Financial Literacy re-echoes as bankers mark Global Money Week

As part of its commitment to promote financial inclusion in Nigeria, and to commemorate Global Money Week 2016, the Bankers’ Committee through its Financial Literacy and Public Enlightenment sub-committee has mapped out activities directed at primary and secondary school students. Global Money Week takes place from Monday, March 14th to Sunday, March 20th and the Bankers’ Committee has designated Thursday, March 17th as “Financial Literacy Day”.

The purpose of Global Money Week and Financial Literacy Day is to promote financial knowledge and fiscal planning skills in children and the youth.  Planned activities to mark the week include visits by officials of all Financial Institutions in Nigeria to schools adopted by their institutions. During the school visits, Financial Institution CEOs/GMDs will teach selected students from the schools a module of a Financial Literacy curriculum specially designed by Junior Achievement – Nigeria, a non-governmental organisation focused on educating children on economic matters.

Individual financial institutions have also arranged for students to visit banking halls to observe day-to-day banking activities. The Central Bank of Nigeria will also be organising a Child and Youth Finance Fair/Exhibition in Abuja to mark the week.

Speaking on the activities, Emeka Emuwa, Chair of the Financial Literacy and Public Enlightenment Sub-committee and Chief Executive Officer of Union Bank of Nigeria PLC said, “Financial Literacy is a key initiative in our effort to achieve Financial Inclusion in Nigeria. It is important that citizens are knowledgeable in economic and financial matters. The Bankers’ Committee is committed to promoting financial literacy and enlightening the public in this area”.

The priorities and objectives of the sub-committee remain educating the public on financial literacy.