Business
Unity Bank Empowers Students Nationwide Through Financial Literacy Training
Unity Bank Empowers Students Nationwide Through Financial Literacy Training
Unity Bank Plc, a leading financial institution in Nigeria, recently took a significant step towards enhancing financial literacy among students across the country. The bank organized financial literacy training sessions in 15 schools spanning all geopolitical zones as part of its contribution to the 2024 Global Money Week initiative.
According to a report by NewsReport, the Financial Literacy Training program was designed in alignment with the objectives of the Central Bank of Nigeria and the Bankers Committee to promote financial inclusion. The Managing Director/Chief Executive Officer of Unity Bank, Mrs. Tomi Somefun, actively participated in the program by leading a session on financial literacy at the NYSC Demonstration Secondary School in Calabar, Cross River State.
Mrs. Somefun, represented by Unity Bank’s Chief Compliance Officer, Mrs. Patricia Ahunanya, shared valuable insights with the students on the importance of cultivating savings habits, making wise investments, and developing effective money management skills from an early age. The aim was to instill financial discipline, empower the students with essential financial management skills, and encourage the adoption of a savings and investment culture. As a token of recognition, outstanding students were acknowledged, and awards were presented during the session.
The Global Money Week (GMW) is an annual global campaign dedicated to promoting financial literacy among young people worldwide. The initiative aims to equip them with the necessary knowledge, skills, attitudes, and behaviors to make informed financial decisions and achieve financial well-being. With over 40,000 organizations participating each year, the GMW has a collective impact on more than 60 million children globally.
In Nigeria, the Central Bank of Nigeria (CBN) and the Bankers Committee, in collaboration with Junior Achievement Nigeria, spearhead the activities for Global Money Week. Financial institutions with nationwide coverage actively participate in this initiative, contributing to the overall goal of enhancing financial literacy among the youth.
Unity Bank’s commitment to empowering students through financial literacy training not only aligns with the objectives of the Global Money Week but also underscores the bank’s dedication to promoting financial inclusion and education in Nigeria. By nurturing a generation of financially literate individuals, Unity Bank is playing a pivotal role in shaping a financially savvy and secure future for the youth of the nation.
In conclusion, the financial literacy training organized by Unity Bank serves as a testament to the bank’s social responsibility and commitment to driving positive change through education and empowerment. By equipping students with essential financial skills and knowledge, Unity Bank is contributing to the development of a financially aware and empowered generation that is poised to make informed financial decisions and secure a prosperous future.