FG trains 200 Osun students on financial inclusion

The Federal Government has organized a training program for approximately 200 students from 10 public schools in Osun State to expose them to key aspects of the country’s financial system.

The initiative, organized by the Nigeria Deposit Insurance Corporation (NDIC) in Osogbo on Friday, aims to promote financial literacy and instill a savings culture among young Nigerians.

Addressing participants at the event, NDIC Assistant Director in the Department of Communication and Public Affairs, Adegbenga Fabuyi, explained that the initiative was designed to include every stratum of society in the government’s financial inclusion drive.

Fabuyi noted that the training was organized to commemorate the annual World Savings Day and to inculcate a culture of savings among the younger generation.

By targeting students from public schools, the program seeks to equip young people with essential knowledge and skills for managing personal finances, understanding banking services, and making informed financial decisions.

Financial inclusion remains a critical priority for the government, as millions of Nigerians, particularly in rural areas and among youth populations, lack access to formal financial services or adequate knowledge about how to use them effectively.

The program is expected to cover topics such as savings, budgeting, digital financial services, understanding bank accounts, and the importance of financial planning from an early age.

Experts believe that enhancing financial literacy among students can have long-term benefits, including reduced poverty levels, improved entrepreneurship, and greater economic participation across society.

Similar training programs are expected to be rolled out in other states as part of the national strategy to achieve widespread financial inclusion and literacy among Nigerians.