The Managing Director/Chief Executive Officer of Unity Bank Plc, Tomi Somefun, has enjoined parents to take greater responsibility in supporting early child adoption of banking and savings culture as the bedrock for forging sustainable wealth creation for children in Nigeria.
Somefun gave the charge while facilitating training for students of Kabayi Secondary School in Mararaba, Nasarawa State, as a part of activities to mark the 2023 World Savings Day.
The Unity Bank MD said: “The government and parents must make it a priority to start nurturing Nigerian child for financial responsibility, savings culture and investment.
“This is the best approach to raising a generation of financially literate society with individuals who are disciplined, wealth creators to drive social and economic changes.”
Somefun, who was represented by the Group Head, Customer Engagement, Unity Bank Plc, Titilayo Abraham, further called for government-backed initiatives that aim to encourage parents to commit to inculcating a savings culture in their children.
She trained the students on the importance of savings and how to cultivate good financial habits that will lead to a rewarding and financially secure future.
The training, which was aimed at imparting the skills and knowledge of savings among the students, was also held in 31 other secondary schools across Nigeria.
According to the bank, World Savings Day is celebrated on October 31 every year and it is intended to promote the importance of savings while increasing public awareness on the importance of savings.
This year’s World Savings Day, observed on October 31, 2023, was themed “Conquer your Tomorrow” to emphasise the role of savings in a financially secure future.
In Nigeria, the Central Bank of Nigeria, Banker’s Committee, and Money Deposit Banks in concert with Junior Achievement Nigeria, coordinates the activities for World Savings Day to engage the participation of pupils and students across primary and secondary schools nationwide.