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From George Onyejiuwa, Owerri
The Nigeria Deposit Insurance Corporation (NDIC) has organised a one-day programme on financial management for secondary schools in Owerri, the Imo State capital, to commemorate the 2026 financial literacy day.
The programme, which was held at Government College Owerri, with the theme, “Smart Money Talks,” offered the students the opportunity to learn about basic financial principles, savings culture, and money management.
A manager of NDIC, Adaora Nwodo, stated that the programme is an annual awareness campaign of NDIC aimed at sensitising and educating the students on the basic financial principles and the importance of mastering the culture of financial discipline, which will help them in their growth and personal development.
She said that the annual programme on financial literacy is part of the NDIC’s Corporate Social Responsibility and efforts in empowering students and promoting financial literacy in the younger generation.
The Commissioner for Primary and Tertiary Education in the state, Prof. B.T.O Ikegwuoha, represented by Rev M.I.C Okereke, urged the students to embrace prudent financial practices, including regular savings, effective budgeting, and responsible spending, saying such habits would help them achieve their future goals and attain financial independence.
In his paper presentation, a Senior manager of NDIC, Mr. Abdulazeez Elayo, described NDIC as a superman that protects depositors and promotes confidence in the nation’s banking system, saying that with NDIC, deposits in licenced banks are safeguarded. He highlighted the functions of NDIC, which include supervision of licenced banks, guaranteeing deposit liabilities of licenced financial institutions authorised to accept deposits from the public. He further pointed out the core mandates of the corporation, like deposit guarantee, bank supervision, failure resolution, and bank liquidation.
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The second paper presented by Fyafa Ashasim, a senior manager of NDIC, talked about budget and its importance, saying that students should learn how to save and have emergency funds for unforseen circumstances.
“Financial literacy is not just about understanding how money works, but it’s about learning how to make it work for you. Saving is very important for every student. Students should learn how to manage and spend their money, especially on basic things that are more important and necessary.”
The Owerri Zonal Controller of NDIC, Mr Ugochukwu Obialor, further urged teachers to reinforce the lessons from the sensitisation programme in classrooms, stressing that continuous learning would help students understand and apply sound financial management principles in their daily lives.
Some of the students, who spoke to Daily Sun after the programme, expressed happiness for the awareness campaign.
Diala Chibuike, a student of SS2H, said the knowledge he acquired from the programme will empower him to become financially responsible. He applauded NDIC for the empowerment.
Also, Amadi Chigozie Pastor, from SS2 G, said he learnt how to manage and be prudent in spending money. He also commended the NDIC for the initiative and urged them to continue with the programme.
Highlight of the programme was presentation of gift items to some students and souvenirs to all the teachers and students present.
