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9PSB Promotes Financial Inclusion Among Youths
9 Payment Service Bank (9PSB), a digital payment institution, has expanded its financial literacy program to secondary schools in Lagos, Kano, and Abuja to encourage financial inclusion and close the wealth gap among the nation’s youth.
In recognition of Financial Literacy Day, the bank ran a mentoring program concurrently at three distinct sites: Ajao Estate Senior Grammar School in Isolo, Lagos; Wuse Comprehensive Secondary School in Abuja; and Kano Capital Girls Secondary School in Kano.
The event, which was held as part of the bank’s activities to mark the 2023 Global Money Week being championed by the Central Bank of Nigeria (CBN), sought to bring financial literacy and education to students.
Delivering a lecture woven around the theme of the Global Money Week: “Plan your Money, Plant your Future”, the Chief Executive Officer of 9PSB, Branka Mracajac, said financial literacy has become a necessity for everyone, particularly the youths in the digital age, to prepare them for making informed decisions especially in matters relating to money, savings and investment.
Highlighting the need to grow money through investment and the dangers of wrong or uninformed investments, Mracajac emphasised the need to invest in proper channels and include a financial plan to avoid bankruptcy.
‘’It is important to highlight that this laudable mentoring programme is being championed by the Central Bank of Nigeria and 9PSB is fully in support of the initiative, as it perfectly fits into our social objective as a bank. There is no doubt; one way to drive financial inclusion is through financial literacy, which is exactly what we have done here.
“Financial literacy is very important in the process of driving financial inclusion. There is no better time to start than now with students at this level because they are the leaders of tomorrow,” Mracajac remarked.
The occasion was used to formally introduce the 9PSB Financial Literacy Club, a corporate social responsibility initiative of the bank to the schools.