The managing director, Ecobank Nigeria, Mr Charles Kie, has said that early adoption of financial principles is the panacea to success, advising students and youths to imbibe financial principles at an early stage of their life as this will help them manage their resources effectively in the future.
The Ecobank chief stated this during a lecture session with students at Edgerley Memorial Secondary School, Calabar, Cross River State on the theme “Money Matters” as part of activities of the bank to mark the financial literacy week reiterated that Ecobank’s financial inclusion strategy focuses on young people, who are the future of our society.
He said:“To become successful in future, you need to be financially literate by developing skills of budgeting and saving, make good financial decisions and use financial institutions to manage your finances. You have to open a bank account for your expenses and savings and it is also important you find and learn from financial mentors.”
‘‘For us at Ecobank the ability to reach out to the young ones by encouraging them to adopt banking services, while also tutoring them on the various advantages of banking is at the centre of our financial inclusion strategy”.
Represented by the regional manager, Advantage Team, South-South, Ecobank Nigeria, Godwin Eton, Kie further took the student through a session of basic money management skills; needs and wants; money management techniques; budgeting; spending and saving; different types of financial accounts; merits of saving with a financial Institution; Important banking terms and regulators of the financial sectors, among others.
Ecobank Nigeria took part in financial literacy training for different schools across the country as part of its commitment to the 2018 Financial Literacy Day meant to mark the Global Money Week held between March 12 and 18. Top management of the Bank went to different schools to tutor and mentor students and youths on basic money management skills.
The Financial Literacy campaign is an initiative of the Central Bank of Nigeria (CBN) and Junior Achievement Nigeria (JAN), in partnership with Bankers’ Committee.