The Managing Director and Chief Executive Officer of Unity Bank Plc, Mr. Ebenezer Kolawole, has called on young Nigerians to cultivate a strong savings culture, emphasizing that consistent savings is key to financial stability, resilience, and long-term wealth creation.
Mr. Kolawole delivered the charge while addressing students at Alvana Model Secondary School, Owerri, Imo State, during a financial literacy training organized by the Bank to mark this year’s World Savings Day.
Represented by Mr. William Odigie, Unity Bank’s Zonal Head, South East/South South, Mr. Kolawole reiterated the Bank’s commitment to promoting financial inclusion among youths. This year’s World Savings Day was celebrated under the theme: “Beyond Savings – Building Financial Resilience.”
The Bank participated in nationwide financial literacy sessions coordinated by the Central Bank of Nigeria (CBN), the Bankers’ Committee, Deposit Money Banks, and Junior Achievement Nigeria. These sessions are designed to equip young people with practical money management skills and encourage financial discipline from an early age.
“Savings is foundational to financial planning, management, and investment. Youths must imbibe the culture of savings not just as a financial activity, but as a tool to achieve financial security and independence in the long run,” Mr. Kolawole said.
He highlighted that early financial literacy helps young people mitigate uncertainties and economic shocks, providing a strong foundation for achieving personal and professional goals.
The training sessions, facilitated by Unity Bank staff across multiple states, offered students practical lessons in budgeting, setting financial goals, and managing personal finances through seminars, workshops, and interactive sessions.
World Savings Day, celebrated annually on October 31, underscores the importance of savings as a cornerstone of economic resilience. In Nigeria, Deposit Money Banks collaborate with the CBN and other partners to deliver educational programmes that empower students with lifelong financial skills.
Unity Bank’s active participation demonstrates its continued dedication to youth development, financial empowerment, and building a more financially literate Nigeria.