There are insinuations that most Nigerians do not know the value of money or how to invest.
Well, if this assumption is true, it is really not their fault. Most of them never got any education in that aspect.
Now, to gradually eradicate this problem, the Central Bank of Nigeria is mentoring students on financial literacy.
The apex bank believes this will help them better understand the value of money and how to secure it.
The move will help Nigerian youths in secondary school imbibe the culture of financial savings. Basically, the bank believes it will help them to better secure their future.
According to the CBN, the sensitisation programme will help young people think about their future when they make financial decisions.
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It believes that training young people early about money management, savings and budgeting, will help them manage their finances better.
Protect Your Money
The CBN’s Deputy governor on financial systems stability, Philip Ikeazor made the call at a school mentoring programme.
According to the CBN, the programme si in commemoration of the 2024 Global Money Week.
The financial literacy programme held in its Abuja headquarters.
The theme for this year’s edition is “Protect Your Money, Secure Your Future,” which stresses the importance of learning from an early age.
Free From Scammers
Furthermore, Ikeazor said it was important not only to make money, save or investing for the future, but to also know something about frauds and scams.
“Equipped with such skills at this young age, you will be able to achieve financial independence and a financially secure future.
“Truth be told, having an income, and making a substantial amount of money does not guarantee financial security.
“What is important is your ability to develop and hone skills and attitudes to manage your financial resources to have a secure future,” he emphasised.
According to him, students must know how to respond to scammers and various ways to protect their money online and offline.
How To Respond To Scammers
Most importantly, students need to know how to report to a bank if one does have an encounter with scammers or fraudsters.
“In essence, the financial decisions you make today and the education you acquire today have a huge impact on your future”.
Meanwhile, Ikeazor was represented by the Director of Consumer Protection Department, Nuhu Othniel.
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Furthermore, he told the students that by learning these skills at a young age and with consistent practice, “you will have a brighter future”.
Finally, he admonished them to smart about how they handle their money while they are still young. To this, he advised them to save, budget and become educated.
