MOFI Chairman, Shamsudeen Usman to Chair Groundbreaking Financial Education Initiative Launch
Fadekemi Ajakaiye
In a significant move to transform Nigeria’s financial literacy landscape, former Minister of National Planning and Chairman Ministry of Finance Incorporated(MOFI), Dr. Shamsudeen Usman will chair the launch of a pioneering Financial Education Initiative, scheduled for December 18, 2024.
The initiative, which represents a watershed moment in Nigeria’s financial sector development, comprises two transformative components aimed at revolutionizing financial education and market accessibility across the nation.
Speaking at a press briefing, National Coordinator, Financial Education Initiative , Dr. Noel Akpata unveiled the projects ambitious scope: “We are introducing a dual-pronged approach that will fundamentally reshape how Nigerians engage with financial services and education,” he announced.
The first component focuses on catalyzing a nationwide financial literacy and savings revolution. “This program, backed by one of Nigeria’s leading financial institutions, will introduce innovative, financial education courses and a prize-backed savings scheme through a nationally recognized wallet system,” Dr. Akpata explained. “Our goal is to transform Nigeria’s savings culture by making it more accessible, engaging, and rewarding for all participants.”
The second component marks a historic milestone in Nigeria’s financial education infrastructure with the concept launch of the country’s first Bloomberg Financial Markets Laboratory at the prestigious Dangote Business School. This state-of-the-art facility will provide students and professionals with real-time access to global financial markets and world-class financial education resources.
“The convergence of these two components represents a significant leap forward in our nation’s financial infrastructure,” Dr. Akpata emphasized. “We are creating an ecosystem that not only encourages financial literacy and savings but also provides world-class tools and education for the next generation of financial professionals.”
The official launch event will unveil the public and private sector partners who have joined forces to support this transformative initiative. These partnerships demonstrate the strong commitment of Nigeria’s financial sector to advancing financial literacy and education across the nation.
Scheduled for December 18, 2024, this event will bring together key stakeholders from the government, financial sector, and education institutions, marking the beginning of a new era in Nigeria’s financial education landscape.
