By Elizabeth Uwandu
In order to bridge the gap in financial literacy among Nigeria students, Stanbic IBTC Holdings Plc in collaboration with Junior Achievement Nigeria, JA organised the maiden MoneyBee competition on Monday.
The event, held at Landmark Event Centre to commemorate 2019 Children’s Day, saw 25 public and private secondary schools compete in the quiz, and in public speaking skills centred on financial dealings.
Speaking at the occasion, Chief Executive, Stanbic IBCT Bank, Dr Demola Sogunle called on the students to take their academic serious, noting that discipline, volunteering and having mentors were ingredients that make one succeed.
The “At Stanbic IBTC, we have long identified education as a pillar of our corporate social responsibility, as pivotal, along with financial literacy to economic growth and development.
Thus, we are always pleased to engage our future leaders, to share financial literacy nuggets with them. Our rationale for supporting JA is that we realised that the competition is a very creative way to not only drive home the financial literacy message but also to measure how well we are imbibing the principles.” Sogunle said.
On her part, Mrs. Olufunke Amobi, Country Head, Human Capital, Stanbic IBTC added that” Moneybee competition is what we actually built together with JA as we saw the relevance and a very strong need in the education sector to support. To bridge the gap in financial literacy among students. We want to invest in our children, celebrate them and assure them that we are there for their future. “ she added.
JA Nigeria coordinator, Simi Nwogugu explained that the competition was aimed to grow beyond the Spelling Bee competition for students to get understanding of the financial sector. “ We are delighted with this partnership that will enhance our financial literacy programmes. We will provide an electronic platform for all our students to test their understanding of the finance and create a signature Money Bee that we believe will be the financial equivalent of the Spelling Bee. “
According to Nwogugu, it was a delight to have two schools, Heritage Global Academy, Ikorodu and Canterbury International school emerge as first position, and Ayomi Schools, Sangotedo clinched the third position in the Money Bee competition.
The JA Nigeria coordinator surprised those present when she announced that a school from Kano state, GTC secondary school had the largest participation with over 250 entries in the MoNie-pedia online quiz competition, while the following students : Cynthia Aneke from Queens Girl Secondary, Enugu came first; Jennifer Okon, Metropolitan Secondary School, Enugu came second and Fathia Adebayo, Rock forth secondary in Ikorodu came third in the online competition.