Phillips Oduoza,
the Group Managing Director of United Bank for Africa (UBA) Plc, has called on
parents to ensure that their children become financially smart at an early age
stating that “Financially smart kids will become wealthier adults”.
the Group Managing Director of United Bank for Africa (UBA) Plc, has called on
parents to ensure that their children become financially smart at an early age
stating that “Financially smart kids will become wealthier adults”.
Kogi
State Governor, Captain Idris Wada; GMD/CEO, UBA Plc, Mr. Phillips Oduoza,
officials of Kogi state and UBA with students of Crowther Memorial College
Lokoja, during financial literacy training programme for students, an
initiative of CBN, held in Lokoja
State Governor, Captain Idris Wada; GMD/CEO, UBA Plc, Mr. Phillips Oduoza,
officials of Kogi state and UBA with students of Crowther Memorial College
Lokoja, during financial literacy training programme for students, an
initiative of CBN, held in Lokoja
He gave the advice
while teaching students of Crowther Memorial College, Lokoja, Kogi State,
financial literacy skills, taking them through the basics of savings, budgeting, pensions,
insurance and investments.
while teaching students of Crowther Memorial College, Lokoja, Kogi State,
financial literacy skills, taking them through the basics of savings, budgeting, pensions,
insurance and investments.
“When we were
growing up, no one thought us about money. We were thought biology, physics,
chemistry, economics, but nothing about money. Yet we all grow up realizing
money is something we have to deal with everyday. That is why the Banker’s
Committee of the Central Bank of Nigeria, decided to embark on this
initiative.” Oduoza said.
growing up, no one thought us about money. We were thought biology, physics,
chemistry, economics, but nothing about money. Yet we all grow up realizing
money is something we have to deal with everyday. That is why the Banker’s
Committee of the Central Bank of Nigeria, decided to embark on this
initiative.” Oduoza said.
Oduoza also
explained that UBA decided to come to Lokoja to carry out its financial
literacy training because it realizes such education should not be restricted
to students in the big cities only. He advised the students to take an interest
in knowing about money as it will make them better adults in future.
explained that UBA decided to come to Lokoja to carry out its financial
literacy training because it realizes such education should not be restricted
to students in the big cities only. He advised the students to take an interest
in knowing about money as it will make them better adults in future.
Also speaking at
the occasion, Captain Idris Wada, the Governor of Kogi State, commended the GMD
for taking time off his very busy schedule to personally come to teach the
students financial literacy skills.
He commended UBA, the Central
Bank of Nigeria (CBN), and the Bankers Committee for taking on the initiative
of introducing students to financial concepts.
the occasion, Captain Idris Wada, the Governor of Kogi State, commended the GMD
for taking time off his very busy schedule to personally come to teach the
students financial literacy skills.
He commended UBA, the Central
Bank of Nigeria (CBN), and the Bankers Committee for taking on the initiative
of introducing students to financial concepts.
GMD/CEO, UBA Plc, Mr. Phillips Oduoza; MD, UBA
Foundation, Ms Ijeoma Aso; Regional Bank Head, Central, UBA Plc, Mr. Ibrahim
Puri with students of Crowther Memorial College, during financial literacy
training programme for students, an initiative of CBN, held in Lokoja
Foundation, Ms Ijeoma Aso; Regional Bank Head, Central, UBA Plc, Mr. Ibrahim
Puri with students of Crowther Memorial College, during financial literacy
training programme for students, an initiative of CBN, held in Lokoja
“There is no
doubt that this initiative will create a generation of adults who will have a
better understanding of money, how to make money and most importantly, how to
manage it.” The Governor said.
doubt that this initiative will create a generation of adults who will have a
better understanding of money, how to make money and most importantly, how to
manage it.” The Governor said.
The governor
explained that he personally attended the training because of the priority his
government places on education.
explained that he personally attended the training because of the priority his
government places on education.
He disclosed that
UBA’s contribution to education development in the state has been significant
and called on other financial institutions in the state to contribute to the
economic development of the state.
UBA’s contribution to education development in the state has been significant
and called on other financial institutions in the state to contribute to the
economic development of the state.
Earlier, Ijeoma
Aso, the MD/CEO, UBA Foundation, donated several copies of literature books to
Crowther Mermorial College under the UBA
Foundation’s Read Africa Initiative.
Aso, the MD/CEO, UBA Foundation, donated several copies of literature books to
Crowther Mermorial College under the UBA
Foundation’s Read Africa Initiative.
She asked the
students to ensure that they read at least one book a month, so that they will
read a minimum of 12 books in a year.
students to ensure that they read at least one book a month, so that they will
read a minimum of 12 books in a year.
Also speaking, Mrs
Grace Elebiyo, the commissioner education, Kogi State, commended UBA for coming
to the school to educate the children on financial issues. He said that the
initiative will have a long term impact on the well being of the students in
future.
Grace Elebiyo, the commissioner education, Kogi State, commended UBA for coming
to the school to educate the children on financial issues. He said that the
initiative will have a long term impact on the well being of the students in
future.
She advised that
the students to imbibe the culture of savings and investing at an early age.
She also called on the bank to spread financial literacy education to all
schools in Kogi State, so that more students will be exposed to financial
knowledge while requesting that UBA collaborate with the State in developing a
financial literacy curriculum for schools.
the students to imbibe the culture of savings and investing at an early age.
She also called on the bank to spread financial literacy education to all
schools in Kogi State, so that more students will be exposed to financial
knowledge while requesting that UBA collaborate with the State in developing a
financial literacy curriculum for schools.
Oduoza took time
after his lecture to answer questions from the students.
after his lecture to answer questions from the students.
Students asked
different questions different aspects of finance bordering on savings, the
difference between needs and wants, pensions, how to better manage their pocket
money which the UBA GMD provided answers.
different questions different aspects of finance bordering on savings, the
difference between needs and wants, pensions, how to better manage their pocket
money which the UBA GMD provided answers.
