CBN, NGX Partners to Boost Students’ Financial Literacy

Nigerian Exchange Limited, Central Bank of Nigeria and other capital market operators have organised a symposium to boost the financial literacy level of some students in Lagos to mark the 2024 Global Money Week.

GMW is an annual global awareness-raising campaign on the importance of ensuring that young people, from an early age, are financially aware, and are gradually acquiring the knowledge, skills, attitudes and behaviours necessary to make sound financial decisions and ultimately achieve financial well-being and financial resilience.

In his welcome address at the event, the Acting Chief Executive Officer of the NGX, Jude Chiemeka, urged the students to embrace financial literacy and be aware that it is a lifelong endeavour.

He said, “I believe this theme holds particular significance, especially for young individuals like yourselves, who stand at a pivotal juncture in laying the groundwork that will ultimately shape the trajectory and quality of your lives a decade or more from now. This event represents a significant step in our ongoing commitment to cultivating a community of financially literate future leaders who possess the knowledge and skills to make well-informed financial decisions through the array of financial literacy resources at their disposal. As we navigate the complexities of the financial world, it becomes increasingly evident that financial literacy and responsible money management are not just desirable traits but essential tools for achieving long-term financial security and prosperity.”

Also speaking at the event, Lanre Gbadamosi of the Consumer Protection department at the Central Bank of Nigeria, highlighted the ‘Sabi Money Platform of the apex bank and how educative it is for school children.

“Sabi money platform is a platform where we have packaged 15 series of financial literacy topics. Financial planning has to start today and it has to start with you the children,” he said.

The Chief Economist and Head of Economic Research/Intelligence at Coronation Merchant Bank, Chinwe Egwim, in her presentation, educated the students on the different economic terms and how it affects them.