A nationwide financial literacy initiative for secondary school pupils has been launched by the Central Bank of Nigeria (CBN) at the 2024 Global Money Week.
It is themed “Protect your money, Secure your future.”
This programme is aimed at empowering the young minds on the skills and knowledge needed to be financially stable, secure and be a better manager to your money. A workshop will be carried out in all the six geopolitical zones of Nigeria.
One of the school visited by CBN to launch the programme is the Government Secondary School Gwagwa in Abuja. The acting director of the Consumer Protection Department, Othniel Nuhu spoke on the essence of imparting financial habits in young people, knowing the difference between being a formal education and financial literacy, siting an example of being professor and still not know how to manage your money.
They need to start saving at a very young age before becoming adults and start working, the need to learn the culture of saving for the future to tackle the low rate of national financial literacy in the country which is at a rate of 33% as CBN is intense in addressing these problems such as low income levels, rising poverty and inadequate awareness etc.
Abdullahi Musa Zakari, the Principal of GSS Gwagwa, praised CBN for picking his school for the programme and he urge the students to take the chances to participate effectively and make use of the opportunity being given from the financial literacy training.
