Fi­nan­cial lit­er­acy now com­pul­sory in Nige­ria's Ba­sic Ed­u­ca­tion

Financial Nigeria Magazine - - Development -

The Cen­tral Bank of Nige­ria (CBN) has an­nounced that its part­ner­ship with Fed­eral Min­istry of Ed­u­ca­tion has re­sulted in the in­tro­duc­tion of fi­nan­cial ed­u­ca­tion as a com­pul­sory sub­ject in the cur­ricu­lum of both pri­mary and sec­ondary ed­u­ca­tion in the coun­try.

This was dis­closed by the Head of CBN's Con­sumer Ed­u­ca­tion in the Con­sumer Pro­tec­tion Depart­ment, Khadi­jah Kas­sim. She spoke to stu­dents of Gov­ern­ment Sec­ondary School, Suleja, Niger State at the com­mence­ment of ac­tiv­i­ties to mark this year's World Sav­ings Day.

Ms Kas­sim said the in­tro­duc­tion will fast­track the bank's tar­get to ex­pand fi­nan­cial lit­er­acy to all seg­ments of na­tional life, adding that over 200 schools are be­ing men­tored by the CBN on the im­por­tance of sav­ing. The men­tor­ing pro­gramme “will en­able school chil­dren make sound fi­nan­cial de­ci­sions,” she said.

World Sav­ings Day is cel­e­brated on Oc­to­ber 31. It was es­tab­lished on Oc­to­ber 31, 1924, dur­ing the 1st In­ter­na­tional Sav­ings Bank Congress in Mi­lan, Italy.

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