Heritage Bank advises students on interest in money management skills

Heritage Bank has advised students to take full advantage of the Financial Literacy Campaign being championed through partnership between the Central Bank of Nigeria (CBN) and other banks in the country to become adept at growing and managing wealth from their formative ages.

According to the bank, the emerging global economic realities have made it imperative for the leaders of tomorrow to have unparalleled skills in money management matters.

Speaking to senior students of the National Comprehensive Secondary School in Oji Avenue, near Glass Industry Road, Ogbo Hill, Aba, Abia State, during the recently held 2015 Financial Literacy Campaign as part of the Global Money Week activities, Kikanwa Akpenyi, the bank’s customer experience and analytical officer, said the intention of the CBN in launching the Financial Literacy campaign was to teach children and young adults financial responsibility as well as create a more enabling environment where students can understand what happens in banks where their deposits are lodged.

“The need to be prudent has never become more important than now. The young generation need to learn, as a matter of compulsion, why it is important to be knowledgeable about where they keep their funds. So, financial management, money management, savings, how to spend, how to be prudent are basically the things that are needed to be able to live a successful and fulfilled life as an adult; these are the things that are taught during the financial literacy sessions.”

She noted that the initiative prepares the children for the future as they learn and develop skills that prepare them on how to manage needs and wants so as to become more prudent and able to make more choices when it comes to finances.