Deputy Manager, Suntrust Bank, Adedotun Adeniran, has advised pupils of Government Secondary School, Kuje, Abuja, to cultivate the habit of savings, even as students.
Adeniran, who spoke on the theme: Savings Give Life a Lift, urged the students to imbibe savings culture for guaranteed future endeavours.
The Central Bank of Nigeria ( CBN) had instructed banks in the country to sensitise pupils of different schools on the gains of savings to mark this year World Savings Day.
Towards this end, SunTrust Bank visited some schools, including Government Secondary School in Abuja, to enlighten students on the need to put away some money, no matter how small, for the rainy day.
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Adeniran said savings has to do with a portion of income not spent, or money put aside for future use.
He noted that one does not necessarily have to be a worker to have savings, adding as students they could save part of their pocket money.
Explaining why they should cultivate the habit of savings, using the CBN hand- out, Adeniran said savings enhances “financial independence”, takes care of emergencies, accommodation, education, self- development, among other benefits.
He further stressed that saving money should be intentional. He reminded them that savings is not the absent of spending but at least keeping 10 % for a specific purpose.
He added that saving is better done with financial institutions, which in turn can help them access loan in the future.
He encouraged them to open account with any bank of their choice and develop the spirit of entrepreneurship.
