CBN financial education curriculum gets Federal Government’s nod

The Central Bank of Nigeria (CBN) financial education curriculum which is aimed at equipping students of primary and secondary schools with the basic financial knowledge especially in prudent fund management has been approved by the Federal Government.

The Director, Consumer Protection Department of the bank, Umma Dutse who disclosed this to reporters in Abuja said the curriculum is to ensure that all Nigerian school children benefit from a robust financial education that can equip them with the capabilities of making informed decisions such as the need to open personal accounts and savings.

At the event which was to commemorate the global money week, Dutse said the curriculum which had already been approved by the Nigerian Educational Research and Development Council (NERDC) would be launched in September this year in all schools across the country.

She explained that 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.

Dutse said, “Since we commenced the implementation of the National Financial Literacy Framework, we have together with our stakeholders delivered financial education programs across various targets group of the population.

“The CBN in collaboration with the NERDC and other stakeholders has developed the financial education curriculum for the Basic and Senior Secondary system. “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.

“The beauty of it is that every child from basic to junior secondary schools to senior secondary school will need financial education whether its mathematics, English, Physics and Social Studies, you must have financial education.”