World Savings Day: NDIC Trains Ogun Students on Savings Attitude

James Sowole in Abeokuta

In commemoration of the 2023 World Savings Day, the Nigeria Deposit Insurance Corporation (NDIC) has trained secondary school students in Ogun State in financial literacy.

The training, among its objectives, was meant to make the students embrace saving attitude from their youthful age.

The training, which is the 2023 edition of the programme, was attended by over 400  students, drawn from both public and private secondary schools in Abeokuta, the state capital.

The 2023 World Savings Day, which has ‘Conquer Your Tomorrow Through Savings’, as its theme, was held at the Lisabi Grammar School, Idi-Aba, Abeokuta, Ogun State.

In his address, the Controller, Abeokuta Zonal Office, NDIC, Mr. Mohammed Lawal, represented by Principal Manager, Bank Examination, Mr. Elvis Oyakhilome, said the programme, which was in partnership with Ogun State Government, was part of the organisation’s CSR.

The NDIC boss explained that the programme was designed in the spirit of “catching them young and making the learners financially literate.”

He said: “The intention of NDIC is to catch them young. Financial literacy training is to ensure that you’re financially literate while you’re young.

“That’s the main reason why NDIC brings this programme. I am sure learners who attended the last editions have gained a lot.

“The programme is designed for learners, but I bet you, it’s not only the learners that will benefit from the programme, even the oldies like me will benefit from the programme.”

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

The permanent secretary called on the learners to cultivate the habit of saving for the rainy day from a young age, saying the principle of being prudent was required for students on their pathway to success.

Ogunleye, said the habit of saving was education itself as it teaches self-denial and which young ones must embrace.

She urged the students to be attentive and put to practice whatever they are taught for them to be prudent with whatever resources accrued to them.

During the technical session, students were exposed to various topics on various means through which they can save their money and the benefits of doing so.

They were also trained on basic economic principles as wants, scarcity, and scale of preference among others.