Stanbic IBTC Holdings, a member of Standard Bank Group, has concluded its NewSchoolMoney event during which it enlightened preteens and teenagers on money management skills.
The interactive financial literacy programme was aimed to provide improved and deepened financial knowledge among the youth in Nigeria.
Themed “Making Money Moves” the event which was held virtually was facilitated by experts in the financial services industry.
The experts who educated the young ones on various financial strategies and tools to achieve financial freedom told them to cultivate the habit of being prudent.
The Chief Executive, Stanbic IBTC Holdings, Demola Sogunle noted that the acquisition of money management skills by young people was a precursor to their financial independence.
He added that the organisation recognised the importance of grooming young ones to make responsible decisions related to wealth building.
On the relevance of the initiative, Demola said, “We put together this initiative to provide young Nigerians with the tools to manage money judiciously, develop good financial foresight and be socially responsible. The goal of the programme is to adequately equip preteens and teenagers with the knowledge to enable them set financial goals, earn money, save, invest, and protect their assets”.
Olumide Oyetan, Chief Executive, Stanbic IBTC Pension Managers, also said the initiative’s goal was to provide a solid financial literacy foundation for preteens and teenagers, which they can build on to foster better decision making later in life.
Davida Echetabu, Regional Manager, Stanbic IBTC Pension Managers, and one of the event facilitators, urged the young attendees to cultivate a savings and investment culture.
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