Banking Briefs
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TO engage children and youths in the rudiments of financial literacy, the First Bank of Nigeria Limited has joined the rest of the world in celebrating the 2016 Global Money Week. A statement from the bank explained that as part of its corporate sustainability and responsibility initiatives, it commenced the FutureFirst programme to empower secondary school students between 13 to 17 years with the knowledge of building fulfilling careers and financial literacy.
The 2016 Global Money Week holds from March 14 to 20, and this year marks the 5th anniversary of the annual event with the theme: “Take Part., Save Smart.” In alignment with the CBN Financial Literacy Day and as part of activities to commemorate the Global money week, First Bank adopted Harmony Secondary School, Lokoja, to teach the students the basics of money and empower them with the financial knowledge they need to be relevant in the world global economy.
Abdullahi Ibrahim, group executive, retail banking north, First Bank, who led the bank’s delegation to Harmony Secondary School, Lokoja, said the bank was firmly committed to the achievement of financial inclusion in Nigeria and would continue to work towards this aspiration by extending banking services to under-banked, businesses, communities and individuals across the country with our extensive network of branches and alternative service channels.”
The CBN Financial Literacy Day was designed as a core part of the ‘Framework for Financial Literacy in Nigeria’ aimed at ensuring financial inclusion for the unbanked. The Financial Literacy framework is also aimed at enabling the Nigerian population know, understand and develop the ability to evaluate financial products/services in the financial markets, thus decreasing the number of Nigerians that do not have access to financial services from 46.3 percent to 20 percent by the year 2020. In addition, financial literacy would enable financial service providers understand the needs of their customers, products and associated risks.
— Mar 28, 2016 @ 01:00 GMT
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