NDIC trains 400 pupils on financial prudency, literacy in Ogun

The Nigeria Deposit Insurance Corporation (NDIC) has trained about 400 students drawn from different public and private secondary schools in Abeokuta, the Ogun State capital on financial prudency and literacy.

According to official statement from NDIC, the training, which took place in the CBN Building at Lisabi Grammar School, Abeokuta was held in commemoration of the 2023 World Savings Day, with the theme: “Conquer your tomorrow through Savings”.

Speaking at the knowledge sharing programme, Mohammed Lawal, Controller, Abeokuta Zonal Office of NDIC, said the programme was part of the NDIC’s Corporate Social Responsibility (CSR).

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Lawal, represented by Elvis Oyakhilome, the
Principal Manager, Bank Examination, said the programme was designed “to catch them (the pupils) young and make the learners financially prudent.

“The intention of NDIC is to catch them young. The training is to ensure that you’re financially prudence while you’re young”.

He added that “the World Savings Day was launched on the 30th of October 1924, at the first International Thrift Congress in Milan, by Filippo Ravizza.

“International Savings day, as it was called back then, encouraged a universal day to observe saving. And this was reflected by financial attitudes of the two world wars. Since then, the importance of saving has been spread throughout the world, thanks to financial institutions, NGOs and so many more stakeholders.

“Everybody should know how to create a budget, how to track spending, and how to save for the future”.

Declaring the workshop open on behalf of Ogun State Government, Bosede Ogunleye, the Permanent Secretary, Ogun State Ministry of Education, Science and Technology, lauded NDIC for the programme, which according to her, would go a long way in shaping students’ future positively.

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Ogunleye called on the learners to cultivate the habit of saving for rainy days from a young age, saying the principle of being prudent was required for students on their pathway to success, and added that, “the habit of saving is education itself as it teaches self-denial.”

She noted that the programme was a literacy programme that every student should benefit from, stressing that the students need to be prudent financially.

“The NDIC has been teaching our students on how to be prudent in their spending, especially, with the present economic hardship in the country”.

“As students, you should be able to prioritize your needs and draw scale of preference for your needs, after putting into consideration what you have at hand.