The 2017 Global Money Week commenced on March 27 and ran till April 2 with the theme: “Learn. Save. Earn.”
In commemoration of the event, FBN Merchant Bank Limited, a subsidiary of the FBN Holdings Plc, educated the students of six secondary schools on money, saving and entrepreneurship, with the aim of promoting financial literacy and encouraging a strong savings culture amongst children. This is in support of the Central Bank of Nigeria’s Financial Inclusion and Financial Literacy drive.
Leading the group that connected with more than 1,200 students across six schools, the MD/CEO of FBN Merchant Bank, Kayode Akinkugbe, imparted on the students of Holy Child Catholic School, Ekiti State, the significance of saving and investing for the future.
Students from the Bank’s other schools, including the Victoria Island Junior Secondary School and Government College, Victoria Island in Lagos; Government Secondary School in Abuja; and Government Girls Secondary School in Port Harcourt, Rivers State also benefitted from the financial literacy day activities designed to enable them make sound financial decisions that can positively shape their future.
As financial literacy is not only important for children, but for adults too, FBN Merchant Bank also introduced a “Money Saving Challenge”, which encouraged both children and adults to save, and offered them options on how to effectively invest their savings.
Global Money Week (GMW) is a global money awareness celebration that takes place in March every year. It is coordinated by the Child and Youth Finance International (CYFI) Secretariat to raise awareness on Economic Citizenship and directly engage children and youth worldwide on the issue.