Ministry of Education, CBN Endorse Financial Education Initiative, Laud Bloomberg Education-DBS Partnership

Fadekemi Ajakaiye 

The Federal Ministry of Education and the Central Bank of Nigeria (CBN) have officially endorsed the Financial Education Initiative (FEI), a groundbreaking program aimed at promoting financial literacy among Nigerians.

Minister of State for Education, Dr. Suwaiba Said Ahmad, praised the founders of the initiative, led by Dr. Noel Akpata, for their commitment to education and economic development. “This initiative is a testament to the power of collaboration and innovation in driving economic growth and development,” said Dr. Ahmad. “I am confident that the Financial Education Initiative will play a critical role in empowering our youth with the skills and knowledge needed to succeed in the global economy.” The Minister also commended the initiative’s two critical projects, World Record Setting Financial Literacy Awareness Series nationwide and the facilitatory role for Nigeria’s leading financial Markets lab, at The Prestigious Dangote Business School, Bayero University, powered by Bloomberg Education. “These projects have the potential to transform the financial landscape of our country and provide our youth with the tools they need to succeed,” said Dr. Ahmad.

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, lauded the initiative immensely, promising strong support. “Financial education is essential for economic growth and development, and we are committed to supporting initiatives that promote financial literacy among Nigerians,” said Cardoso. “The Financial Education Initiative is a critical step towards achieving our goal of a financially inclusive society, and we look forward to working with the initiative’s founders to make it a success.”

Dr. Noel Akpata, National Coordinator of the Initiative, spelt out the mission, vision, and objectives of the initiative, depicting a strong commitment to its actualization. “Our goal is to empower Nigerians with the skills and knowledge needed to make informed financial decisions and succeed in the global economy,” said Dr. Akpata. “We believe that financial education is the key to unlocking economic growth and development, and we are committed to making it accessible to all Nigerians.”

Chairman of the event, Dr. Shamsudeen Usman (OFR, CON), expressed faith in the initiative, praised the organizers, and charged them to success. “This initiative has the potential to transform the financial landscape of our country and provide our youth with the tools they need to succeed,” said Dr. Usman. “I have no doubt that the Financial Education Initiative and the Bloomberg-DBS Financial Markets Lab will be a huge success and make a significant impact on the lives of Nigerians.”

Member of the Board of Directors of the Central Bank of Nigeria, Prof. Muritala Sagagi, showed strong belief in the initiative and the upcoming development at the Dangote Business School. “The Financial Education Initiative is a critical step towards achieving our goal of a financially inclusive society,” said Prof. Sagagi. “I am confident that the initiative will make a significant impact on the lives of Nigerians and contribute to the growth and development of our economy.”

Vice Chancellor of Bayero University, Prof. Sagir Adamu Abbas, expressed optimism and joy about the initiative and pledged the total support of the institution. “We are excited to be a part of this initiative and contribute to the growth and development of our economy,” said Prof. Abbas. “We believe that financial education is essential for economic growth and development, and we are committed to supporting initiatives that promote financial literacy among Nigerians.”

Dean of the Dangote Business School, Prof. Talatu Barwa, excitedly endorsed the initiative and looks forward to implementing its objectives. “We are thrilled to be a part of this initiative and contribute to the growth and development of our economy,” said Prof. Barwa. “We believe that financial education is essential for economic growth and development, and we are committed to supporting initiatives that promote financial literacy among Nigerians.”

The Bloomberg delegation, led by its Head, Africa region, Wassim Zikara, further lauded the project and led a deep dive into the Bloomberg Financial Markets Lab implementation strategy at the Dangote Business School. “We are excited to be a part of this initiative and contribute to the growth and development of Nigeria’s economy,” said Zikara. “Our goal is to provide Nigerians with access to world-class financial education and training, and we believe that the Financial Education Initiative is a critical step towards achieving this goal.”

Financial Literacy Lead of GIZ, Tope Salami, expressed joy about the development and pledged support of the institution. “We are excited to be a part of this initiative and contribute to the growth and development of Nigeria’s economy,” said Salami. “We believe that financial education is essential for economic growth and development, and we are committed to supporting initiatives that promote financial literacy among Nigerians.”