UBA tasks youth on saving culture

UBA tasks youth on saving culture

United Bank of Africa (UBA) plc has asked students and youth to imbibe the culture of savings because the future belongs to them.

The bank’s executive director for Lagos and West, Mr Ayoku Loadi, made the call in Abeokuta while addressing students of the Gateway Secondary School, Ita Iyalode, Abeokuta, as part of events marking the financial literacy day.

The financial literacy day, whose theme is ‘learn, save and earn’, is part of the global money week, organized by the Central Bank of Nigeria in partnership with UBA plc, and junior achievement.

The UBA director who explained that the theme aims at inculcating financial discipline among students nationwide, said it is better to catch them young.

The UBA director who said that 30 schools were selected nationwide for the programme, explained the benefits of savings, especially from a young age.

He mentioned that business men and women such as Alhaji Aliko Dangote, Folorunso Alakija, Tony Elumelu among others started saving early in life for investment.

“The financial literacy day is an event put in place to create awareness among the younger ones on how to save money for investment.

“How I wish I had this kind of opportunity to listen to a lecture like this while I was in the secondary school. It is good to know how to make money, save the money and how to invest that money.

“Stay away from the attitude of getting rich quick syndrome. Stay away from any fraudulent acts that may jeopardize your future. Don’t steal your parents’ or guardians’ money because you want to save,” he added.

Representative of junior achievements, Mrs Justina Ogun said the primary objective of the programme is to increase awareness on importance of savings, earning a livelihood, inculcate savings habit for personal and national development.

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