Fidelity Bank has tutored 3,500 students in 31 schools across Nigeria, as part of activities to mark this year’s Global Money week and Financial Literacy Day.
The bank’s Managing Director, Mr. Nnamdi Okonkwo, who was represented by its Divisional Head, Brand and Communication, Mr. Charles Aigbe, was at the Government Day Secondary School, Lokoja, Kogi State. Also, other senior employees of the bank visited other schools in the country to promote financial literacy.
The Financial Literacy Day was set aside by the CBN to focus on increasing the level of awareness of the youth on the importance of earning, managing and saving money in order to have a secure future.
Fidelity Bank supports the initiative that is targeted at getting more young people to participate in the formal banking system in order to create financially inclusion.
Okonkwo said financial literacy among Nigerians, especially the youth, would foster economic growth and development.
Okonkwo noted that financial literacy would help young people gain financial freedom through prudent management of money and clear differentiation of needs and wants.
He explained that the initiative was aimed at globally engaging children on aspects of financial education including saving, creating livelihoods, gaining employment and entrepreneurship, adding that it would help develop responsible bankers and bank customers in the future.
In addition, he said the programme would make young people make the right financial decision early in life and manage resources responsibly.