By Chris Ochayi
ABUJA— Security and Exchange Commission, SEC, yesterday enjoined pupils in primary schools to imbibe the skills of financial planning and discipline by saving money in piggy bank to secure their future.
An Assistant Director, Investors’ Education Division, Market Development at SEC, Mr. Francis Okafor, who gave the charge at the event to commemorate the Global Money Week and Financial Literacy Month in Abuja, said, financial literacy should be inculcated in children from the cradle.
Okafor, while addressing pupils from selected schools during the premiere edition of ‘Your finances project “for primary schools in the FCT,’ organised by Life Skills Experts, to commemorate the event, also charged parents to encourage their children to save money instead of spending much to buy biscuits, chocolates and sweets.
According to him, “This is Global Money Week, it is a programme organised internationally, with the theme this year being Money Matters Mater. It is a programme that’s trying to bring financial matters to the cradles, especially the kids and the youths for this year. That is the focus of Money Week this year, encouraging financial literacy all over the world.
“In this part of the world, children don’t seem to understand the use and the purpose of money and that is why there is need to teach them from the cradle to know how to use money and to save money and eventually to invest money.”
“ In this country, you see children talk about biscuits, chocolates, sweets and so on. We know that they are good things for the children but we have to encourage them to reduce or probably defer gratification and save money for future use.