In a bid to inculcate financial discipline, Sterling Bank Plc, Nigeria’s leading commercial bank, held a financial literacy training session for secondary school pupils in Jigawa State.
Speaking at the event, the Chief Executive Officer of Sterling Bank, Mr Abubakar Suleiman, said the bank chose to train the pupils to shape their thinking and expose them to important financial lessons needed to beat future economic challenges.
Suleiman, who was represented by the North-West Regional Manager of the bank, Mr Ibrahim Salihi, said the one-day training was also aimed at helping the pupils better understand the importance of savings and investments.
“We are optimistic that if the pupils can understand the importance of savings and investments at a young age, they would grow into adults who can achieve financial security and success,” he said.
The training facilitator Mr. Salihi said, “It is crucial to prepare young people to manage their finances before reaching adulthood. Sterling Bank is committed to financial literacy for primary and secondary school pupils because the financial marketplace is becoming increasingly complex. And teaching young people to manage their finances should be a national priority.”
“Financial discipline guides an individual to spend what he earned, and his spending should not exceed his earnings. This is first the step for one to be able to save and use the savings for investments,” he said.
In his remarks, the Director Dutse Commercial Secondary School, Takur, Jigawa State, Malam Abdulmumini Jibrin expressed gratitude to the management of Sterling Bank for choosing the school for the training.
Tagged Financial Literacy Day, the event, which held at Dutse Commercial Secondary School, Takur, Jigawa state, at the instance of the Central Bank of Nigeria (CBN), was part of activities lined up to celebrate the annual Global Money Week.
