CBN to launch financial education curriculum September
by Hope Moses-Ashike
March 31, 2017 | 4:13 am| | | Start Conversation
Agizo, 10, attends NRCÃÂ¢ÃÂÃÂs Education programme at a primary school in Masisi, for children displaced by conflict, in Masisi, North Kivu, DR Congo. The Education in Emergencies project will ensure that over 7,000 children across 13 schools in Masisi have access to quality basic education. For many this will be the very first time that they have been given the opportunity to learn in a safe, protective and nurturing space. The schools also provide catch up classes for those who have missed vital time at school, Child Friendly Spaces for young children to go and play, and vocational training such as weaving, sewing and carpentry for older children. Funded by a grant from the European UnionÃÂ¢ÃÂÃÂs Nobel Peace prize money, the project will enable these children to begin their recovery from the effects of conflict and support them in building their resilience to cope with their lives ahead.
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.
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