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CBN wants compulsory financial education in schools

By Anthony Otaru, Abuja   |   10 November 2016   |   2:29 am
CBN

CBN

As part of efforts to expose pupils and students to financial literacy, the Central Bank of Nigeria (CBN) has concluded plans with Federal Ministry of Education, to make financial education compulsory from primary to secondary levels across the country.

Addressing students of Government Secondary School, Suleja, Niger State, as part of activities marking this year’s World Savings Day, Head of Consumer Education, Department of Consumer Protection Department of the CBN, Hajia Khadijah Kassim, said the apex bank has successfully prevailed upon relevant education authorities to include financial education into primary and secondary curricula.

According to her, the current curriculum is over bloated hence the CBN, in conjunction with education authorities are making financial education, one of the most compulsory subjects

She stressed that the effort is expected to expand financial literacy to all segments of our national life.

Kassim noted that as part of the World Savings Day programme, over 200 schools received mentoring from the bank on the importance of savings.

The mentoring, in addition to the compulsory infusion of financial education into the educational curriculum, she said, “Will enable schoolchildren make sound financial decisions,” adding that, “The World Savings Day is used to encourage savings in the formal financial system, with the CBN partaking actively in marking the day, through a mentoring programme in various schools across the six geo-political zones.”




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