NDIC trains 400 Ogun students on financial prudency

The Nigeria Deposit Insurance Corporation (NDIC), has trained no fewer than 400 students drawn from different public and private secondary schools within Abeokuta, the Ogun State capital on financial prudency.

The training, was in commemoration of the 2023 World Savings Day, with the theme: “Conquer your tomorrow through Savings”, which took place at Lisabi Grammar School, Idi-Aba, Abeokuta.

Speaking at the training programme, the Controller, Abeokuta Zonal Office, NDIC, Mr Mohammed Lawal, said the programme was part of the organisation’s Corporate Social Responsibility (CSR).

Lawal, who was represented by the

Principal Manager, Bank Examination, Mr Elvis Oyakhilome, said the programme was designed “to catch them young and make the learners financially prudent.

“The intention of NDIC is to catch them young. The training is to ensure that you’re financially prudence while you’re young". 

He said, "the World Savings Day was launched on the 30th of October 1924, at the first International Thrift Congress in Milan, by Filippo Ravizza".

"International Savings day, as it was called back then, encouraged a universal day to observe saving. And this was reflected by financial attitudes of the two world wars. Since then, the importance of saving has been spread throughout the world, thanks to financial institutions, NGOs and so many more stakeholders".

"Everybody should know how to create a budget, how to track spending, and how to save for the future".

Declaring the workshop open, the Permanent Secretary, Ogun State Ministry of Education, Science and Technology, Mrs Bosede Ogunleye, commended NDIC for the programme, which according to her, would go a long way in shaping students’ future positively.

She called on the learners to cultivate the habit of saving for rainy days from a young age, saying the principle of being prudent was required for students on their pathway to success, and added that, “the habit of saving is education itself as it teaches self-denial.”

She noted that the programme was a literacy programme that every student should benefit from, stressing that the students need to be prudent financially.

"The NDIC has been teaching our students on how to be prudent in their spending, especially, with the present economic hardship in the country".

"As students, you should be able to prioritize your needs and draw scale of preference for your needs, after putting into consideration what you have at hand.