Business
Bank Inaugurates Financial Literacy Programme
Skye Bank Plc has inau
gurated a financial literacy programme for secondary school students in the FCT to equip them with financial knowledge and planning skills.
Inaugurating the programme at the Government Day Secondary School, (GDSS) Wuse 2, the Group Managing Director (GMD) of the bank, Mr Kehinde Durosimi-Etti, said the exercise would also help the youth in preparing for the future.
“It helps you plan; it helps you know more about yourself; brings a show of self-assurance to how you manage your money; and it prepares you for life.
“Education in the country is limited, and education and financial literacy go together.
“The level of education is still fairly low compared to the population, especially the adult population.
“Therefore, you would expect that financial literacy would be limited; what also limit financial literacy the more are those that are included in the financial system where you don’t have branches.
“There are still a lot of people that do not have bank accounts; so there is a large number of people that either don’t have accounts, and there are also large areas that are under-banked.“
Durosimi-Etti said that financial literacy could help grow a population that would be financially capable and more productive.
The Skye Bank boss said the focus was purely on children in both public and private primary and secondary schools nationwide.
According to him, the programme will educate the children on how to address issues relating to poverty.
He said, “we have raised a team that will ensure the sustainability of this initiative which will run over the next nine months.
“We believe that money-management skills are pertinent for children and they must be taught with applied curriculum to develop decision-making skills.’’
Mr Akor Joseph, the Principal, GDSS, Wuse 2, said that Skye bank was the official bank of the school for four years and the school had never experienced any disappointment.
He expressed the hope that at the end of the day, the students would benefit immensely from the programme.