Ecobank takes “Financial Planning Education” to schools

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Lagos, March 27, 2023 – Ecobank Nigeria last week embarked on financial education of secondary school students across the country on personal financial management as part of activities to commemorate the Global Money Week (GMW). 

Some of the topics the students were taught included savings, budgeting, and investment.

Bolaji Lawal, the Managing Director of Ecobank Nigeria, while tutoring the students of Comprehensive School Management and Technology, New Layout, Abakaliki, Ebonyi State, described “saving as the act of putting money aside for future use.”

“There are different ways to save, like putting your money in a savings box, through savings groups, but the recommended way is in a bank account.

“You can save for short-term goals such as buying clothes, buying books or long-term goals such as going to university, buying a car,” he said.

Lawal advised the students on the investment avenues such as stocks, bonds, and real estate, stating that choice of investment should align with their financial plan.

The interactive session saw the students’ asking questions which were promptly responded to.

The Managing Director, who was represented by the Abakaliki Branch Manager, Mr Chris Igili, explained to the students and staff of the school how to earn and make money, the various investment channels and the need to donate for positive social impact, amongst others.

He said that sound financial planning would guarantee a fulfilling future.

The 11th edition of GMW, with the theme: “Plan your Money, plant your Future”, was held between March 20 and March 26.

Senior management staff of Ecobank Nigeria took the opportunity to teach and mentor students in schools in major cities across the country including Lagos, Ibadan, Abuja and Yenagoa.

Global Money Week is an annual global celebration initiated by Child & Youth Finance International (CYFI) with local and regional activities aimed at inspiring the youths to learn about money, saving, creating livelihoods, gaining employment and becoming entrepreneurs.

It is also aimed at empowering the future generations to be confident, responsible and skilled economic citizens. (GBN)

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