The Federal Government has approved the Central Bank of Nigeria’s financial curriculum which will soon be deployed for teaching in schools across the country.
The Financial Education Curriculum for Basic and Senior Secondary school system was developed by the CBN in collaboration with the Nigeria Educational Research and Development Council to equip Nigeria students with the capabilities of making informed financial decisions and participate in financial market activities.
Umma Dutse, Director, Consumer Protection Department, CBN disclosed this in Abuja during the Global Money Walk Event on Monday as Nigeria joined other countries to commemorate the Global Money Week.
Dutse said,“the children and youth target groups identified by the framework has in place a strategy for imparting the younger population by teaching them about savings, investments and financial concepts from their early years rather than wait till they grow older”.
Nigeria is part of the global money week, an annual event during which countries simultaneously try to create awareness amongst children and youth inorder to equip them knowledge, skills, and opportunities to use financial services responsibly and prudently. This year’s celebration is titled, “Learn, Save, Earn.”
Dutse who was represented at the event by Khadijah Kasim, head of Consumer Education, stated that it is important for the nation and every individual to invest in the future of the children as their growth is important to the growth of the Nation at large.
While addressing the students, she said “As tomorrow’s leaders, you are indeed very important to the growth and development of our great Country. It is our duty, therefore to invest in your future so as to prepare you for the challenges of leading our great country’’.
The event which was organized in collaboration with SAGE (Student for the Advancement of Global Entrepreneurship) was in line with the mandate of CBN to promote a sound financial system. Dutse added that
it is the responsibility of the students to learn about financial literacy and exhibit financial capability to save and reinvest so as to earn income.
Chinenye Udeh, SAGE program manager, said that SAGE creates the platform for children and youth to be financial literates and equipped entrepreneurs.
She said “In our programmes, the children are involved in the running of businesses. We teach them how profits are made and saved. In the SAGE school clubs we also train the children on community services from which profit are made”.
