The Central Bank of
Nigeria has said Nigerians lack the habit of saving, saying this has a negative
effect on the country’s economy.
The Ondo
State Branch Controller of the CBN, Mrs. Adeyemi Yusuf, stated this at the
World Saving Day programme organised for students of St. Peters Unity Secondary
School, Akure, the state capital. According to her, “saving habit is not very
encouraging in Nigeria, and I think it is not peculiar to Nigeria, it is a
worldwide thing and I think it is necessary for this kind of commemoration to
come up and create awareness from time to time.”
She
explained further that the “commemoration of the World Savings Day is one of
the platforms the CBN is using to raise awareness of children and the youths on
the importance of saving, which is expected to lead to an increase in the levels
of financial literary, financial inclusion thus culminating in a stable and
sound financial system and ultimately a positive economic environment.”
Stressing
the need for parents and guardians to start training their children on how to
save, the controller said it was imperative for every Nigerian to imbibe the
culture of saving so as to have a better economy and citizenry.
-Punch
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