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Banks to mark Global Money Week

10 March 2014, 11:20Henry Ifeanyi

Lagos - Several local bank chief executive officers are this week expected to mentor pupils on financial literacy, which is part of activities to mark this year's Global Money Week.

According to the Bankers’ Committee, activities for the local financial literacy day celebration would officially begin on Thursday.

A statement by the committee, through its Financial Literacy and Public Enlightenment Sub-Committee (FLSC), said there would be visits by officials of the various financial institutions to schools adopted by their institutions.

This, the committee said, is in recognition of the role financial literacy plays in the economy, and in furtherance of its 2014 priorities, has mapped out activities targeted at primary and secondary school students.

Speaking on the activities, Emeka Emuwa, Chairman of the Financial Literacy and Public Enlightenment Sub-Committee and Group Managing Director of Union Bank said, “Financial Literacy is a key enabler in our quest to achieve Financial Inclusion for sustained economic growth and development in Nigeria. Members of the Bankers’ Committee are fully committed to stepping up our activities in this area.”

According to committee, the aim of both Global Money Week and Financial Literacy Day is to inculcate sound financial knowledge and fiscal planning skills in children and the youth.

Specifically, the committee said CEOs of financial institution will during their visit, teach selected students from the schools a module of a Financial Literacy curriculum specially designed by Junior Achievement Nigeria – a non-governmental organisation focused on educating children about their economic environment.

Other activities include visits by students to banks to observe bank activities.

The Central Bank of Nigeria will also be organizing a Child and Youth Finance Fair/ Exhibition in Abuja to mark the week.

– CAJ News

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