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Home ยป World Savings Day: 9PSB Promotes Financial Literacy

World Savings Day: 9PSB Promotes Financial Literacy

Staff Writer by Staff Writer
November 9, 2024
in Fintech
0
World Savings Day 2024
A group of students from Fountain Heights Secondary School in Surulere, alongside staff from 9 Payment Service Bank (9PSB), participated in the Financial Literacy and Mentorship Program organized by the bank to commemorate World Savings Day 2024 in Lagos.

A group of students from Fountain Heights Secondary School in Surulere, alongside staff from 9 Payment Service Bank (9PSB), participated in the Financial Literacy and Mentorship Program organized by the bank to commemorate World Savings Day 2024 in Lagos.

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9 Payment Service Bank (9PSB), a leading digital payment service provider committed to advancing financial inclusion in Nigeria, observed World Savings Day 2024 by conducting a financial literacy and mentorship programme for students at Fountain Heights Secondary School in Surulere, Lagos.

This initiative aligns with the Central Bank of Nigeriaโ€™s (CBN) directive for all financial institutions to implement financial literacy programmes aimed at students, youth, and the public.

The goal is to instil a culture of financial discipline, savings, and prudent money management practices among Nigerians.

At the event, Tolani Jemi-Alade, chief of Business Planning, Operations, and Resources at 9PSB, addressed the students, underscoring the importance of cultivating positive financial habits, particularly considering economic uncertainties.

World Savings Day 2024
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L-R: Chief of Business Planning, Operations, and Resources at 9 Payment Service Bank (9PSB), Tolani Jemi-Alade; Head of Customer Experience Management (9PSB), Olamide Oluwatoke; Lead, Retail Banking and Customer Acquisition (9PSB), Oladimeji Saka; Vice Principal, Academics at Fountain Heights Secondary School, Surulere, Mr. Romanus Emegwakor; Team Lead, Marketing Communications (9PSB), Inemesit Ekong and Marketing Officer (9PSB) Onyekachukwu Onuorah during the Financial Literacy and Mentorship Program held at Fountain Heights Secondary School, Surulere, Lagos, in recognition of World Savings Day 2024.

She stressed the need for young individuals to integrate into the formal financial system, stating, “We encourage every young person with a regular income to open a bank account as an essential step towards financial independence and savings for future needs. Money is necessary for day-to-day transactions and to manage unforeseen circumstances. Early planning is crucial, as these needs are inevitable.”

Tolani further highlighted the significance of World Savings Day, as championed by CBN, which aims to raise awareness of financial literacy and promote a culture of saving, particularly among students and youth.

She emphasized the importance of understanding and leveraging formal financial services for long-term financial security.

Oladimeji Saka, Lead for Retail Banking and Customer Acquisition at 9PSB, echoed these sentiments, noting that financial literacy should begin at an early age. He advised that parents play an instrumental role in guiding their children through transitional stages to adulthood, equipping them with the necessary financial knowledge to manage their finances responsibly.

In his remarks, Mr. Romanus Emegwakor, the vice principal academics, who represented the Principal of Fountain Heights Secondary School, expressed his gratitude to 9PSB for their commitment to empowering students with financial knowledge.

World Savings Day 2024
A group of students from Fountain Heights Secondary School, Surulere, attending the Financial Literacy and Mentorship Program facilitated by 9 Payment Service Bank (9PSB) in observance of World Savings Day 2024 in Lagos.

“We are extremely appreciative of 9PSB for this invaluable financial literacy programme. It is crucial for our students to understand the significance of financial discipline, and we believe this initiative will help them develop the necessary skills to make informed financial decisions in the future,” he said.

World Savings Day is an annual global campaign dedicated to educating individuals, particularly the youth, on the importance of prudent financial planning and saving through formal banking systems.

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