Non-Financial Institutions, Different Types of Investment and
The Benefits of Having a Saving Culture.
In his
address, Oluseye Thomas, Business Manager, Osogbo Branch, said that students
who imbibe financial training make better monetary decisions compared to those
who do not have such knowledge, stating that those who have better financial
knowledge live better lives than those who don’t.
“There are
many students that do not understand how to make their money grow because they
have not been taught how to make wise financial decisions in their younger
years.” He consequently encouraged parents to open accounts for their children
from their infant years and allow them manage the accounts when they become
teenagers.
The
Principal of the school, Mrs Deborah Akinpelu, while thanking Diamond Bank
noted that the enthusiasm of the students has validated the fact that training
future leaders require collective efforts and discipline.
She said:
“We believe that the learning garnered during this visit will go a long way in
preparing the students for the future. The Bank officials have been able to
interact successfully with the students and this shows that moulding tomorrow’s
leaders is a collective endeavour and that even bankers can make good
teachers.”
Speaking on
behalf of the students, Oluwaseun Omotoso, Head boy of the School, said that
the lessons have broadened their horizon and hoped to continue to spread the
message of how to invest their money so it doesn’t lose value due to inflation.
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