No fewer than 200 students from Government Technical College, Enugu, Wednesday benefited from savings and budget training organised by the Nigeria Deposit Insurance Corporation (NDIC).
The corporation trained the students while commemorating the “2023 World Saving Day” on Wednesday in Enugu with the theme: "Conquer Your Tomorrow Through Savings".
The News Agency of Nigeria (NAN) reports that World Savings Day is observed annually across the globe on every October 31 to inform people all around the world about the idea of saving their money in a bank.
It is also created to increase public awareness of the importance of savings both for modern economies and for individuals alike.
Speaking at the event, the NDIC Coordinator of the programme, Mr Abdullahi Ubam, said the programme was part of government’s initiatives towards encouraging financial savings among students.
He said it was targeted at educating the students on need to imbibe in culture of saving stressing that it was easier to catch them young.
According to him, the initiative will encourage financial prudence and resource management among the students as well as inculcating the knowledge of savings in them so that they will grow up with it.
He explained that NDIC used the celebration to sensitise students in
secondary schools on the culture of savings, financial management and investment as well as budgeting.
“For this reason, we are training 200 students from Government Technical College, Enugu to prepare for future through savings and budgeting,” he said.
Mrs Francisca Nwokolo, Director, Schools Department, Ministry of Education, Enugu, while commending NDIC for organising the training, said when the students acquire such knowledge, it would help them to be focus in life, especially on financial related matters.
Nwokolo also appealed Federal Government to extend the training to all the secondary schools in the country, explaining that it would help to catch them young.
"The students need the experience regarding saving and the difference between needs and wants, so that it can reflect in their lives," she said.
Welcoming NDIC earlier, the Principal of the college, Mr Christopher Isiefe, described the training as wonderful, stressing that every human need to save for future.
While commending NDIC, the principal advised the student not to be wasteful in life but to save little they had.
He enjoined the students to pay attention to the training.
Speaking on the theme, the NDIC Bank Examiner, Enugu Zonal Office, Mr Oyim Elechi, said that tomorrow was filled with uncertainties, adding that saving for tomorrow would help to overcome challenges that would come.
He admonished students to keep part of money that comes to them to conquer the challenges of tomorrow.
"You can save using saving boxes, opening accounts with the financial institutions, creating money market accounts, online savings accounts, credit unions and automatic savings plans.
"This will help you build a good saving habits and spend your money on needs rather than wants," he said.
A student, Chijoke Nwodu from Electrical Department of the college said he was impressed with training, saying he now understand the importance of savings.
Afriquecast
No fewer than 200 students from Government Technical College, Enugu, Wednesday benefited from savings and budget training organised by the Nigeria Deposit Insurance Corporation (NDIC).
The corporation trained the students while commemorating the “2023 World Saving Day” on Wednesday in Enugu with the theme: "Conquer Your Tomorrow Through Savings".
The News Agency of Nigeria (NAN) reports that World Savings Day is observed annually across the globe on every October 31 to inform people all around the world about the idea of saving their money in a bank.
It is also created to increase public awareness of the importance of savings both for modern economies and for individuals alike.
Speaking at the event, the NDIC Coordinator of the programme, Mr Abdullahi Ubam, said the programme was part of government’s initiatives towards encouraging financial savings among students.
He said it was targeted at educating the students on need to imbibe in culture of saving stressing that it was easier to catch them young.
According to him, the initiative will encourage financial prudence and resource management among the students as well as inculcating the knowledge of savings in them so that they will grow up with it.
He explained that NDIC used the celebration to sensitise students in
secondary schools on the culture of savings, financial management and investment as well as budgeting.
“For this reason, we are training 200 students from Government Technical College, Enugu to prepare for future through savings and budgeting,” he said.
Mrs Francisca Nwokolo, Director, Schools Department, Ministry of Education, Enugu, while commending NDIC for organising the training, said when the students acquire such knowledge, it would help them to be focus in life, especially on financial related matters.
Nwokolo also appealed Federal Government to extend the training to all the secondary schools in the country, explaining that it would help to catch them young.
"The students need the experience regarding saving and the difference between needs and wants, so that it can reflect in their lives," she said.
Welcoming NDIC earlier, the Principal of the college, Mr Christopher Isiefe, described the training as wonderful, stressing that every human need to save for future.
While commending NDIC, the principal advised the student not to be wasteful in life but to save little they had.
He enjoined the students to pay attention to the training.
Speaking on the theme, the NDIC Bank Examiner, Enugu Zonal Office, Mr Oyim Elechi, said that tomorrow was filled with uncertainties, adding that saving for tomorrow would help to overcome challenges that would come.
He admonished students to keep part of money that comes to them to conquer the challenges of tomorrow.
"You can save using saving boxes, opening accounts with the financial institutions, creating money market accounts, online savings accounts, credit unions and automatic savings plans.
"This will help you build a good saving habits and spend your money on needs rather than wants," he said.
A student, Chijoke Nwodu from Electrical Department of the college said he was impressed with training, saying he now understand the importance of savings.
By Emmanuel Luper
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