Stanbic IBTC, Ecobank task students on savings, investment culture

Ecobank Nigeria and Stanbic IBTC Plc have stressed the need for young people to imbibe the principles of financial literacy to widen their scope and knowledge of savings and investment techniques.

The banks noted that in today’s highly complex world, financial literacy education should be a continuous learning exercise among students and the younger generation in order to enhance the retention rate and application.

The deputy managing director of Ecobank, Tony Okpanachi, while lecturing students of Girls Secondary School Akwakuma, Owerri, last week, as part of the Global Money Week celebrations, emphasised that financial awareness at an early stage in life would engender and empower the youths with the financial knowledge they require to be relevant in the global economy.

Okpanachi who spoke on the topic “Growing Your Money” said that it was necessary that young people imbibe the culture of savings and investment no matter how little as it is one way of securing their future.

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On his own part, the chief executive, Stanbic IBTC Bank, Mr Yinka Sanni, represented by the head, Public Sector Group, Stanbic IBTC Bank, Mr Yusufu Modibbo, emphasised that having a solid foundation in financial knowledge prepares students and young adults for financial independence.

Making a presentation at Government Girls’ Secondary School, Maimuna Gwarzo, Tudun Wada, Kaduna State, as part of activities to mark the 2016 Financial Literacy Day, Sanni said that financial literacy has gone beyond opening and maintaining a savings account at a local bank.

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