As the rest of the World celebrates the World Savings Day, FBNHoldings, Nigeria’s most diversified financial services group through its subsidiaries; First Bank of Nigeria Limited, Nigeria’s Most Valuable Bank Brand and FBN Merchant Bank will join the rest of the world in celebrating the 2016 World Savings Day by engaging children and youths on the rudiments of savings in line with the Central Bank of Nigeria (CBN) financial literacy initiative.
The World Savings Day is a global event commemorated annually on October 31 to increase awareness on the importance of savings as a path to financial empowerment. It is also aimed at increasing the levels of financial literacy while boosting the financial inclusion drive of the CBN in terms of number of people that have banking relationship with financial institutions. This will ultimately culminate in a stable and sound financial eco-system and provide positive economic environment. The main topic for this year’s discourse is “The Importance of Savings in the Global Economy and How every Depositor contributes to its Development”.
According to FirstBank’s Group Head, Marketing and Corporate Communications, Mrs. Folake Ani-Mumuney, the Bank is firmly committed to the advancement of financial inclusion in Nigeria and would continue to work towards this aspiration by extending banking services to the under-banked, the un-banked, businesses, communities and individuals across the country with our extensive network of branches and alternative service channels.” Beyond this, we recognize that financial literacy is a key enabler in our quest for financial inclusion and that we must begin by ensuring that our children are properly empowered with a sound financial education. As the world evolves towards ensuring that every child has access to financial services, financial awareness through education, a reliable source of income, and the will to save, FirstBank is committed to assisting the Nigerian child and the young adult build a prosperous future by extending financial education and services to them early in life”, she said.
FirstBank will be collaborating with FBN Merchant Bank to adopt 11 schools across the nation to teach students the basics of money and empower them with the financial knowledge they need to be relevant in the global economy.