August 26,2022

An appeal has been made to Nigerian youths on the need to imbibe a savings culture in order to attain financial stability.

At the Elevate Conference, the Acting Group Head of Corporate Communication at Heritage Bank, Ms Ozena Utulu, stressed that youth must adopt the approach of setting specific savings goals that would help them to set timelines to attain their goals.

She disclosed that the institution was at the forefront of preparing millions of young Nigerians towards achieving bigger goals, understanding career opportunities and getting prepared for employment and entrepreneurship

According to her, the lender has made it possible for the youths to increase their financial capability through connecting to Heritage Bank’s mainstream financial products, which give them additional motivation to actively work toward their savings goals.

One of such products she said is the YNSPYRE Account, a product targeted specifically at the entertainment industry populated by mostly youths in video and film, and music, which leverage them the voice to express themselves

You begin your journey by opening Ynspyre account via the product website and select ‘Open an Ynspyre Savings Account’ and enter your details.

Ynspyre Accounts come in three variants: Ynspyre Classic Current Account (N5000 Minimum Account Opening Balance). Ynspyre Extra Current Account (N10,000 Minimum Account Opening Balance). Ynspyre Savings Account (N5000 Minimum Account Opening Balance). You gain access to a special N1,000,000,000 (One Billion Naira only) lending facility from Heritage Bank to fund your creative business,” she explained at the event themed Express Me! Entertainment and me held in Lagos.

Meanwhile, Ms Utulu further noted that setting goals and visualising what you are saving for can help you quickly reach your goal.

According to her, Heritage Bank has continued to champion wealth creation and financial inclusion especially among youth because this is the channel for advancement in today’s dynamic world

Also speaking at the conference, Rev. Mavi Isibor expressed gratitude to Heritage Bank for the partnership and believing in youths and for creating opportunities that would help them achieve targeted goals.

“I am elated at the level of intelligence of the youths in this generation (Gen Z) seeing that they are exposed to knowledge that the older generation cannot be able to cope with. The conference brought together youths to mentor, coach and give back to the upcoming generation to mark a difference,” she said.