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CBN To Partner Ministry On Financial Literacy Curriculum

Published by Daily Times on Thu, 29 May 2014


The Central Bank of Nigeria (CBN)on Wednesdaysaid it would partnerthe Federal Ministry of Education to develop a financial literacy curriculum.Hajiya Umma Dutse, Director, Consumer Protection Department in the bank, saidthis at a news conference in Abuja.Dutse said that the bank would alsocollaborate with other relevant stakeholders to develop the curriculum that would be adopted at all levels of the educational system.``The curriculum, which is expected to be developed before the end of this year, will articulate appropriate financial topics that will be taught in schools.``This will improve the financial literacy levels of the students,she said.Dutse said the bank was committed to enhancing the financial literacy ofNigerian youths,to achieve a robust financial inclusion in the country.She added that enhancing the financial literacy was also an effort in ultimately attainingthe objectivity of the Financial System Strategy by 2020.She said that the bank would further develop the Financial Literacy Framework that would provide a roadmap for promoting financial literacy, with emphasis on specific target groups.``It is crucial to state that the major target groups in the framework are the youth owing to their predominance in the financial literacy chain, she said.Dutse said the overarching philosophy behind the framework was the use of a structured approach to educate the youth.She said the strategy included publication of financial educational resources such as 101 ways to save money andhow to lodge a complaint.Dutse said another strategy of addressing theliteracy was to develop school reach out programme, which aimed at promoting interaction among school children.She identified others as business plan development competition among public schools, financial literacy fair and exhibition.The director noted that the business planswere being organised by the bank in conjunction with other stakeholders.
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