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Published On: Fri, Mar 29th, 2019

Global Money Week: CBN takes Financial Literacy Campaign to Schools

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By Etuka Sunday

The Central Bank of Nigeria (CBN) yesterday took Financial Literacy Campaign to Secondary Schools in Abuja as part of activities to mark this year’s Global Money Week.
CBN said the campaign was necessary to teach the students on imperative of savings, creating livelihood and imbibing the tenet of entrepreneurship.
CBN Deputy Governor, Financial System Stability, Mrs Aisha Ahmad led some CBN Directors on enlightenment campaigns in some schools within Abuja.
The schools visited were the Government Secondary School, Wuse Zone 3 and the Staff Community Secondary School, Asokoro.
She enjoined students to cultivate habit of savings as means to a stable and prosperous future life.
She also spoke to the students on the benefits of budgeting, which gives one control over finances, help to build assets and create a healthy financial situation.
“Budgeting is about choices. Choose what to save for the future, what to spend now and what to spend on.
“Needs first, wants later,” she said.
Ahmad also educated the children on the difference between good and bad debt.
She explained that going into debt for things that do not improve your net worth such as vacations, clothes and eating out could undermine their financial goals.
“We are passionate about creating an economy that will benefit all Nigerians and to be able to do that, everyone needs to be financially literate.
“They need to know the proper ways to earn money.
“My message to all children today is do the right thing, study hard, try and understand yourself, who you are, what you like to do and see how you can use that to change the world,” she said.

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