From Charity Nwakaudu, Abuja
SavingsBox, a financial institution specializing in savings, investment, and loans, has launched a ‘Save-a-thon’ challenge to encourage Nigerians to develop strong savings habits.
In a statement, SavingsBox Founder/CEO Bayonle Omoyele emphasized the company’s vision to help Nigerians understand the importance of saving as a tool for wealth creation.
“SavingsBox is a Fintech company headquartered in Abuja, Nigeria. We provide a platform for automated savings, loans, and investments. Our app is available on iOS, Playstore, and web,” Omoyele explained.
“We are on a mission to help Nigerians understand the importance of savings as a tool for wealth creation. What you save today will save you tomorrow.”
The Save-a-thon challenge aims to help 200,000 Nigerians cultivate a savings culture. The challenge will run from May 1, 2024, to December 31, 2024.
“Our savers will earn up to 10% on their savings, 15% on locked savings, and up to 20% on their investible funds,” Omoyele stated.
Additionally, all participants in the Save-a-thon challenge will have the opportunity to win exciting prizes, including refrigerators, home theatres, generators, iPhone 13 Pro Max, HP laptops, and a brand new 2013 Toyota as the grand prize. These prizes are intended to incentivize and encourage savings among participants.