Polaris Bank Promotes Savings Culture Among Katsina Students
Polaris Bank has intensified efforts to promote financial literacy and responsible money management among young Nigerians, engaging students in Katsina State in an initiative aimed at instilling a savings culture and encouraging financial discipline from an early age.
The initiative, organised to commemorate World Savings Day, provided an opportunity for students to learn practical money management skills, including the importance of saving, setting financial goals, making informed spending decisions and developing responsible financial habits.
The Managing Director/Chief Executive Officer of Polaris Bank, Mr Kayode Lawal, said the bank remained committed to advancing financial inclusion through education and community engagement, particularly among young people.
Lawal explained that equipping students with financial knowledge early in life would help them develop the discipline and confidence required to make sound financial decisions as they grow older.
He said, “At Polaris Bank, we recognise that building a financially responsible generation begins with education. Our engagement with students through initiatives such as World Savings Day reflects our commitment to ensuring that young people understand the value of saving, financial planning and responsible money management.
“We are deliberate about supporting initiatives that equip the next generation with practical financial knowledge and the confidence to make sound financial choices.”
Speaking on behalf of the managing director at the programme, the Group Head, Kano Group, Mr Abba Jarma, stressed the importance of introducing financial education to children and young people early enough to influence their attitudes towards money.
According to him, financial literacy goes beyond understanding the need to save, as young people must also learn how to manage their resources, establish financial priorities and make informed decisions about spending.
Jarma described financial literacy as an essential life skill, noting that the knowledge acquired during formative years could help students develop responsible financial habits and prepare them for future financial obligations.
“Financial literacy is an essential life skill that every young person should acquire early. Beyond understanding the importance of saving, students need to develop the discipline to manage money responsibly, set financial goals and make informed financial decisions.
“At Polaris Bank, we believe that equipping young people with this knowledge will help prepare them for greater financial responsibility and a more secure future,” he said.
He urged the students to apply the lessons learnt during the engagement in their daily lives, while appreciating the school management, teachers, organisers and other stakeholders for their contributions to the success of the programme.
The engagement featured interactive learning sessions designed to simplify basic financial concepts and demonstrate how students could develop healthy money management habits.
An interactive question-and-answer session also formed part of the programme, allowing students to demonstrate their understanding of the issues discussed and seek further clarification on savings and financial planning.
To encourage participation and recognise students who actively contributed to the discussions, the bank presented Polaris Bank-branded gift items to some of the participants.
Beyond the educational component, the bank used the occasion to introduce students and teachers to relevant banking services and products that could support their financial needs.
Information on account-opening requirements was provided, while suitable banking products were discussed and account-opening packages distributed to facilitate access to the bank’s services.
The initiative underscores Polaris Bank’s broader commitment to promoting financial inclusion, financial education and community development by extending financial knowledge beyond conventional banking environments.
By taking financial education directly to schools, the bank aims to encourage young people to appreciate the importance of saving, understand basic financial planning principles and develop the capacity to make responsible financial choices.
The programme ended with expressions of appreciation to the students, teachers, school management and other stakeholders for their participation and support, followed by a closing prayer and the distribution of refreshments.
Through its World Savings Day engagement, Polaris Bank said it would continue to support initiatives that strengthen financial awareness, promote sustainable savings habits and empower individuals and communities to achieve greater financial well-being.
