World Savings Day: FirstBank promotes financial literacy

FBNHoldings has announced plan to  join the rest of the world in celebrating the 2016 World Savings Day on October 31 by engaging children and youths on the rudiments of savings in line with the Central Bank of Nigeria (CBN) financial literacy initiative.
 The World Savings Day is a global event commemorated annually on October 31 to increase awareness on the importance of savings as a path to financial empowerment.
  It is also aimed at  increasing the levels of financial literacy while boosting the financial inclusion drive  of the CBN in terms of number of people that have banking relationship with financial institutions. This will ultimately culminate in a stable and sound financial eco-system and provide positive economic environment. The main topic for this year’s discourse is “The Importance of Savings in the Global Economy and How every Depositor contributes to its Development”.
 According to FirstBank’s Group Head, Marketing and Corporate Communications, Mrs. Folake Ani-Mumuney, the Bank is firmly committed to the advancement  of financial inclusion in Nigeria and would continue to work towards this aspiration by extending banking services to the under-banked, the un-banked,  businesses, communities and individuals across the country with our extensive network of branches and alternative service channels.”
 Beyond this, according to her, the financial institution  recognize that financial literacy is a key enabler in “our quest for financial inclusion and that we must begin by ensuring that our children are properly empowered with a sound financial education. As the world evolves towards ensuring that every child has access to financial services, financial awareness through education, a reliable source of income, and the will to save, FirstBank is committed to assisting the Nigerian child and the young adult build a prosperous future by extending financial education and services to them early in life”, she said.
 FirstBank will be collaborating with FBN Merchant Bank to adopt 11 schools across the nation to teach students the basics of money and empower them with the financial knowledge they need to be relevant in the global economy.
L –R: Managing Director/CEO, First Bank of Nigeria Limited and Subsidiaries, Dr. Adesola Adeduntan; Chairman, First Bank of Nigeria Limited, Mrs. Ibukun Awosika; Honourable Minister of Finance, Mrs. Kemi Adeosun; Former Deputy Governor of  Lagos State, Mrs. Sarah Sosan; and Deputy Managing Director, First Bank of Nigeria Limited, Mr. Gbenga Shobo at the launch of FirstGem – a New Lifestyle Offering for Women