Payment Service Bank (9PSB), a digital payment service bank, recently marked the 2023 World Savings Day in line with the Central Bank of Nigeria (CBN) directive to educate youngsters about the importance of financial planning and savings.
Themed, ‘Conquer Your Tomorrow Through Savings’, the educational and mentorship programme, was held at Bloomy Berries Nursery and Primary School, Lekki, Lagos.
“As long as they are old enough to know the importance of money and what it achieves, then, they can also learn the art of saving. The initiative, which 9PSB has fully keyed into, is championed by the Central Bank of Nigeria,” Alex Ohai, head, Human Resources, 9PSB, stated.
She highlighted the importance of savings for everyone and particularly the need to start early to inculcate these values in children. According to her, children must be educated to make informed decisions and take action on matters relating to money, which will in turn prepare them for the future.
“This is a very laudable initiative, as it perfectly fits into our social objective as a bank. Financial literacy is key as it leads to our primary mandate of achieving financial inclusion. There is no better time to start than now with students at this level because they are the leaders of tomorrow,” Ohai stated.
Oladimeji Saka, lead, retail banking and customer acquisition, 9PSB, stated that it is never too early to instill the right financial values in the minds of the young people, for a better future.
“It is important to start on time, because at a noticeably early age, children’s attitudes toward money are already well formed,” Saka stated.
World Savings Day is an annual global awareness campaign aimed at educating young people on the significance of prudent financial planning.
The day is observed every year on 31st of October, with various financial sector players all over the world marking the day with educational campaigns and activities to raise awareness about the importance of savings for future needs.