and the question I like to ask for us is
are many Oh boss
diligently keeps enfants aside for
several reasons how many of us save
if you save please show by by by by by
lifting up your aunt’s okay good
if your percentage of our save the next
question will be even in those for those
who save how many diligently also
monitor what you end on those savings do
you put some fun Society I remember when
we were growing up our parents used to
give us this piggy bank it used to be
made with woods of different shapes and
dimensions and every day we need to put
in some something in there we put in out
of the little phones that were giving to
go to school two tix snacks to buy these
to buy that to come back home and we
keep when it isto comes and gives or
some gifts monetary terms you must not
just spend it anyhow you have to so that
culture right now in our economy and in
our industry is dying and that’s what we
are deliberately pushing and selling to
our audience and to everyone here and to
everyone who will listen
by extension of radio or the digital
digital platform to say that we need to
consciously build that habit that
culture of saving and saving or to get
again because there’s a whole lot I
would emphasize my point in with two
different time a with two different I
emphasize my point from two different
points of view number one I will use
data to encourage us and I also use
innovation as another channel to
encourage us and then I will give some
practical examples of what we’ve been
doing and how much of results we’ve
gotten from this yes remember I made our
points and let’s take it away from what
Chris I said government needs to do a
lot of things right the public sector
needs to be right but even individually
we also need to be able to do some
things right and that’s what we are
challenging the taught improve working
this morning this afternoon is to
encourage us and challenge us to save a
little more now if you behavior
question and the Challenger people have
is I don’t even have enough to buy what
I need to meet my basic needs how then
are you encouraging me to save the
primarily needs that we have food
shelter and clothing we are not even
meeting enough are you encouraging us to
save out of this and we will have a
thousand are wrong reasons if I should
make this session interactive are five
minutes if I should make it interactive
an axe or several questions people will
give a thousand and one reasons why they
don’t think they they have to see
especially the low income honest but
that doesn’t mean that we need to
demystify is a myth that we need to
really really break through and
understand because the fundamental
process of saving is what suppress the
rich from the poor if we’re ever going
to be free and libraries as a
financially we need to consciously land
and and see let’s do the maths a little
bit and for those who are their phones I
would like for you to quickly calculate
if you have one COBOL one COBOL
please do your math open your open your
phones do this calculation and and let’s
do it together
one Cabo and I’m sure all of us we have
more than one copper hair so let’s go to
that beer has been in one Cabo multiply
that double dot for ad and you double it
the next day and you double it the next
day and you double it the next day and
you double it the next day you’ll be
surprised what you will have after 30
days and that is the trick the banks
have been using so when Chris a is all
banks are declaring a billion naira
profit simple mathematics so you have
one COBOL if you double it to give you
to cover if you double it the next day
it will give you four if you double it
and if you do the mask guess what you
will have after 30 days five million six
hundred and thirty-nine thousand seven
oh nine naira
well you are starting from one copper
may even seen one
now you can do your calculation right
now dony several times and that’s the
thought I like to impart into us
deliberately keeping some phones aside
as low as one cobol remember savings is
the younger brother of investment
because after a while you keep this
money you put it put them together
and then you know take them to some
levels of the investment so we need to
digitize and if I were to show you that
slide you will just so amazed l1 COBOL
can grow in with 30 iterations now the
concept is you might not be able to
double your money every day every day of
your daddy but in a space of 365 days in
a year if we start with one couple or
even we want IRA after a period of time
you just be so surprised how much
interest and I’m what you got money well
outgrown just a simple compiled into
interest policy the money will have
grown to five million naira with 30
iterations and that you can’t do at your
convenience rate access within a month
or within a two months or within three
months or within one year so it does it
a food for thought for all of us to take
to say that we must learn to diligently
save diligently put some funds aside
which we will use for investments over a
period of time so that is using data to
both rest that point
why we need to change what we need to
save the other example is using
innovation to save today everybody is
talking about disruption and people are
using different channels all of us I’m
sure we all have our mobile phones
there’s Adly anyone who doesn’t have
mobile phone the speak out spoke about
Financial Inclusion give us the number
of mobile phones are available and how
they are trying to put all of these guys
together and find some smart we are
bringing them into the into the properly
recognized financial sector yes on that
mobile phone you can do a thousand and
one things there are innovative
solutions that have been deployed that
we can be used to save think like
autosave so if you don’t have that
discipline of taking the fine Asha
X amount from your either from your
salary or from your a means of your gift
or whatever of your accounts what you
can do is just to find this math we
download the solution activate it and
automates it in such a way that down one
IRA or down one cobol or got five naira
or that same IRA that you’ve always
wanted to save having understood that
principle that your morning should be
working for you your money should be why
you sleep why you your money should be
doubling I should be increasing for you
so you automate it in such a way that
you don’t need to practically personally
do that action yourself so you automate
that process and we’ve tested that yes
in a private life we’ve tested that the
same principle we push through the
organization’s where we work and we’ve
convinced yet to say this is the weed
and we excited and we’re happy to let
our audience know des is working it has
what this initiative now a kicked off
for four months ago we’ve been able to
have over a hundred and ten thousand
customers on that platform and guess on
what you’ve been able to put together
from this month we are saving over a
billion IRA so of a billion naira in
four months from hundred and ten
different thousand customers so when
someone constituency oh how come banks
are doing this this is the secret that
separates the rich from the poor the
culture of saving must not die you must
imbibe that yourselves and you must also
impacts to the generations that are that
I there are coming behind us if I have
the question of the of the stream of the
event which sees we are do we go from
here the answer are we give and the
answer meant original or Boston babe is
to say it is not for us to have a fostex
or to have the mixer so does it at the
thought that Soros it is for us to save
I encourage us to save and of course you
know that the benefits we are asked must
be the cost thank you very much you
