Research
has shown that those who go through life with a high level of financial
literacy usually make good and informed choices in life and often end up better
financially and materially says Phillips Oduoza, Group Managing Director and
CEO of United Bank for Africa (UBA) Plc.
Financial Literacy Day:
GMD/CEO, UBA Plc, Mr. Phillips Oduoza; MD, UBA Foundation, Ms Ijeoma Aso;
Executive Director, UBA Plc, Mr Dan Okeke, Principal
Girls Secondary School, Awka, Anambra State, Lady Winnie Ibezim with
students of Girls Secondary School, during
financial literacy training programme for students, an initiative of CBN, held
in Awka, Anambra State on
12/03/2015
He
said this on Thursday, March 12, 2015 while teaching students of Girls
Secondary School, Amenyi Awka, as part of the celebration of financial literacy
day organized annually by the Bankers Committee and the Central Bank of Nigeria
(CBN).
The
event witnessed participation from over 200 students from seven different
schools in Anambra State including Community Secondary School, Agulu, Ezi Awka
Community Secondary School, Community Secondary School, Okpuno, Community
Secondary School, Umuokpu and Capital City Secondary School, Awka.
Oduoza
noted that financially smart people make financially smart families,
communities and country, which leads to a higher standard of living for everyone.
Oduoza
took the students through the basic concepts of making money, savings and
investments while letting them know their capacity to make informed financial
decisions will make them better adults in future.
Earlier,
in the welcome address by Lady Winnie Ibezim, the Principal of GSS Awka, she
thanked UBA for choosing GSS to celebrate the financial literacy day event. She
said the school readily accepted to host the programme because of her strong
believe that the financial literacy education will turn the students into good
financial managers.
GMD/CEO, UBA Plc, Mr. Phillips Oduoza; MD, UBA
Foundation, Ms Ijeoma Aso; Executive Director, UBA Plc, Mr Dan Okeke, Principal Girls Secondary School, Awka,
Anambra State,
Lady Winnie Ibezim, with
students of Secondary Schools in Anambra
State, during financial literacy training programme for students, an
initiative of CBN, held in Awka, Anambra State on
12/03/2015
Mr. Tony Oli, Senior Special Assistant, Finance who
represented the Anambra State Governor Chief Willie
Obiano said UBA’s decision to celebrate the financial literacy day in
the state is highly appreciated and ties in with the state governor’s efforts
to promote education in the state.
He requested that UBA look into the
provision of collateral free loans to skill based business start-ups in the
state to encourage young entrepreneurs that have acquired skills to be able to
practice what they have learnt and reduce the level of unemployment in the
country.
He
commended the great partnership UBA has with the state saying the financial
literacy day celebration will impact positively on the students participating
in the programme.
In
her own remarks at the occasion, Mrs Amaka Ezike,
Senior Special Assistant on Special Duties to the wife of the governor, Mrs Ebelechukwu Obiano thanked UBA for choosing
a girls school to celebrate financial literacy day saying it ties in with the
state’s gender empowerment initiative noting that it is important that people
have knowledge of money as early as possible and not when they are already
adults
Oduoza’s
lecture on financial literacy attracted interesting questions from the students
that participated in the programme. The questions bordered on collateral for
loans, how to use ATMs, documentation requirements for opening bank accounts,
interest rates, what happens to depositors money after death, among many other
questions which the GMD/CEO of UBA took time to answer.
The
financial literacy day is part of the activities to celebrate the Global Money
Week, a week set aside globally to deepen the financial capacity of children.
It is an annual international money awareness celebration, which engages
children worldwide to explain to them how money works, can be made, multiplied
or lost.
In
Nigeria, the CBN and the Bankers Committee have set March 12 aside as Financial
Literacy Day. As part of celebration of the day, all Managing Directors of
banks and other financial institutions personally take part in deepening the
financial literacy of students
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