CBN Declares Tomorrow Financial Literacy Day

• CBN Declares Tomorrow Financial Literacy Day

As Nigeria joins the rest of the world to mark this year’s Global Money Week, the Central Bank of Nigeria (CBN) has declared March 30,2017 Financial Literacy Day.

Working in collaboration with 29 financial institutions and Junior Achievement Nigeria (JAN), the CBN also directed chief executives of banks across the nation to, on the stated date, visit over 800 schools in the 36 states to teach financial literacy curriculum provided by Junior Achievement Nigeria.

According to the central bank, over 80,000 students would be impacted through the cutting-edge curriculum provided by JAN which it said is based on the theme of this year’s Global Money Week “Learn, Save, and Earn” which runs from Monday March 27 to Sunday April 2, 2017.

Briefing journalists in Lagos yesterday, the Executive Director, Junior Achievement Nigeria, Mrs. Simi Nwogugu, expressed satisfaction of the organisation for having the opportunity to develop the curriculum and implement the initiative with the CBN’s Bankers Committee every year.

“The goal of Global Money Week is to teach children and youth about money, saving, creating livelihoods, gaining employment and becoming an entrepreneur through interactive and fun activities,” Nwogugu said.
“This aligns with the three pillars upon which Junior Achievement’s programmes are built: Financial Literacy, Work Readiness, and Entrepreneurship”.

Nwogugu pointed out that the financial literacy programme of the CBN and JAN was aimed at changing the mindset of young people by inculcating in them sound financial intelligence and discipline as they learn to save to earn and save early in life. She explained that sending bank chief executives to go and teach students in schools would go a long way inspiring them to strive to be as successful as their August teachers.

She also said that the programme was another way of solving the problem of unemployment in the country as these young ones will learn to be creative and self-sustaining. She revealed that the major challenge facing the organisation in meeting up with this undertaking was unavailability of volunteers, noting that they had been in search of people who would come to serve as volunteer teachers.

Junior Achievement Nigeria (JAN), is part of Junior Achievement Worldwide (JAWW), the world’s largest and fasted-growing non-profit educational organisation with a 121 country network.