Technology is more accessible in today’s world, causing a shift from traditional banking services to more user-friendly mobile platforms with low fees, flexible rates, efficient services and a frequent supply of investment tips.
“Technology has opened up another opportunity and possibility for the Nigerian youths to thrive,” said Deputy Governor Financial System Stability (FSS) of Central Bank of Nigeria (CBN), Aishah Ahmad, during the 11th National Company of the Year competition organized by First Bank of Nigeria Limited in collaboration with Junior Achievement Nigeria.
The annual competition carried the theme ”Innovation with Grit” this year. It created an opportunity for 12 teams from 12 different schools to present their business innovations to a team of five guests judges. The competition, aim to nurture entrepreneurship from a young age, was eventually won by Ikeretara Company from Secondary School Etoi, Uyo.
Meanwhile, First City Monument Bank (FCMB) aims to start with the basics by providing financial literacy training for hundreds of secondary school students in seven states across the country under a collaboration with CBN.
“We want our young ones, who are the hope and future drivers of Nigeria, to understand the prudent management of resources. They require this skill to secure their future,” said Group Head of Corporate Affairs at FCMB, Mr Diran Olojo.
FCMB Group’s Chief Executive, Mr Ladi Balogun, further explained that young Nigerians need to have money management skills such as budgeting, saving, and investing to achieve their financial security and freedom.
