PettySave MFB commemorated this year’s Children’s Day with a colourful event that brought together over a hundred pupils from a few schools across Alimosho, Lagos in a school-based celebration focused on fun, financial education, and community impact.
Held on Wednesday at the Akowonjo area of Lagos, the event, themed “Save Smart, Start Early,” featured a mix of exciting activities including a short educational video on money and savings, a mini excursion to the bank’s main banking hall, games and quizzes.
Some of the schools present at the event include Brook Stones Nursery and Primary School, Shalom New Breed School, Triumphant Baptist College, St. Michael Nursery and Primary School, Brighter Horizon Nursery and Primary School, and Tinuola Private School.
The bank, which began operations in 2024, distributed notebooks and pencils to all attendees including the school teachers represented, and also introduced their children-focused financial product – the Kidsteen Account, designed to help children and teenagers begin their savings journey early.
Speaking at the event, Managing Director of PettySave MFB, Victor Adebowale, emphasized the importance of instilling a savings culture in children. He treated misconceptions about banking and investments, reassuring the children about the security of their savings, including coverage by insurance against theft.
In his words, “Every account, even yours as young savers, is protected. Through NDIC insurance, your savings are secured against theft or loss, so you can save with confidence and peace of mind.”
Guest speaker and financial literacy advocate, Bosede Olusola-Obasa, who addressed the pupils with energy and warmth, encouraged them to start saving early, regardless of the amount, as she used a piggy bank as a practical tool during her session.
“It’s not about how much you save, but about building the habit of saving and investing,” said Olusola-Obasa. “You can become a millionaire at the age of 13 if you pay attention to your spending habits by saving and investing more.”
She added: “Even if it’s just ₦50 a week, putting it into a piggy bank teaches discipline and goal setting. Over time, those little amounts grow, and more importantly, so does your understanding of money. Saving is a superpower, and every child here has it.”
The educational tour of the banking hall allowed the children to demystify banking processes, as bank staff explained the basics of how savings accounts work, what happens behind the counters, and how banks keep money safe.
The pupils were also thrilled to participate in various money-themed games and quizzes, with prizes awarded to winners, creating a relaxed atmosphere of fun and learning.
Ejeogo Donald, a student from Triumphant Baptist College, said, “It was a very conducive learning environment, we learnt more of business and money than we already know. I learnt that needs and wants are different, and I can save better with the new knowledge.”
Another attendee, Adael Aigbokhal from Brighter Horizon Nursery and Primary School added that she learnt to save money from a young age. “I learned that the purpose of saving money is not for future enjoyment, but for future investment of what I have saved,” she said.
For many of the pupils who attended the event, it was a first-time experience inside a bank, and a memorable one at that.