Why Financial Literacy Matters – UBA GMD

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Research has shown that those who go through life with a high level of financial literacy usually make good and informed choices in life and often end up better financially and materially, says Phillips Oduoza, Group Managing Director and CEO of United Bank for Africa (UBA) Plc.

He said this on Thursday while teaching students of Girls Secondary School, Amenyi Awka, as part of the celebration of financial literacy day organized annually by the Bankers Committee and the Central Bank of Nigeria (CBN).

The event witnessed participation from over 200 students from seven different schools in Anambra State including Community Secondary School, Agulu, Ezi Awka Community Secondary School, Community Secondary School, Okpuno, Community Secondary School, Umuokpu and Capital City Secondary School, Awka.

Oduoza noted that financially smart people make financially smart families, communities and country, which leads to a higher standard of living for everyone.

Oduoza took the students through the basic concepts of making money, savings and investments while letting them know their capacity to make informed financial decisions will make them better adults in future.

Earlier, in the welcome address by Lady Winnie Ibezim, the Principal of GSS Awka, she thanked UBA for choosing GSS to celebrate the financial literacy day event. She said the school readily accepted to host the programme because of her strong believe that the financial literacy education will turn the students into good financial managers.

Also Mr. Tony Oli, Senior Special Assistant, Finance who represented the Anambra State Governor Chief Willie Obiano said UBA’s decision to celebrate the financial literacy day in the state is highly appreciated and ties in with the state governor’s efforts to promote education in the state.dailyindependent.