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L-R: Branch Manager, Ibadan Main Branch, Stanbic IBTC Bank
Plc, Mr. Femi Adelugba; Head, Personal and Business Banking Operations, Stanbic
IBTC Bank Plc, Mr. Adekunle Akinbowale; Vice Principal, Ibadan Grammar School,
Mr. Akande Adegbola, and Branch Manager, Gbagi Branch, Stanbic IBTC Bank Plc,
Mr. Tunde Fatokun, at the commemoration of World Savings Day 2018 at Ibadan
Grammar School in Ibdan, recently…
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In recognition
of the importance of financial literacy in making informed financial decisions,
Stanbic IBTC Holdings Plc, a member of Standard Bank Group, deployed its senior
personnel to 31 schools across six selected states in the country in line with
CBN’s financial literacy drive to educate students on the benefits of financial
planning and a savings culture.
The initiative was part of activities to commemorate the 2018 World
Savings Day on October 31, 2018. Students of Ibadan Grammar School Oyo State
were mentored by representatives of the leading financial institution
which stated that the importance of
acquiring relevant skills early in life is so they imbibe and inculcate financial
disciple in the children so as to ensure they are capable to taking charge of
their own financial future in a world that is constantly increasing in its
complexity.
The Chief Executive, Stanbic IBTC Holdings Plc, Mr Yinka Sanni who was
represented by Mr Adekunle Akinbowale, Head, Personal and Business Banking
Operations, Stanbic IBTC Bank Plc, stated that the importance of arming the
students with the rudiments of financial literacy is key to personal and
economic growth. “This is a project that is very dear to Stanbic IBTC Group. We
clearly recognize the correlation between financial literacy and sound
financial decision-making, on one hand, and the strategic role of qualitative
education in stimulating socio-economic development, on the other,” Akinbowale
stated.
The sessions were held in an extremely interactive and fun learning
atmosphere which ensured maximum impact and adoption. Stanbic IBTC aims to help
the students gain the knowledge, skills and confidence to make informed
financial decisions, particularly on how to start saving money for their future
needs. Introducing the students to financial concepts that will be applicable
throughout their lives, and applying them to the real scenarios which they face
daily as well as scenarios they would face in the future them today and which
they will face in the future was a major aspect of the sessions. They were
taken through the basics of financial goal-setting, investing, saving,
budgeting, managing debt, and understanding credit reports.
Given that education is one of Stanbic IBTC Group’s major corporate
investment focus-areas, Akinbowale pledged that Stanbic IBTC will continue to
explore opportunities towards a sustainable development of the education sector
in Nigeria, including facilitating a better future for Nigerian children
through the provision of quality learning environments and tools.
He enjoined the students to strive to achieve their potentials, noting
that a comfortable future life is directly tied to proper planning, investing
wisely and making regular savings. Embracing the tenets of savings very early
in life, he emphasized, is instrumental to having future happiness, also
in attendance were, the vice principals of the schools and BM’s from Stanbic
IBTC Bank, Oyo State.
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