Did you know?
ONLY 35% OF NIGERIA’S ADULTS HAS BANK ACCOUNTS
Earlier in this year, the Nigeria Deposit Insurance Corporation (NDIC) released data showing that only 35% of Nigeria’s adult population has bank savings accounts.
In order to encourage people to save more, financial institutions across the world have been celebrating The World Savings Day since 1924.
To mark this year’s World Savings Day, Wema Bank held financial education sessions with over 500 students from five secondary schools in various locations in the country on Monday, October 31, 2016.
According to Ugwuogbe Chidahe, a JSS 3 student at Olomu Community Junior Secondary School, Ajah
Saving among kids is an essential part of learning and growing up which should be encouraged very early in life. Savings can help kids to keep their parents out of financial trouble in emergency. Even though they are kids, it is important to have an emergency fund set aside to cover unexpected expenses. Kids little savings can go a long way to assist their parents, especially during a recession. For instance, such savings can be used to help their parents pay part of their school fees or assist in buying some essential things they need that their parents are unable to buy for them.
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