Workers' Day: Ecobank Nigeria to Host Webinar on Survival Tips Amidst Rising Inflation

Monday, April 26, 2021 / 10:00 AM /Ecobank / Header Image Credit: Ecobank

Ecobank Nigeria Limitedhas concluded plans to host a digital conference as part of its commemorationof this year's Workers' Day. According to Korede Demola-Adeniyi; Head, ConsumerBanking, the webinar which is scheduled for the 29th of April titled "Inflationand Your Money - Our role As Your Bank" is targeted at educating members of thepublic on how to manage limited resources at their disposal, stressing that itwould also provide tips on savings, borrowing, investments and how Ecobank can be usefulto the participants and general public amidst the rising inflation.

According to Mrs.Demola-Adeniyi, though Nigeria recorded early exit from therecession in the fourth quarter of last year, the effects of the COVID-19pandemic have continued to impact negatively on therevenues of many corporate entities, businesses and income of individuals;noting that this development has been further compounded by inflation. In herwords, "Inflation rate has continued its upward trend to settle at about 18.1%in March with prices of goods rising significantly in the last six months.This, in turn has significantly reduced the disposable income and cash available to consumers." Consequently, as a bankset up to contribute to economic development, we thought it important tofacilitate a discussion during this period of Worker's Day, that will providesome guidance to our customers and the general public on how they can managetheir cash and resources through rising inflation."

She disclosed that thewebinar which will be hosted on the Microsoft Teams' platform will convergeimportant stakeholders who will discuss the realities of the economy of thecountry and also proffer solutions on how to stay afloat financially and bettermanage resources. Some of the speakers include Jimi Ogbobine, FCA - Head,Agusto Consulting Ltd; Fela Popoola, Managing Director, EDC Nigeria Limited andDaberechi Effiong, Head, Consumer Products, Ecobank Nigeria, amongst others.

While imploring members ofthe public to join the webinar, Mrs. Demola-Adeniyi maintained that "Thewebinar is bound to provide financial education and financial planning tips toour customers and every other participant. Participants will be informed aboutrelevant investment opportunities to create wealth and most importantly, howthe bank can be useful to them at this time. It is important to make aninformed decision regarding how to manage your money".

The Ecobank Digital Seriesis a virtual programme organised by Ecobank to educate and enlighten the publicon crucial issues of public interest, especially as it relates to theirfinancial freedom.

Kindly HERE for the webinar.