Over 500 students from about 10 different secondary schools in Benin City turned out on Thursday, March 17, 2016 to listen to the Group Managing Director and CEO of UBA Plc, Phillips Oduoza talk to them on “How can you make your money grow” as part of the celebrations of this year’s financial literacy day.
The event, which took place at Imaguero College, Benin City, also had in attendance the top government functionaries, including the Commissioner for Investment, Kenneth Edebiri, who represented the Governor of Edo State, Comrade Adams Aliyu Oshiomhole, and the Commissioner for Education, Gideon Obhakhan.
Besides, the host school, Imaguero College, other schools that participated in the one-day event included; Edo College, St Maria Goretti, Idia College, Adesuwa Girls Grammar School, Asoro Grammar School, Baptist High School, Army Day Secondary School, Iyoba Secondary School, Integrity High School, Western Boys High School, Edokpolo Grammar School, Adolo Grammar School and Oredo Girls School. Students of the State’s adult literacy school were also present.
Oduoza, who was represented by Dan Okeke, Executive Director, Abuja, East and South Bank took students on the basic concepts of earning, saving and investing money. He also talked the to the students about the concept of devaluation and how it impacts on the economy.
The students, who actively participated in the lecture, asked different questions at the end of the lecture bordering on investments and banking.
The commissioner for investment commended UBA for organizing the programme for the students and noted that it will go a long way in making the students active participants in the Nigerian economy.
The MD/CEO, UBA Foundation, Ijeoma Aso, also used the occasion to encourage the students to rekindle their interest in reading books beyond what is recommended in their school curricula. Copies of the book, “What Sunny Saw in the Flames” by Nnnedi Okorafor and UBA branded school bags were also distributed free to students.
This is the third consecutive year that UBA will be joining the global community and the CBN to celebrate the Global Money Week.
The Global Money Week is a worldwide celebration aimed at creating the next generation of confident, responsible and skilled people with an understanding of the financial system and how it can be tapped into to enhance their welfare.
It brings together; children, youth, parents, organizations and entire communities, to start action to reshape finance, and give young people the tools to shape their own future.
Financial Literacy Day on March 17 th involved the Nigerian financial community with the support of the CBN going into primary and secondary schools across the nation to teach the basics of Financial Literacy. This will kick start their knowledge of this subject matter, which has an inevitable lasting impact throughout their life cycle.
UBA, over the years, have been at the forefront of engagement with the youths through empowerment programmes aimed at developing their intellectual capacity and making them better people in the society. UBA Foundation, the Corporate Social Responsibility arm of the UBA Group organizes the annual National Essay Competition in Nigeria, Ghana and Senegal to improve the reading, writing and critical thinking skills of African youths. Winners of the competition are usually given an educational grant to study in any African university of their choice.
UBA Foundation also organizes the “Read Africa” initiative, which is aimed at rekindling a reading culture among African youths. The initiative involves a reading and mentoring session in secondary schools and distribution of free literature books to students in schools across Africa