Nigeria Deposit Insurance Corporation Tasks Students on Saving, Investment Habits

Kemi Olaitan in Ibadan 

The Nigeria Deposit Insurance Corporation (NDIC) has called on youths especially students in the country to imbibe the culture of saving, financial discipline, and investment as part of efforts to drive national prosperity and financial inclusion.

The call was made during the 2026 Financial Literacy Day celebration held at Lagelu Grammar School, Agugu, Ibadan, organised by the NDIC.

The Assistant Director, Communication and Public Affairs of the Corporation, Mr. Adegbenga Fabuyi, while delivering a paper on, “Smart Money Talk,” said the programme was designed to orient young people on spending wisely by prioritising needs over wants, urging the students on the importance of saving with banks, setting financial goals, maintaining financial discipline, and keeping good company. 

According to him, the financial literacy programme was part of activities marking Global Money Week, adopted by the Bankers’ Committee in Nigeria to mentor young people on savings and investment.

Speaking at the event, the Oyo State Commissioner for Education, Science and Technology, Hon. Olusegun Olayiwola, represented by the Permanent Secretary, Education Inspectorate, Ibadan 1, Alhaji Lukuman Kareem, appreciated the NDIC for selecting a school in Ibadan for its sensitisation programme, stating that such initiatives must go beyond the classroom to shape young minds.

“Young children cannot do what is expected of them unless they are properly guided. Not everything can be taught in the classroom. Sometimes, issues like this are better addressed outside the classroom,” he said.

The Principal of Lagelu Grammar School (Senior), Mr. Gbolagade Adeyanju, in his remarks, commended the NDIC for selecting the school as a beneficiary of the 2026 edition, stating that the programme would be of immense benefit to both students and teachers.