By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Times ReportersTimes Reporters
  • Home
  • News
  • Politics
  • Business
    • Economy
  • Sports
  • Entertainment
  • About Us
  • Bookmarks
Search
  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
© 2024 Times Reporters | All Rights Reserved.
Reading: Embrace Saving Culture, Develop Financial Discipline, NDIC Admonishes Students 
Share
Sign In
Notification Show More
Latest News
NUPENG Denounces Allegations of Depot Dues Collection as Blackmail, Misinformation Campaign 
Labour News Oil & Gas
Corps Marshal Approves Deployment Of Senior Officers Nationwide For Effective Service Delivery
Civil Service Metro Motoring News Transportation Travel/Leisure
Teens Shine Bright at Fabulous Minds Women Initiative’s ‘Speak, Shine, and Succeed’ Workshop In Abuja
Education Labour Metro News Youths
Come to my rescue from Imo Police’s Tiger Base, Offor cries to Senate, IGP, others
Crime Insecurity Metro News
NIMC Boss Lauded  For Enhanced Capacity Building As All 3,785 NIMC Staff Undergo Training
Awards and Recognitions Business Civil Service News
Aa
Times ReportersTimes Reporters
Aa
  • Home
  • News
  • Politics
  • Business
  • Sports
  • Entertainment
  • About Us
Search
  • Home
  • News
  • Politics
  • Business
  • Sports
  • Entertainment
  • About Us
Have an existing account? Sign In
Follow US
  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
© 2024 Times Reporters | All Rights Reserved.
Times Reporters > Business > Embrace Saving Culture, Develop Financial Discipline, NDIC Admonishes Students 
BusinessNews

Embrace Saving Culture, Develop Financial Discipline, NDIC Admonishes Students 

Publisher
By Publisher Published July 13, 2023
Share
4 Min Read
SHARE

 

The Nigeria Deposit Insurance Corporation (NDIC) has advised students to embrace financial savings, budgeting habits and develop financial discipline at all times for a productive and better living.

The NDIC Zonal Controller in Sokoto, Mr Umar Kaoje-Bello, gave the advice on Wednesday at a lecture organised by the corporation to commemorate 2023 Financial Literacy Day at Hafsatu Ahmadu Model Arabic Secondary School, Sokoto.

The News Agency of Nigeria (NAN) reports that the event witnessed presentation of lectures on two topics: ”Plan your money, Plan your Future”, and ” Mandates and Operations of NDIC”.

In a presentation, Kaoje-Bello said that NDIC had been mentoring secondary school students on the benefits of efficient savings and money management.

He said the aim was to encourage financial prudence and management as well as encourage savings and proper budgeting habits among students.

Kaoje-Bello said it was also to accelerate investment growth in the nation’s economy through financial literacy, resource management, budgeting and saving culture.

He said the exercise provided opportunity to educate youths on commercial and microfinance banks’ activities as well as dangers of keeping money in unsecured environment.

According to him, good savings and proper budgetary habits will encourage prudence, transparent dealings and the growth of businesses.

He therefore advised students to utilize their skills on monetary value, power of choice, investment and planning, spending priority and other financial engagements.

Kaoje-Bello also urged them to be wary of financial frauds, which mostly occur through online banking, Point-of-Service operators and others, due to greed and eagerness to obtain cheap proceeds.

He said that the agency remained committed to promoting savings, budget culture, and remodeling of youths to improve their financial inclusion.

Mr Tanko Ibrahim, the Manager, the Corporate and Communications Department of NDIC, said the agency was desirous to derive financial inclusion on peoples’ daily activities, especially rural dwellers.

Tanko explained that the primary objective of the deposit insurance system in the country was to protect the interest of small depositors, promote public confidence and ensure financial system stability.

“The NDIC also wants to promote saving culture and financial planning.

“In spite of the difficulty in earning money, some people are still reckless with it due to the lack of budgeting.

“If you have a budget, you do not spend your money outside the budget lines,” Tanko said.

He said the NDIC is responsible for paying half a million and below for commercial bank depositors and N200,000 for microfinance institutions, when liquidated.

Tanko led students to a question and answer session after a video show on financial management, NDIC functions and educational activities.

Contributing, the Sokoto Branch Controller, Central Bank of Nigeria (CBN), Mr Dahiru Usman, said commercial banks and microfinance institutions were available in the country with strict regulations on safeguarding deposits and financial transactions.

Mr Aliyu Umama, from the Drug Demand Reduction Unit of the National Drugs Law Enforcement Agency (NDLEA), Sokoto State Command, cautioned students on the dangers of drug abuse and related transactions.

The school Principal, Hajiya Hadiza Bature, described the event as beneficial and urged the students to take advantage of the event to change their attitude to saving money.

In his remark, the state Director of Schools, Ministry of Basic and Secondary Education, Alhaji Bala Junaidu, lauded NDIC for bringing the programme to the school and hoped it would help to inculcate in the students better monetary planning for their future. (NAN).

Like this:

Like Loading...

Related

You Might Also Like

NUPENG Denounces Allegations of Depot Dues Collection as Blackmail, Misinformation Campaign 

Corps Marshal Approves Deployment Of Senior Officers Nationwide For Effective Service Delivery

Teens Shine Bright at Fabulous Minds Women Initiative’s ‘Speak, Shine, and Succeed’ Workshop In Abuja

Come to my rescue from Imo Police’s Tiger Base, Offor cries to Senate, IGP, others

NIMC Boss Lauded  For Enhanced Capacity Building As All 3,785 NIMC Staff Undergo Training

TAGGED: NDIC

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Publisher July 13, 2023
Share this Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Telegram Email Copy Link Print
Share
Previous Article Shippers Council moves to end insecurity, restore sanity in Eastern ports
Next Article NCAA Suspends Max Air Domestic Operations
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe
Telegram Follow

– Member of –

- Advertisement -
Ad imageAd image

Latest News

NUPENG Denounces Allegations of Depot Dues Collection as Blackmail, Misinformation Campaign 
Labour News Oil & Gas September 16, 2025
Corps Marshal Approves Deployment Of Senior Officers Nationwide For Effective Service Delivery
Civil Service Metro Motoring News Transportation Travel/Leisure September 14, 2025
Teens Shine Bright at Fabulous Minds Women Initiative’s ‘Speak, Shine, and Succeed’ Workshop In Abuja
Education Labour Metro News Youths September 14, 2025
Come to my rescue from Imo Police’s Tiger Base, Offor cries to Senate, IGP, others
Crime Insecurity Metro News September 14, 2025

You Might also Like

LabourNewsOil & Gas

NUPENG Denounces Allegations of Depot Dues Collection as Blackmail, Misinformation Campaign 

September 16, 2025
Civil ServiceMetroMotoringNewsTransportationTravel/Leisure

Corps Marshal Approves Deployment Of Senior Officers Nationwide For Effective Service Delivery

September 14, 2025
EducationLabourMetroNewsYouths

Teens Shine Bright at Fabulous Minds Women Initiative’s ‘Speak, Shine, and Succeed’ Workshop In Abuja

September 14, 2025
CrimeInsecurityMetroNews

Come to my rescue from Imo Police’s Tiger Base, Offor cries to Senate, IGP, others

September 14, 2025
Times ReportersTimes Reporters
Follow US

© 2024 Times Reporters | Deigned by AuspiceWeb Graphics. All Rights Reserved.

  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
Join Us!

Subscribe to our newsletter and never miss our latest news!

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?
%d