PAGE 18
PEOPLES DAILY, FRIDAY, March 29, 2019
Page 19
PEOPLES DAILY, FRIDAY, March 29, 2019
By Etuka Sunday
T
he Central Bank of Nigeria (CBN) yesterday took Financial Literacy Campaign to Secondary Schools in Abuja as part of activities to mark this year’s Global Money Week. CBN said the campaign was necessary to teach the students on imperative of savings, creating livelihood and imbibing the tenet of entrepreneurship. CBN Deputy Governor, Financial System Stability, Mrs Aisha Ahmad led some CBN Directors on enlightenment campaigns in some schools within Abuja. The schools visited were the Government Secondary School, Wuse Zone 3 and the Staff Community Secondary School, Asokoro.
Global Money Week: CBN takes Financial Literacy Campaign to Schools She enjoined students to cultivate habit of savings as means to a stable and prosperous future life. She also spoke to the students on the benefits of budgeting, which gives one control over finances, help to build assets and create a healthy financial situation.
“Budgeting is about choices. Choose what to save for the future, what to spend now and what to spend on. “Needs first, wants later,” she said. Ahmad also educated the children on the difference between good and bad debt.
She explained that going into debt for things that do not improve your net worth such as vacations, clothes and eating out could undermine their financial goals. “We are passionate about creating an economy that will benefit all Nigerians and to be able to do that, everyone needs to be financially
literate. “They need to know the proper ways to earn money. “My message to all children today is do the right thing, study hard, try and understand yourself, who you are, what you like to do and see how you can use that to change the world,” she said.
GOtv ‘Top Up’ Offer enters Final Phase
T
he three-month long GOtv “Top Up” Campaign has entered its final phase and will end on 15 April. The campaign, launched by MultiChoice on 15 January, gives subscribers on GOtv Plus, GOtv Value, and GOtv Lite package the opportunity of getting an upgrade to GOtv Max by paying a reduced fee of N2,500 instead of N3,200, while GOtv ‘tops up’ with N700. The outstanding one month provides an opportunity for customers on lower GOtv packages to renew their subscription by paying N2, 500. The upgrade will give customers access to a wide range of exciting contents on GOtv MAX. This includes football matches of the La Liga, Serie A, Emirates FA Cup, select matches of the Premier League and UFC; the world’s premier mixed martial arts (MMA) organization. It also gives access to entertainment content on BET, Fox Entertainment, StarLife, ROK 2, CBS Reality, Also available for viewing are the critically acclaimed telenovela, Ajoche, and thrilling comedy series, Flatmates and The Johnsons, which debuts on GOtv this month on Africa Magic. Speaking further on this mouthwatering offer, MultiChoice Nigeria’s Chief Customer Officer, Martin Mabutho says: “We are a frontline video entertainment company and our customers’ desires are at the core of the quality of content we have on GOtv. This explains why we don’t want them to miss out on it. So, I suggest they hurry and take advantage of the GOtv ‘Top Up’ offer.” he added.
R-L: Executive Secretary National Sugar Development Council (NSDC) Dr. Latif Busari; Director Policy Planning Research and Statistics NSDC Mr Kolawole Hezikiah and Deputy Director Finance and Accounts NSDC Alhaji Ibrahim Ibrahim, during the 2019 Budget defend at the National Assembly, yesterday in Abuja. Photo: Mahmud Isa
Afreximbank donates $1.5m to support victims of Tropical Cylone Idai By Etuka Sunday The African Export-Import Bank (Afreximbank) has announced the donation of $1.5 million to support the relief effort in aid of the victims of Tropical Cyclone Idai which devastated the southern African countries of Mozambique, Zimbabwe and Malawi recently. Afreximbank President Prof. Benedict Oramah said that the relief package was approved by the Bank’s Board of Directors during its meeting in Cairo on 23 March, adding that the funds will be distributed across the three countries on the basis of the scale
of damage suffered by each country. Prof. Oramah said that Afreximbank decided to act on the tragedy, given the scale of the devastation brought about by the tropical cyclone, whose death toll is expected to exceed 1,000 and which had affected at least 2.5 million people. He announced that the funds would be disbursed through the national relief agencies of the three countries as they were well-placed to deploy them to the most critical areas of need in each country. In addition to the official donation, Afreximbank staff members have launched an
initiative to make voluntary contributions to support the relief effort. Such donations will be collected and forwarded to the affected countries. Afreximbank hoped that by acting, many other African banks and corporations, some of which are its clients, would be encouraged to also contribute to the relief effort, said the President. Professor Oramah also announced a decision by the Board of Directors for Afreximbank to send missions to the affected countries to assess the potential for deploying its programmes and facilities in support of countries
coming out of crisis in the three countries. He explained that it was to ameliorate the consequences of events of this nature that Afreximbank launched its Food Emergency Contingent Trade Financing Facility, emphasising the urgent need to rapidly deploy the product across that continent. Afreximbank has a history of intervening in support of African countries in times of crisis. In November 2014, the Bank contributed $1 million to the effort to combat the outbreak of the Ebola virus disease which affected several countries in West Africa.