Nigeria: FirstBank takes financial literacy to 3,000 students

First Bank of Nigeria Limited promoted financial literacy education among 3,000 students across the country, as it joined the rest of the world to participate in the 2023 edition of Global Money Week.

In a statement, the Chief Executive Officer, FirstBank Group, Dr Adesola Adeduntan, while leading the staff of the bank during the Global Money Week/Financial Literacy Day, promoted and inspired young people to learn about money, livelihoods and entrepreneurship.

Adeduntan hosted a virtual knowledge sharing on the ethics of managing money at Redeemers Secondary School Libya road, Narayi Junction barnawa Kaduna State, the statement said.

Complementing the FirstBank Group CEO’s efforts, other FirstBank staff visited at least one school in 20 states, including the FCT, where over 3,000 children were engaged with the rudiments of financial literacy, it added.

The bank said the 2023 edition of the GMW themed ‘Plan your money, plant your future’, was specifically selected to prompt young people to be forward-looking and to expand their knowledge base about making sound financial decisions.

So far, it added, the bank’s FutureFirst Initiative had influenced over 85,000 secondary school students on career counselling, financial literacy and entrepreneurship.

“In addition to this, the bank, through its children& Products – KidsFirst (0-12 years) and MeFirst (13-17 years) accounts – aims at encouraging the right savings culture among children across various age ranges,” the statement said.

First Bank noted that GMW reiterated the bank’s resolve at promoting the need to secure the future of the younger generation through various endeavours like our FutureFirst initiative and, MeFirst and KidsFirst products and services, specifically designed to put young customers at an advantage.

The statement said, “ An astute understanding of the concept of money during one’s childhood is a critical asset for one to be exposed to as it keeps the mind productively empowered in making smart money decisions to not just secure the future but its betterment.

“The bank continues to encourage young people to develop their money knowledge and skills, by giving them the confidence to make informed financial decisions that positively impact them, both now and in the future.”