The Central Bank of Nigeria (CBN) said it will by September launch the financial education curriculum for schools across the country.
Joseph Nnanna Deputy Governor, Financial System Stability who was represented by Khadijah Kasim, head, Consumer Education Division CBN, disclosed this in Lagos while engaging students of Methodist High School Yaba in rudiments of financial literacy.
“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”, he said.
The programme was part of activities marking the Global Money week. The CBN declared March 30, 2017 Financial Literacy Day, on which managing directors/CEOs and top executives of 29 banks and financial institutions across the nation will visit over 800 schools in 36 states to teach financial literacy curriculum provided by Junior Achievement Nigeria.
Nnanna said financial education would be made compulsory for students in Nigerian schools. According to him, the financial education objective of the apex bank was borne out of the conviction that it was better to impart the younger population by teaching them about savings, investments and financial concepts from their early years rather than wait until they grow older.
“The beauty of it is that it is infused into career subjects that are compulsory in the basic and secondary schools system. After the second phase which is developing the teachers’ guide, by September, we will launch this curriculum and start the pilot scheme in the six geo-political zones of the country.”
The CBN director said the financial literacy programme offer the students the opportunity to identify their role models. For instance, “if a CBN Governor or bank CEO comes to teach the students, it is possible for the girls to aspire to become the first female CBN Governor.