FBNQuest Merchant Bank has partnered the United State Agency for International Development (USAID) Youth-Powered Ecosystem to Advance Urban Adolescent Health (YPE4AH) to design a programme to educate preteens and teenagers on how to preserve, save and grow money.
The Chief Financial Officer of FBNQuest Merchant Bank, Olamide Adeosun, said the partnership is part of measures in commemorating Global Money Week and also as part of FBNQuest’s Corporate Responsibility and Sustainability (CRandS) activities to promote financial literacy.
He said the organisation has continued to show its commitment to improving and deepening the financial knowledge of Nigerian children through its support of Global Money Week.
Adeosun said through the firm’s employee volunteering initiative, they have trained over 400 students on financial literacy across Nigeria.
At this year’s event with the theme ‘Plan your money, Plant your future’, he said the representatives focused more on the youths having clear and specific goals to guide their financial decisions.
Also, he said youths from the Araromi Youth Training Hub in Gbagada, Lagos, also benefited, where they provided insights and techniques on how the youths can commence their journey to financial independence.
The key topics discussed, he said, were centered on financial planning and cultivating healthy saving habits from a young age.
“These were communicated using simple relatable illustrations making it easy for the students to understand. The investment-certified professionals went further to cover and highlight how students can take advantage of investment opportunities from a young age, cultivating the habit of putting money away to meet goals requiring money.
“The schools spanned across Lagos, Rivers and Abuja. Questions on investing, preserving and securing their future financially were answered by the experts, who spoke during the interactive session,” he said.
Commenting on the partnership with USAID, Head Marketing and Corporate Communications at FBNQuest Merchant Bank, Barbara Ezeife, said: “At FBNQuest, one of our pillars as responsible corporate citizens focuses on driving financial literacy, as we believe it is pivotal to building sustainable economic growth and personal development. We remain committed to contributing to this collective goal by participating in more training that will enable us to add value to individuals across the country.”
The USAID Youth-Powered Ecosystem to Advance Urban Adolescent Health (YPE4AH) is aimed at improving the health and well-being of out-of-school youths in urban slums in selected communities in Lagos and Kano States.