NGThe Nigeria Deposit Insurance Corporation (NDIC) urged youths in Ibadan to prioritize saving over risky investments like Ponzi schemes, emphasizing the importance of financial literacy. Speaking at a Financial Literacy Day event at Lagelu Grammar School, NDIC's Assistant Director, Mr. Adegbenga Fagbuyi, explained that building legitimate wealth requires understanding the financial system, setting financial goals, and practicing disciplined saving. He noted that youths are key targets of Nigeria's financial inclusion initiatives, which aim to integrate more people into the formal financial sector through education on banking, insurance, and investment. Fagbuyi highlighted the role of the NDIC in protecting savers' funds by ensuring bank stability and offering deposit insurance. The program, organized by the Bankers’ Committee, has been running for over a decade and aims to sensitize thousands of students annually on essential financial practices.
Bias read (Center): While the article discusses financial policies and government initiatives related to economic development, it presents the message as a neutral educational effort by the NDIC and the Bankers’ Committee. There is no overt ideological slant or emphasis on specific political agendas. The focus remains,
