BUK’s institute trains students, women on saving culture

The Bayero University International Institute of Islamic Banking and Finance (IIIBF), has trained 250 secondary schools students on financial education and management as part of the activities marking this year’s Global Money Week. The Director of the Institute, Professor Binta Tijjani Jibril, who stated at a symposium organised by the IIIBF in conjunction with the Jaiz Bank, said the […]

The Bayero University International Institute of Islamic Banking and Finance (IIIBF), has trained 250 secondary schools students on financial education and management as part of the activities marking
this year’s Global Money Week.

The Director of the Institute, Professor Binta Tijjani Jibril, who stated at a symposium organised by the IIIBF in conjunction with the Jaiz Bank, said the students were selected from 25 different secondary schools across Kano state.

Professor Binta also said that 150 women entrepreneurs and artisans had been selected for special training on entrepreneurship and skill acquisition to become self reliant.

The director lamented that many Nigerians had poor saving culture which negatively affect the economic development of the country.

She said, “The alarming rate of financial exclusion among the teaming youths in Nigeria has been the greatest impediment as to why the country is finding it very difficult to break away from the vicious
grip of poverty.

“An estimation of 41.6% of Nigerian adults are financially excluded. Indeed this is part of the reasons why we are finding it very difficult to break away from the vicious grip of poverty.” 

She explained that the Global Money Week was celebrated worldwide in order to engage children in learning how money works, saying that the theme of this year’s celebration ‘Money matters matter’ focussed on inculcating savings culture, creating livelihoods employment and entrepreneurship.

Professor Binta pointed out that the institute decided to give its contribution to the economic growth of the country through sensitising the populace on the need to imbibe the culture of savings and other
financial engagements.