FirstBank of Nigeria Limited has joined the rest of the world in celebrating the 2016 Global Money Week to engage children and youths in the rudiments of financial literacy.
The 2016 Global Money Week holds from 14th – 20th of March, 2016, and this year marks the 5th anniversary of the annual event with the theme: “Take Part. Save Smart”
A statement from the bank explained that as part of its corporate sustainability and responsibility initiatives, it commenced the FutureFirst Programme to empower secondary school students between 13 to 17 years with the knowledge of building fulfilling careers and financial literacy.
In alignment with the CBN Financial Literacy Day and as part of activities to commemorate the Global money week, FirstBank adopted Harmony Secondary School, Lokoja to teach the students the basics of money and empower them with the financial knowledge they need to be relevant in the world global economy.
The Bank’s Group Executive – Retail Banking North, Mr. Abdullahi Ibrahim will lead FirstBank’s delegation to Harmony Secondary School, Lokoja this Thursday.
The CBN Financial Literacy Day was designed as a core part of the ‘Framework for Financial Literacy in Nigeria’ aimed at ensuring financial inclusion for the unbanked. The Financial Literacy framework is also aimed at enabling the Nigerian population know, understand and develop the ability to evaluate financial products/services in the financial markets, thus decreasing the number of Nigerians that do not have access to financial services from 46.3% to 20% by the year 2020. In addition, financial literacy would enable financial service providers understand the needs of their customers, products and associated risks.
According to Ibrahim, FirstBank is firmly committed to the achievement of Financial Inclusion in Nigeria and would continue to work towards this aspiration by extending banking services to under-banked, businesses, communities and individuals across the country with our extensive network of branches and alternative service channels.”