NDIC Educates Secondary School Students on Financial Literacy

Ilorin, Nigeria - The Nigeria Deposit Insurance Corporation (NDIC) conducted an informative session on financial literacy for students from six secondary schools in Ilorin. The event, held as part of the 2023 Global Financial Literacy Day, aimed to raise awareness and equip young individuals with the knowledge and skills necessary for effective financial management.

Under the theme "Plan Your Money, Plant Your Future," Hamza Kangiwa, the Zonal Controller of NDIC in Kwara, highlighted the importance of developing financial literacy from an early age. He emphasized that a solid understanding of financial concepts and practices is instrumental in building a strong financial foundation, achieving stability, and attaining long-term success.

Kangiwa underscored that financial literacy plays a crucial role in promoting financial stability and ensuring individuals have the necessary tools to manage their finances effectively. During the session, he enlightened the students on investment budgeting, the importance of emergency funds, saving to accomplish goals, making impactful donations, and other relevant topics.

Further emphasizing the significance of financial literacy, Mr. Hamza encouraged the students to view it as a life skill that would serve them well throughout their lives. By instilling the culture of saving and imparting financial discipline, the students can make informed decisions and secure their financial well-being.

Mohammed Isa, a staff member of NDIC, explained that the annual program takes place across various locations within the corporation's ten zonal offices. The initiative primarily targets schools to reach students at a young age and foster the habit of saving. Isa reiterated that the program's objective is to enlighten individuals about financial matters and empower them to utilize their resources wisely for personal growth and development.

The participating schools in the program included Queen Elizabeth Secondary School, Ilorin; Government Girls Day Secondary School, Oko-Erin; and Baboko Community Senior Secondary School, among others.

The NDIC's efforts to promote financial literacy among secondary school students are commendable, as they aim to equip the younger generation with essential financial skills. By empowering students with the knowledge to manage their finances effectively, Nigeria can foster a financially savvy population that is well-prepared for a prosperous future.