Skye Bank institutes financial literacy training for 500 schools

Skye Bank Plc has instituted a Financial Literacy Seminar series for secondary schools in the country designed to empower the Nigerian child and youth to be financially responsible citizens from early in life.

The seminar series is aimed at raising awareness on child and youth financial empowerment and inclusion by taking financial literacy seminar to schools in the country.

A statement by the bank said the initiative was one of its contributions towards ensuring the future economic prosperity of the country by empowering the youths with necessary financial and entrepreneurial skills.

'Studies have shown that financial literacy is an important component of sound financial decision making and a lot of positive correlations have been established between financial knowledge and self beneficial behaviour. This seminar will help the students acquire the necessary financial knowledge and develop corresponding financial intelligence that will be useful for their life's journey,' the statement explained.

The bank expressed its commitment to empowering the next generation of Nigerians to be confident, responsible and skilled economic citizens by extending financial education and services to them early in life.

The bank said the first leg of the seminar series took place in the South South geo political zone of the country, with over 100 schools benefitting from the exercise in Rivers, Bayelsa, Cross River and Akwa Ibom states. In all, over 500 schools across the country will benefit from the financial literacy seminars when the seminar takes place in the South West, Abuja/North Central, South East and the North later in the year.

The bank had last year adopted Government Day Secondary School, Wuse 2, Abuja, to train the students and provide them with materials on financial literacy to make them good and financially disciplined citizens.