How Heritage Bank promotes Financial Literacy

By Elizabeth Chukwuma

In alignment with the Central Bank of Nigeria’s CBN Financial Literacy Day, the Heritage Bank plc, one of Nigeria’s most Innovative Banking Service provider has joined the rest of the world in the celebration of 2022 Global Money Week.

This year’s Global Money Week was said to have been held between the 21st –  27th of March, 2022. According to informed sources, the Money Week Celebration marks the 10th anniversary of the annual event with the theme: “Build your future and be smart about money.”

A series of educational programs were said to have been lined up for the celebration, which had encouraged the Heritage Bank Management to be able to raise awareness amongst over 10,000 teens and youths across the 36 states of the Federation and improve on the capabilities of the  young people ‘’to make sound decisions when it comes to financial matters to secure their futures’’.

One of the activities to herald this year’s HMW was the partnership with the Heart-to-Heart Foundation on building successful families by educating married couples, counselling teens and young adults and holding awareness campaigns and to enlighten them on Financial Literacy.

Monye: Executive Director, E-Banking, At The Heritage Money Week Event And Others

 Jude Monye, the E-Bank Executive Director, had taken advantage of the Money week celebration  to reiterate  its commitments ‘’to further entrench financial inclusion’’, seeing financial literacy as a key enabler in the bank’s quest to driving financial inclusion, which could also be achieved when young Nigerians are properly educated on the importance of making sound decisions on money matters.

 Ozena Utulu, Ag. Group Head, Corporate Communications had stressed the importance of financial intelligence,noting that this would aid in securing the future of the young ones, as well as enable them to make better financial choices and create a sense of responsibility with money which would in turn finance their skills in the future. 

Utulu had advised the youths to “start saving now, make the right choices while spending money by creating a budget, identify the needs and wants and also imbibe the culture of savings, be smart about how money is spent and spend money wisely.”

He disclosed to the youths that money was exchanged in the past by trade by barter, which had translated to today cash, cheque books, Automated Money transfer, AMF, Automated Teller Machine ,ATM, Card amongst others currently  in use for transactions.

She had said  that Heritage Bank as part of its efforts in engendering the  saving culture, would assist commence saving with the various account opening packages like the Bud account for students and Tier 1 account for young adults.

 Stephine Oarhe, a Medical Doctor and Co-convener of The Heart foundation who also spoke at the  event may have  seen it as  opportunity ‘’to give kudos to the bank for being at the forefront to instil financial knowledge and saving culture amongst the younger generation’’.

She admonished parents not to entrust their responsibilities to children and allow them grow before assuming the adult responsibilities.

He  had advised the students  to focus on themselves to be able  to secure their future  instead of assuming Adult responsibility at a very  young age, warning parents not to saddle their children with too much responsibility that may be beyond them that push them into  fraud likeYahoo,that would make them regular guests of the Economic and Financial Crimes and Commission, EFCC.

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