By Chioma Ndife
Team of financial experts from Zenith Bank Plc during the 2018 World Saving Day has urged students of Rosary College, Nise, Awka South LGA, Anambra State to develop saving culture, saying that the habit guarantees a secured financial future.
The financial experts stated this on Wednesday, October 31, 2018 during a one day training where senior students of the college alongside their teachers were tutored on the importance of saving, ways of investing saved money, gaining employment and becoming entrepreneurs.
The training was part of the activities mapped out by Zenith Bank to commemorate the 2018 World Savings Day.
Fides gathered that Zenith Bank's observance of the World Savings Day were part of its programme to mark the 2018 Financial Literacy Day in line with the directive from Central Bank of Nigeria.
Speaking to Fides, the Regional Manager of Zenith Bank in Anambra State, Lady Nkiru Okolo said that the Financial Literacy Day was a day set aside by the CBN to focus on increasing the level of awareness of the youths on the importance of saving money in order to have a secured future.
She noted that Zenith Bank aligns with the initiative that was targeted at getting more young people to participate in the formal banking system in order to create financially savvy citizens who trust and can navigate within the Nigerian financial system and its various institutions.
Okolo maintained that the world savings day was a good opportunity for the bank to embark on the training to teach students methods to adopt in order to save and benefit which one stands to gain from savings. She disclosed that the training were also carried out in other schools in the federation, saying that the training was part of Zenith Bank's social responsibility programmes.
She described savings as the umbrella of life and beckoned on the students to adopt the saving culture, noting that no one has ever succeeded in life without developing the habit of saving.
Educating the students on the need for them to save, the Branch Manager, Zenith Bank, Awka, Uche Alaku stressed the need for the students to imbibe the saving culture at a young age. He cautioned them against spending all their pocket money on frivolities and encouraged them to learn how to prioritize their needs over their wants.
He defined savings as income or any money set aside for future use and identified some reasons why people save to include future investment, emergency purpose, to gain financial freedom, for precautionary motive, education and self-development purposes. He revealed that savings can help one obtain loan from the bank, grow one's money and reduce the risk of theft.
Also speaking, the Manager of the School, Rev. Fr. Martin Obiajulu described the students as the future hope of the present generation, noting that all the extra-curriculum activities being organized for the students were geared at making them successful in life. He said that the spirit of saving if well instilled in the students, would help them to plan their future, be ready to face life and its challenges.
He thanked the Zenith Bank for choosing their school for the training, saying that the bank has demonstrated love and concern towards the affairs of the school.
For her part, the Principal of the College, Mrs. Uzoamaka Ezeasor appreciated the Zenith Bank team for coming to educate the students on the importance of savings. She said that such training had previously been held in 2017 by the same Zenith team and expressed the school's readiness to welcome the team for another round of training in 2019.