‘Financial literacy should be national priority’

The Chief Executive Officer of Sterling Bank, Mr Abubakar Suleiman, has said teaching young people to manage their finances should be a national priority

Suleiman made this remark during the financial literacy training session organised by the bank for Dutse Commercial Secondary School, Takur, Jigawa State.

 The interactive session which was titled, ‘Financial Literacy Day’ was part of activities to celebrate the annual Global Money Week.

Suleiman said the bank chose to train the pupils so as to shape their thinking and expose them to important financial lessons needed to overcome future economic challenges.

The CEO, who was represented by the North-West Regional Manager of the bank, Mr Ibrahim Salihi, said the one-day training was also aimed at helping the pupils understood the importance of savings and investments.

He said, “We are optimistic that if the pupils can understand the importance of savings and investments at a young age, they would grow into adults who can achieve financial security and success,” he said.

 “It is crucial to prepare young people to manage their finances before reaching adulthood. Sterling Bank is committed to financial literacy for primary and secondary school pupils because the financial marketplace is becoming increasingly complex. And teaching young people to manage their finances should be a national priority.”

“Financial discipline guides an individual to spend what he earned, and his spending should not exceed his earnings. This is first the step for one to be able to save and use the savings for investments.”

He also highlighted the need for the pupils and the general public to embrace digital literacy as the global economy and social life are now operated on digital platforms.

In his remarks, the Director of the School, Malam Abdulmumini Jibrin, expressed gratitude to the management of Sterling Bank for choosing the school for the training.


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