The Nigeria Deposit Insurance Cooperation(NDIC) has trained about 200 students cut across public and private secondary schools in Adamawa state on financial literacy.
The NDIC trained the affected students drawn from 10 schools while celebrating 2023, "Financial Literacy Day" with the theme:" Plan Your Money, Plant Your Future".
Speaking at the event held at GGSS Yola, on Thursday, the Commissioner Ministry of Education and Human Capital Development, Wilbina Jackson, commended NDIC for hosting the event, saying the event could not have come at better time than now.
Wilbina, also applauded NDIC for its continued efforts in promoting financial literacy in Nigeria, saying being financially literate, will enable one to have the tools needed to make informed decisions, achieve goals and build a better future.
The Commissioner who was represented at the event by the Director Human Capital Development of the Ministry, Muktar Aminu Tukur, said that the event will prepare the students for a better future.
She charged them to use the opportunity and develop their financial literacy skills, urging them to attend workshops, read books and articles on personal finance, as well as talk to their parents, teachers and experts for guidance.
"As young students, it is important that you start developing financial literacy skills at an early age, as it will serve you well throughout your life. Wilbina added.
According to her, financial literacy is the ability to understand and effectively manage their finances, saying it involves knowing how to make informed financial decisions, how to manage money, and how to plan for the future.
She disclosed that there are a lot of benefits of being financially literate, as it can help one to achieve his or her goals, reduce stress, and improve his or her overall well-being.
Wilbina Jackson, had while emphasizing the importance of financial literacy and its relevance to the students' future success, assured that it will aid them to make intelligent decision about their education, career and future.
In his presentation, the Controller NDIC Yola Zonal Office, Victor Ndoma Egba(jnr) said that the event was organised primarily to teach participants on how to save and grow investment in future so that they will not be relying on government for job opportunities.
Victor Ndoma, said that their effort is to ensure that the students imbibe saving habits and start planning towards it, and that by so doing, Nigeria will be better for all.
The Controller added that the event will help students understand how to save for future use, make wise investment in order to help themselves, family, friends and the society in general.
While presenting her paper entitled, "Mandate and Operations of NDIC", the Principal Manager Communication and Public Affairs Department of the NDIC, Regina Josiah Dimlong, explained that the NDIC guarantees or protects money deposited in banks and supervises the banks.
Regina added that the organisation also ensures settlement of claims to depositors among others in case of liquidation, saying that another mandate is failure resolution and designed to ensure that failing and failed institutions are resolved in a timely and efficient manner.
She tasked cross section of students to transfer the knowledge acquired to their colleagues, parents and the society in general.
Other dignataries as well as students who spoke at the event, thanked the NDIC for organising such an event, and promised to effectively utilize the knowledge acquired.
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