Polaris Bank Champions Financial Literacy

In celebration of the 2025 edition of Global Money Week (GMW), Polaris Bank took its financial literacy advocacy to NANA College, Warri, Delta State, where students received firsthand insights on money management, saving, and investing.

The event, held within the school premises, witnessed an impactful engagement led by The group head of Polaris Bank, Andrew Komori, who represented the MD/CEO at the event. Addressing a hall packed with enthusiastic students and faculty members, Komori delivered a compelling lecture on financial literacy, emphasising its critical role in shaping a secure and prosperous future.

He explained that financial literacy is not just about knowing how to spend money, but understanding how to make informed decisions, avoid debt traps, and build long-term wealth.

According to him, “Financial literacy empowers you to take control of your future. It is a life skill that helps you plan, protect, and grow your money wisely.” One of the highlights of the session was Komori’s explanation of the fundamental difference between saving and investing.

Using relatable examples, he illustrated that saving involves setting money aside for short-term needs or emergencies, often in a bank account, while investing is the act of putting money into vehicles like stocks, mutual funds, or businesses with the expectation of generating returns over time. He urged the students to develop both habits early, noting that each plays a vital role in achieving financial stability.

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He further emphasised that saving is important, but investing is what will set individuals up for long-term financial success. Komori also stated that achieving financial freedom requires a combination of earning, saving, and smart investing.

Madamedon, the principal of NANA College, thanked Polaris Bank for facilitating the event, saying, “On behalf of the entire school, I would like to extend our heartfelt appreciation to Polaris Bank for investing in the future of our students. This session has equipped them with vital skills that will serve them throughout their lives. Financial literacy is key to success, and we are grateful to be a part of this initiative.”

Onakufe, the vice principal, also expressed her gratitude, adding, “We are excited that Polaris Bank chose our school for this important event. The knowledge shared today has already sparked conversations among our students, and we believe this will have a lasting impact on their financial decision-making as they grow into adulthood.”