NlDIC marks World Savings Day, takes catch-them-young campaign to sec. schools in Ogbomoso
pannigeriannews
2 min read
As part of its catch-them-young campaign, the Nigeria Deposit Insurance Corporation (NDIC) has, this weeke, organized a sensitization programme for secondary school students in Ogbomoso, Oyo State to commemorate the 2024 World Savings Day.
Tagged “Act of Humanity”, the programme, held at Anglican Grammar School, Sabo area of the city, came up under the aegis of the Bankers Committee and Management of NDIC was part of the Federal Government’s initiative “towards achieving the financial inclusion target through sound financial literacy among the youth beginning from elementary school and above.”
Mr. Imar Kangiwa, NDIC zonal controller, Ikorin, Kwara state, in a lecture titled, “Mandate and Operations of the Nigeria Deposit Insurance Corporation,” dwelled on the establishment of the NDIC, reasons for its establishment, functions, core mandates, as well as its vision, mission and core values.
He noted, inter alia, “The NDIC collaborates with CBN to monitor and supervise banks to ensure they operate in safe and sound manner so as to protect depositors; foster monetary stability; promote an effective and efficient payment system; and promote competition and innovation in the banking system,” adding, “The corporation also ensures that failing and failed institutions are resolved in a timely and effective manner, through financial and technical assistance and so on.”
Also, Mrs. Yetunde Alade, a senior manager in the corporation, speaking on the topic, “Savings prepare you for better future,” charged the students to imbibe the culture of saving, emphasizing, “You are not too young to save, and you don’t need to wait to have big amount of money before you start saving.
“Savings grow over time, so the earlier you start the better. You should learn to save instead of spending. And at the age you are, you should cultivate the habit of saving 80 percent of what you have, you can spend just 20 percent, that way you grow your income.”
The event which was an interactive session featured question and answer session just as the cultural troupe of the host school spiced the occasion with their thrilling performance.
The Principal of the host school, Dn Abiodun Olowe, earlier in his welcome address, commended NDIC noting that it’s a good programme that would benefit both students and other participants.
