By Kayode Tokede, Lagos
Based on the need to support Central Bank of Nigeria (CBN) financial inclusion, Heritage Bank has impacted over 1,000 schools across the country with financial education, an initiative the financial institution also considers as a corporate social responsibility (CRS).
The Heritage Children Banking Month, which activities will directly impact a minimum of 350 primary and secondary schools nationwide this year, is in recognition of the pivotal role children play as the leaders of tomorrow.
This is coming on the heels of the commemoration of the May 27 to mark Children Banking Month, with the theme, “Early Positioning for Global Relevance,” which is part of Heritage Bank’s children financial literacy initiative.
In a statement made available to the media, the bank highlighted the importance to educate children on the cashless policy by showing them how prepaid card transactions work and how to use ATM cards to deposit and withdraw.
Speaking on the importance of the celebration, the managing director of the bank, Ifie Sekibo stressed that for early positioning of one’s children for global and local relevance, there was need for parents to teach children on prioritise saving over spending, which is a valuable life lesson, one that takes time to learn.
According to him, opening a savings account for your child is one of the best ways to introduce that concept at an early age. “Walking into a branch office is a good way to help your child become familiar with routine transactions involving his or her account.