Friday, November 26, 2021 / 5:30PM / FCMB / HeaderImage Credit: FCMB

Nigeria's leading lender, First City Monument Bank (FCMB), has redoubledefforts to ensure young Nigerians are free from poverty. This time, the bankinvested in another round of financial literacy training for hundreds ofsecondary school students in seven states across the country.

Thetraining, which formed part of the activities organised in partnership with theCentral Bank of Nigeria (CBN) to commemorate the 2021 World Savings Day, seeksto secure their future and guarantee them freedom from poverty. It focused onguiding the students to imbibe financial principles early in life, ensuringthey grow up to become responsible citizens who will know how to make theirmoney work for them.

Speakingon the significance of the World Savings, Group Head, Corporate Affairs atFCMB, Mr Diran Olojo, said: "We want our young ones, who are the hope andfuture drivers of Nigeria, to understand the prudent management of resources.They require this skill to secure their future. Therefore, we will continue tochampion and execute initiatives that would fast-track financial literacy andinclusion because this is one of the most effective ways to empower studentsand Nigerians at large towards building a better society."

FCMBGroup Plc, led by the Group Chief Executive, MrLadi Balogun, stresses the need forNigerians to have money management skills such as budgeting, saving, andinvesting because it guarantees financial security and freedom.

Hundredsof secondary school students in Anambra, Bauchi, Cross River, Edo, Enugu, Lagosand Osun states benefitted from the training this year. Top officials of thebank tutored them on topics ranging from prudent management of resources, appreciation ofhow money works and how it can be channelled to productiveuse. 

WorldSavings Day is set aside by the international community to promote knowledgeand understanding ofstudents as well as the populace on the importance of savings, financialcontrol, planning and other economic issues to the development ofindividuals and society.

Consistently,FCMB has participated in World Savings Day commemorations since 2015. Apartfrom investing annually in setting students in their thousands on the path offinancial freedom through money management training, the bank has developedFlexx Account and Flexxzone value propositions to enrich the lives of youngNigerians.

Flexxaccount is a savings account designed for students, youth corps members, andprofessionals aged 18 to 30 to access banking solutions in a fun and convenientway. It allows lodgement of dividend warrants of up to ₦20,000, access to loans for qualified youths, and entrepreneurshipand employability forums.

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