Financial literacy now compulsory in Nigeria's Basic Education
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.