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Mohammed Abubakar
The Nigeria Deposit Insurance Corporation (NDIC) has successfully trained 200 students from Government Girls Unity College, Damaturu, in vital financial literacy skills.
The training, held on Wednesday as part of the 2026 World Financial Literacy Day, focused on the theme “Smart Money Talks” and underscored the significance of savings, financial discipline, and prudent money management among youth.
Speaking at the event, Musa Kabir Rasheed, Senior Manager at NDIC, emphasized the initiative’s goal to equip young individuals with essential knowledge and skills for informed financial decision-making and to foster responsible citizenship.
He described financial literacy as an essential life skill that helps students cultivate healthy financial habits early on, preparing them for future responsibilities.
Rasheed urged students to practice discipline in their money management and to distinguish between needs and wants.
“Many individuals face financial challenges by prioritizing desires over essential needs,” he cautioned. He stressed that developing this understanding early could lead to better financial choices and a more secure future.
The NDIC official also promoted the importance of a savings culture, advising students to start saving, irrespective of the amount. “Consistent saving fosters financial security and prepares you for unexpected situations,” he noted, adding that the habit of saving is more crucial than the amount saved.
Mahmud Dahiru, another Senior Manager at NDIC, elaborated on the corporation’s functions and mandates, discussing its role in safeguarding depositors’ interests and enhancing confidence in the banking system.
He highlighted Financial Literacy Day as a critical occasion for promoting financial education and increasing financial inclusion among youth.
“Understanding financial concepts like savings, budgeting, and responsible spending is essential for personal and economic development,” Dahiru stated.
The Commissioner for Basic and Secondary Education, Prof. Abba Idris Adam, represented by Quality Assurance Director Adamu Garba, praised the NDIC for this commendable initiative and urged students to apply the lessons learned in their daily lives.
Dr. Mohammed Goje, Acting Secretary to the Yobe State Government, also commended the NDIC, describing financial literacy as a vital tool for personal growth and future success. He encouraged students to take the program’s lessons seriously and develop a culture of saving and financial planning to avoid future challenges.
The event featured interactive sessions on budgeting, savings culture, and responsible money management, aimed at empowering students to make sound financial decisions and build a secure financial future.