are many Oh boss
diligently keeps enfants aside for
several reasons how many of us save
if you save please show by by by by by
lifting up your aunt’s okay good
if your percentage of our save the next
question will be even in those for those
who save how many diligently also
monitor what you end on those savings do
you put some fun Society I remember when
we were growing up our parents used to
give us this piggy bank it used to be
made with woods of different shapes and
dimensions and every day we need to put
in some something in there we put in out
of the little phones that were giving to
go to school two tix snacks to buy these
to buy that to come back home and we
keep when it isto comes and gives or
some gifts monetary terms you must not
just spend it anyhow you have to so that
culture right now in our economy and in
our industry is dying and that’s what we
are deliberately pushing and selling to
our audience and to everyone here and to
everyone who will listen
by extension of radio or the digital
digital platform to say that we need to
consciously build that habit that
culture of saving and saving or to get
again because there’s a whole lot I
would emphasize my point in with two
different time a with two different I
emphasize my point from two different
points of view number one I will use
data to encourage us and I also use
innovation as another channel to
encourage us and then I will give some
practical examples of what we’ve been
doing and how much of results we’ve
gotten from this yes remember I made our
points and let’s take it away from what
Chris I said government needs to do a
lot of things right the public sector
needs to be right but even individually
we also need to be able to do some
things right and that’s what we are
challenging the taught improve working
this morning this afternoon is to
encourage us and challenge us to save a
little more now if you behavior
question and the Challenger people have
is I don’t even have enough to buy what
I need to meet my basic needs how then
are you encouraging me to save the
primarily needs that we have food
shelter and clothing we are not even
meeting enough are you encouraging us to
save out of this and we will have a
thousand are wrong reasons if I should
make this session interactive are five
minutes if I should make it interactive
an axe or several questions people will
give a thousand and one reasons why they
don’t think they they have to see
especially the low income honest but
that doesn’t mean that we need to
demystify is a myth that we need to
really really break through and
understand because the fundamental
process of saving is what suppress the
rich from the poor if we’re ever going
to be free and libraries as a
financially we need to consciously land
and and see let’s do the maths a little
bit and for those who are their phones I
would like for you to quickly calculate
if you have one COBOL one COBOL
please do your math open your open your
phones do this calculation and and let’s
do it together
one Cabo and I’m sure all of us we have
more than one copper hair so let’s go to
that beer has been in one Cabo multiply
that double dot for ad and you double it
the next day and you double it the next
day and you double it the next day and
you double it the next day you’ll be
surprised what you will have after 30
days and that is the trick the banks
have been using so when Chris a is all
banks are declaring a billion naira
profit simple mathematics so you have
one COBOL if you double it to give you
to cover if you double it the next day
it will give you four if you double it
and if you do the mask guess what you
will have after 30 days five million six
hundred and thirty-nine thousand seven
oh nine naira
well you are starting from one copper
may even seen one
now you can do your calculation right
now dony several times and that’s the
thought I like to impart into us
deliberately keeping some phones aside
as low as one cobol remember savings is
the younger brother of investment
because after a while you keep this
money you put it put them together
and then you know take them to some
levels of the investment so we need to
digitize and if I were to show you that
slide you will just so amazed l1 COBOL
can grow in with 30 iterations now the
concept is you might not be able to
double your money every day every day of
your daddy but in a space of 365 days in
a year if we start with one couple or
even we want IRA after a period of time
you just be so surprised how much
interest and I’m what you got money well
outgrown just a simple compiled into
interest policy the money will have
grown to five million naira with 30
iterations and that you can’t do at your
convenience rate access within a month
or within a two months or within three
months or within one year so it does it
a food for thought for all of us to take
to say that we must learn to diligently
save diligently put some funds aside
which we will use for investments over a
period of time so that is using data to
both rest that point
why we need to change what we need to
save the other example is using
innovation to save today everybody is
talking about disruption and people are
using different channels all of us I’m
sure we all have our mobile phones
there’s Adly anyone who doesn’t have
mobile phone the speak out spoke about
Financial Inclusion give us the number
of mobile phones are available and how
they are trying to put all of these guys
together and find some smart we are
bringing them into the into the properly
recognized financial sector yes on that
mobile phone you can do a thousand and
one things there are innovative
solutions that have been deployed that
we can be used to save think like
autosave so if you don’t have that
discipline of taking the fine Asha
X amount from your either from your
salary or from your a means of your gift
or whatever of your accounts what you
can do is just to find this math we
download the solution activate it and
automates it in such a way that down one
IRA or down one cobol or got five naira
or that same IRA that you’ve always
wanted to save having understood that
principle that your morning should be
working for you your money should be why
you sleep why you your money should be
doubling I should be increasing for you
so you automate it in such a way that
you don’t need to practically personally
do that action yourself so you automate
that process and we’ve tested that yes
in a private life we’ve tested that the
same principle we push through the
organization’s where we work and we’ve
convinced yet to say this is the weed
and we excited and we’re happy to let
our audience know des is working it has
what this initiative now a kicked off
for four months ago we’ve been able to
have over a hundred and ten thousand
customers on that platform and guess on
what you’ve been able to put together
from this month we are saving over a
billion IRA so of a billion naira in
four months from hundred and ten
different thousand customers so when
someone constituency oh how come banks
are doing this this is the secret that
separates the rich from the poor the
culture of saving must not die you must
imbibe that yourselves and you must also
impacts to the generations that are that
I there are coming behind us if I have
the question of the of the stream of the
event which sees we are do we go from
here the answer are we give and the
answer meant original or Boston babe is
to say it is not for us to have a fostex
or to have the mixer so does it at the
thought that Soros it is for us to save
I encourage us to save and of course you
know that the benefits we are asked must
be the cost thank you very much you
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