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Published On: Mon, Jun 2nd, 2014

CBN to partner education ministry on financial literacy curriculum

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By Maryam Garba Haasan

The Central Bank of Nigeria (CBN) said it would partner the Federal Ministry of Education to develop a financial literacy curriculum.

Hajiya Umma Dutse, Director, Consumer Protection Department in the bank, made the disclosure Wednesday in Abuja at a news conference.

She said the bank would also collaborate with other relevant stakeholders to develop the curriculum that would be adopted at all levels of the educational system.

She said the curriculum which is expected to be developed before the end of this year, will articulate appropriate financial topics that will be taught in schools and also improve the financial literacy levels of the students.

She said the bank is committed to enhancing the financial literacy of Nigerian youths to achieve a robust financial inclusion in the country adding that enhancing the financial literacy was also an effort in ultimately attaining the objectivity of the Financial System Strategy by 2020.

She said the bank would further develop the financial literacy framework that would provide a roadmap for promoting financial literacy with emphasis on specific target groups.

She said it is crucial to state that the major target groups in the framework are the youth owing to their predominance in the financial literacy chain.

She said the overarching philosophy behind the framework was the use of a structured approach to educate the youth.

She said the strategy included publication of financial educational resources such as 101 ways to save money and how to lodge a complaint.

The director said another strategy of addressing literacy was to develop school reach out programme which aimed at promoting interaction among school children.

 

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