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World Saving Day: CBN to partner NERDC on financial literacy programme in schools

World Saving Day: CBN to partner NERDC on financial literacy programme in schools

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The Central Bank of Nigeria (CBN) says it will partner the National Education and Research Development Council (NERDC) on inclusion of financial literacy in the curriculum of schools.

Mr Kofo Abdusalam-Alada, its Director, Consumer Protection Department, said this  on the sidelines of a programme to commemorate the World Savings Day on Wednesday in Ikare Akoko.

The programme was carried out by the CBN under its school mentoring programme for selected secondary schools in Ondo North Senatorial District.

Abdusalam-Alada, said that financial literacy education would be embedded in courses like Economics and Commerce whenever the collaboration sailed through.

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He said that series of workshops and pilot testing had been done before the take-off of the planned infusion of the programme into some subjects in secondary schools.

The CBN director said the programme to commemorate Word Savings Day was taking place in 11 other locations across the geopolitical zones of the country.

“Other things we have been doing along this line for the implementation of the principle of the consumer education is the planned collaboration with NERDC for the design of the curriculum for secondary schools.

“The curriculum will ensure that financial literacy is actually infused into some of the subjects that are being taught in secondary schools in Nigeria, series of workshops have been done, pilot testing are some of the designed programmes to have been carried out.

“It is the expectation that within this school calendar year, infusion into the system should commence into subjects like commerce, economics, accounting in other to give the children knowledge about saving and other forms of investment,” he said.

Abdusalam-Alada identified inflation as one of the factors that discouraged most Nigerians from saving.

He said that savings should not be an accident, but should be intentional and advised Nigerians to at least save 10 per cent of their income for different reasons, especially, emergency.

The post World Saving Day: CBN to partner NERDC on financial literacy programme in schools appeared first on The Sun Nigeria.

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