The Central Bank of Nigeria(CBN) in collaboration with the Nigerian Education Research and Development Council(NERDC) have developed a financial education curriculum for basic and secondary schools in the country.
The Head, consumer education of the CBN, Hajia Khadijat Kasim made this known at the Global Money Week awareness programme held at Government Secondary School Karu Abuja.
Global Money Week is an annual global money awareness celebration that takes place in March every year. It is coordinated by the child, youth and financial secretariat to raise awareness on economic citizenship and directly engage the children and the youth worldwide on the issues.
The celebration of the week consists of series of activities held at the regional, local and national levels by partners and stakeholders, and are geared towards eductaing the children, youth and their communities on financial education.
In Nigeria, the CBN is in key front of the Global Money Week celebration annually.
Events commemorating the day commenced today with a walk from Government Secondary School Karu Abuja to the market where the students were educated on the importance of financial literacy, savings, investments as well as educating others on the importance of saving.
The director, Consumer protection department at the CBN represented by the head of the bank’s consumer education unit, Hajia Khadijat Kasim said the bank was engaged in financial literacy programmes in line with its mandate to promote a sound financial system in the country.
“Since we commenced the implementation of the national financial literacy framework, we have together with all our stakeholders delivered financial literacy programmes across various target groups of the population.”
Hajia Kasim said children and youth target groups were identified by financial literacy framework as a very crucial segment, and had in place the strategy to catch them young.
Students explained their understanding of financial literacy.
“If you don’t save, don’t expect to spend. Most of us that will be in school and want to buy everything; that will in short want to carry Mama Nkechi’s shop to their houses, go and tell them, now is the time to save. You need to start planning for your future.”
A student stated.
“We need to know how to budget, and if it remains we should plan for it: keep it, save it, whether in a box or in a piggie bank.There are even microfinance banks that come to our door. So we don’t even have to go to the banks anymore.”
Another student explained.
The 2017 global money week celebration has as its theme, Learn, Save and Earn and have a week long event which the CBN will take to schools in all the geopolitical zones.