FG Approves CBN’s Financial Education Curriculum
The federal government, has approved the financial education curriculum of the Central Bank of Nigeria (CBN), which was designed to provide primary and secondary school students with basic knowledge on finance. The approval was given by the Nigerian Educational Research and Development Council (NERDC), an agency under the Federal Ministry of Education.
The financial education curriculum of the CBN is embedded in a deliberate effort by the apex bank to ensure that all Nigerian school children tap from a robust financial education that imbues them with the ability to make informed financial decisions
The Director, Consumer Protection Department, CBN, Umma Dutse, who spoke in Abuja, Monday at an event to commemorate the global money week, said financial education would enable the students participate effectively in the financial market.
Dutse, who was represented at the event by the Head, Consumer Education, CBN, Khadijah Kasim, said the curriculum which has already received the approval of the NERDC would be launched in September in all schools across the country.
The financial education objective of the CBN, she said, was informed by the conviction that it was better to impact the younger population by teaching them about savings, investments and financial concepts from their formative years rather than when they grow older.
“Since we commenced the implementation of the National Financial Literacy Framework, we have together with our stakeholders delivered financial education programmes across various targets group of the population.
“The CBN, in collaboration with the NERDC and other stakeholders has developed the financial education curriculum for the basic and senior secondary system.
“We are very happy to inform Nigerians that we have developed a financial education curriculum which we are hopeful will be launched in September 2017 and schools across the country are going to start teaching financial education.
“The beauty of it is that every child from basic to junior secondary schools to senior secondary school will need financial education whether its mathematics, English, physics and social studies, you must have financial education,” she stated. According to her, the apex bank would continue to promote a sound financial system through the repositioning of the financial sector for greater impact on Nigeria’s growth.
An integral part of the repositioning, she added, was in the area of consumer protection aimed at ensuring that customers are treated fairly in all dealings with the financial services providers.
This year’s global money week, the brainchild of the Child and Youth Finance has at its theme “Learn, save and earn.”
A major highlight of the programme yesterday was a five kilometre walk by CBN officials with students from Junior Secondary School, Jikwoyi, Abuja.