By Shina Abubakar Osogbo

The Nigeria Deposit Insurance Corporation, NDIC, on Friday hold a day capacity building training for 200 public secondary school students on imbibing the culture of savings and investment.

The event, which was organized to commemorate the 2025 World Savings Day, themed; “Building Financial Resilience”, was aimed at enlightening the students on the importance of savings and entrepreneurship towards building a greater economy.

Speaking with newsmen at the event, NDIC’s Assistant Director, Communication, Public Affairs Department, Mr Adegbenga Faloye said the major objective of the event is to inculcate the culture of savings ans wealth creation in the youths.

He said the programme was adopted by the Bankers Committee, the Central Bank, the NDIC and all the Banks in Nigeria with a view to mentoring the habit of savings in secondary school students and grow with the culture.

“This is not about savings account. The objective is not only to sensitize youth or to train youth on how to save in banks. But stepping beyond that, to building wealth, moving from just savings to investing. If you save in a bank you rarely earn much, at best you will earn a token called interest in your account. But the bank will use your money to trade and earn more money so when you build and accumulate money you need to also develop the capacity on how to invest beyond savings in an account to investing.

“Most importantly, it is very crucial for the youth because in this era of get rich quickly syndrome, they always look for fast way to get money. We are telling them that there is no fast way, there is no quick way to make money, especially over night. You need to develop the knowledge, the capacity and start to build it gradually but they need to know even as students; if they are safe”, he said.

He added that the students drawn from 10 public schools in the state capital would also be empowered on financial literacy to build their ability to decipher money language.