FirstBank partners NAPSS to boost financial literacy

As part of its continued drive to boost financial literacy and empower entrepreneurs in the private sector, First Bank of Nigeria Limited has partnered the National Association of Proprietors of Private Schools (NAPPS) to provide financial management education for proprietors of private schools at the recently concluded NAPPS retreat.

The three-day retreat tagged “Effective Empowerment of Schools through Collaborative Building Capacity and Leadership” focused on collaborative building of organisations, a shared responsibility of all schools and how to translate it into building of individual school for growth and development.

According to Folake Ani-Mumuney, First Bank’s spokesperson, we believe that entrepreneurs are at the heart of national development, contributing greatly to the gross domestic product of our country. It is on this premise that we have partnered NAPPS to drive the development and acquisition of entrepreneurial skills by private school proprietors, budding entrepreneurs in the educational sector as well as reskilling of established entrepreneurs.“We put our customers at the heart of our business as part of our ‘You First’ ideals to drive sustainable finance, empower the citizenry and grow the economy,” she said.

Also speaking, Adebimpe Ihekuna, head of consumer banking products, First Bank, said as Nigeria’s leading financial institution, “First Bank is focused on empowering entrepreneurs towards capacity building and development to contribute to the growth of our economy in providing employment to people,” adding to our GDP and repositioning the national economy for sustained growth.

“This is why we have delivered a presentation on Book Keeping, Accounting & Cash flow Management at the retreat aimed at up skilling private school proprietors to effectively manage the administrative issues attendant to their businesses,” she said.

Commenting on the partnership, the president of NAPPS, Yomi Otubela said the association was delighted to have partnered with First Bank in enabling participants at the retreat develop requisite skills in school business using collaborative building capacity. “We are optimistic that the training provided will help address the administrative problems as well as corporate governance issues of schools,” he said.