Fina Trust MFB's Bevan Pereira Advocates Savings Culture

Bevan Pereira, the Managing Director and Chief Executive Officer of Fina Trust Microfinance Bank, called on Nigerians to develop a consistent savings culture. Speaking on the theme “Building a Consistent Savings Culture in Nigeria” for World Savings Day, he emphasized the importance of financial discipline and starting small in savings, regardless of income levels.

Pereira noted that Nigeria has a rich tradition of savings through cooperative societies and community-based schemes but stressed the need for stronger financial habits. He advised that savings should be viewed as a proactive decision rather than what remains after spending.

Pereira acknowledged the challenges of saving in tough economic conditions but encouraged individuals to begin with any affordable amount, stating that saving is a gradual process. He cautioned against rigid savings formulas and urged young people to start saving now, regardless of the amount, to see progress and remain motivated towards their financial goals.