FCMB Educates Students on Savings Culture

First City Monument Bank (FCMB) Limited said it recently demonstrated its commitment towards the sustainable education and empowerment of youths by organising full interactive training sessions on financial literacy for students of thirty secondary schools in Nigeria. This development was part of the bank’s contributions towards securing the future of young Nigerians by encouraging the adoption of savings and other financial management techniques at an early age to enhance their general well-being, in line with the Corporate Social Responsibility (CSR) philosophy of the financial institution. According to a statement, the educative sessions were anchored by top officials of FCMB and simultaneously took place in five secondary schools each in six states, namely, Anambra, Kebbi, Cross River, Ondo, Nasarawa and Taraba states.

This formed part of the Bank’s activities to commemorate the 2017 Global Money Week and Financial Literacy Day celebration, with the theme, ‘’Learn, Earn and Save’’. An initiative of the Bankers Committee in collaboration with the Central Bank of Nigeria (CBN), the Financial Literacy programme is focused on educating the youth, especially students, on the economic environment, teaching them the key fundamentals of financial literacy, re-enforcing a savings culture, as well as introducing the basics of entrepreneurial and livelihood skills with a view to empowering the next generation to be self-reliant.

In his presentation to students of St. John of God Secondary School, Awka in Anambra state FCMB’s Regional Director, South- East/ South- South, Mr.Okey Ezeala, stated that imbibing financial principles at an early age will go a long way to help students and the young ones work hard, manage their resources effectively, appreciate how money works and how it can be channeled to productive ventures. While advising them to avoid spending money on frivolities, he also counselled the students on the need to open bank accounts and develop the habit of saving part of their income, no matter how small.