We all know there are significant costs associated with education especially at University level. From fees, to equipment to books and general upkeep, the high level of costs may prevent many parents from being able to send their children to school. Giving a child a head start in life by saving or investing even a small amount when they are young could be one of the most important things you do for him or her.
Here are some of the things you need to consider when saving for your child’s education.
• Start early – There’s no time like the present and starting to save early can help you prepare for the costs of your child’s education. Consider all your options by visiting your local bank or financial adviser. They should be able to talk you through all the short, medium and long term investment and savings options available to you.
• Get your children involved – Get your kids to get part time or holiday jobs and insist that they contribute to their own education fund. Not only does it give them much needed real-world market experience, it instills in them the value and costs associated with getting an education which are great life lessons for the future.
• Open a savings account – Whatever the reason for saving; the first step should be to open a savings account.
• Invest in a pension – Investing in a pension is a great way to plan for the future and to make sure that you can take care of yourself and your family for as long as possible.
• Take out a life-insurance policy – We all hope and pray for long-life and prosperity but unfortunately, this is not always the case. A life-insurance policy allows you to be prepared for the worst-case scenario, providing for your family even after you are gone.
This has been courtesy Sterling Bank Plc as part of The Bankers Committee Financial Literacy Public Enlightenment Programme brought to you by The Bankers Committee, comprising all the commercial Banks in Nigeria and the Central Bank of Nigeria, CBN.
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BREAKING: Sanwo-Olu Appoints Olaleye As LASPOTECH Rector
Lagos State Governor, Babajide Sanwo-Olu has appointed Dr. Oluremi Nurudeen Olaleye as the new Rector of the Lagos State Polytechnic (LASPOTECH).
The appointment was announced in a statement from the office of the Special Adviser to the Governor on Education and signed by Omolase Yejide, Head Public Affairs on Monday.
Mr. Olaleye was earlier interviewed by the Institution’s Governing Council and subsequently recommended.
He is to serve five years single tenure will take effect from 1st December 2020 at the expiration of the tenure of the Acting Rector, Mr. Olumide Olusola Metilelu.
WORLD TOILET DAY: HYPO TOILET CLEANER SEEKS END TO OPEN DEFECATION
With the global calculation of about 4.2 billion people living without access to safely managed sanitation and at risk of deadly diseases globally, Hypo Toilet Cleaner in celebration of the World Toilet Day, rehabilitated and maintained over 50 water closets in three high traffic areas in Lagos State while providing access to free usage to encourage the use of public toilets and reduction of open defecation
2020 World Toilet Day in Nigeria is themed: “Sustainable Sanitation and Climate Change“.
While demonstrating its contribution towards curtailing the global sanitation crisis and achieving the Sustainable Development Goal 6: “water and sanitation for all come 2030″ , Hypo took the World Toilet Day sensitisation and awareness campaign to Berger, Oshodi and Ojo area, offering free defecation service at these identified public facilities.
L-R: Mr. Opeyemi Awojobi, Sponsorship Manager- Tolaram Group,Mrs. Adenike Adebayo, maintenance manager Ojodu Berger Toilet; Mrs Sola Hassan, Director Public Health Education, Lagos State Min of Health;Mr Akintayo Akinseloyin, Brand Manager Hypo Toilet cleaner and Mrs Olasunkanmi Fasilat, Cleaner Ojodu Berger toilet during the Hypo Toilet cleaner maintenance activity to commemorate 2020 world toilet day in Lagos.
The three days long activity which was organized with the participation of the Lagos State Ministry of Health is geared towards building the trust of the public towards utilizing public toilets while also bringing into their consciousness the need to ensure good maintenance and hygiene culture in these facilities to curtail the spread of deadly infectious diseases and encourage more usage.
Speaking at the event at Ojodu Berger Motor Park Toilet facility, the Brand Manager, Hypo Toilet Cleaner, Akintayo Akinseloyin, said with the huge infrastructural deficit in terms of toilet facilities across Nigeria, according to statistics, there is need to create massive sensitisation around behavioral change towards using safe toilets and eschewing open defecation.
“We have decided to take over the cleaning and management of over 50 Water Closets in Berger, Arena market in Oshodi and Trade fair, all in Lagos state for the first phase of our programme. We shall be deploying our resources including the Hypo toilet cleaner to keep the toilet sparkling, attractive and germs free. By so doing, people who make use of the facilities can have a positive view of public toilet and develop a taste for using it when there is need for it.”
“Today we want to build people’s trust in using public toilet facilities, discouraging the act of indiscriminate defecation in open places while working towards the objective of a hygienically safe environment for all.
The Director, Health Education, Lagos State Ministry of Health, Shola Hassan commended Hypo on its partnership with the state government in discouraging the culture of open defecation, unhygienic practice among the people thereby keeping infectious diseases around the environment at bay.