Index to Nigerian Newspapers

CBN: Financial Literacy in Schools’ Curriculum by October

The Central Bank of Nigeria (CBN) is working to integrate the final copy of the National Financial Literacy Curriculum into schools' academic calendars by October 2024. The curriculum, which is still being drafted, aims to teach students about money management, frauds, saving, and investing for their future. The CBN Deputy Governor, Financial System Stability, Philip Ikeazor, stressed the importance of instilling financial literacy early in students' lives, stating that having an income and making a substantial amount of money does not guarantee financial security. He also highlighted the importance of knowing the types of frauds and scams, how to respond to scammers, and various ways to protect money both online and offline. He also stressed the need to report to a bank if they encounter scammers or fraudsters. The CBN Head, Consumer Education and Evaluation Division, Consumer Protection Department (CPD), Gbadamosi Lawal Lanre, emphasized the importance of financial literacy in Nigeria's financial well-being. The CBN collaborates with the Bankers' Committee Sub-Committee on Financial Literacy and Public Enlightenment (FLPE) and various stakeholders to ensure the success of the Global Money Week (GMW) celebrations in Nigeria.

James Emejo | CBN/Education | ThisDay Newspaper | Wednesday, March 20, 2024