Some stakeholders in the education sector in Lagos State are proposing the establishment of investment clubs in secondary schools across the nation to foster financial literacy amongst students.
The proposal was part of discussions during the 2023 Financial Literacy Day Seminar organised for some selected schools in Lagos State by the Nigeria Deposit Insurance Corporation, NDIC with the theme: “Plan your money, plant your future.”
One of the participants at the event, a Director at the Ministry of Education, Lagos State, Mr. Adeyemi Adebayo while appreciating the NDIC for the lecture, assured the organisers that the Ministry of Basic Education Services would work towards the establishment of the invesment clubs within schools across Lagos State given it’s importance.
According to him, it will help students imbibe the culture of saving and proper money planning in the early stage of life.
“The Nigeria Deposit Insurance Corporation, NDIC has done a very great thing. And when you listen to what the children are saying, you will discover that the children are enthusiastic about it, they are excited about it. And in the long run, the Ministry of Education will encourage the establishment of investment clubs in our schools across Lagos State”, he said.
For his part, the Principal of Immaculate Heart Comprehensive Secondary School, Mr Morenikeji Badejo stated that catching the students young on financial literacy was a good initiative.
He said “I believe that they are not too small to start thinking how to plan on money, how to do things in order, concerning finances. Its not all money that gets to their hand they must spend.”
The Nigeria Deposit Insurance Corporation, (NDIC) organised the seminar as part of its efforts in commemorating the 11th annual Global Money Week, (GMW), that was held worldwide between the 20th to 26th of March, 2023.
GMW is an annual global awareness-raising campaign on the importance of ensuring that young people, from an early age, are financially aware, and are gradually acquiring the knowledge, skills, attitudes and behaviours necessary to make sound financial decisions and ultimately achieve financial well-being and financial resilience.
Olusola Akintonde
