The Central Bank of Nigeria (CBN) has stated the unveiled Financial Education Curriculum (FEC) would develop into a model for different nations, geared toward creating consciousness on problems with financial administration.
The apex bank stated the curriculum is able to growing entrepreneurial expertise amongst Nigeria’s teeming youths.The Acting Director of Consumer Protection Department, CBN, Yinka Ahmed, acknowledged this at a workshop organised by Nigerian Educational Research and Development Council (NERDC) in partnership with the bank in Lagos on Tuesday.
Already, NERDC, CBN and different financial establishments have developed a stand-alone curriculum, which was infused into the curricula of the related provider topics on the fundamental and senior secondary education ranges.
Ahmed stated the initiative, which birthed two years in the past, was geared toward creating consciousness on the problem of financial administration. In his phrases: “I'm conscious that in different climes, it takes years to develop a financial education curriculum, some operating into double digits. The challenge solely commenced in 2016 and right now we're already commencing the pilot part and hope to launch throughout the subsequent tutorial calendar.
“I am confident that our financial education curriculum shall be a reference point for many others to learn from. I am also optimistic that the depth of knowledge and skills required by consumers to understand financial concept and manage their personal financial matters to enhance their economic wellbeing and also engender trust among them.”
Ahmed, who was represented by Oludamola Atanda, of the Consumer Education Division, Consumer Protection Department, CBN, added: “I am confident that the completion of this project and implementation of the FEC would prepare Nigerian youths for the challenges of contributing towards sustainable economic development of Nigeria.”The Executive Secretary, NERDC, Prof. Ismail Junaidu, stated as a part of the implementation measure, a pilot examine of the initiative is required, whereas the academics within the profession topic areas should be uncovered to the contents of the curricula.
As acknowledged by him, NERDC in collaboration with CBN, organised this workshop to coach academics on the financial points infused into the varsity curricula, to allow them take part successfully within the pilot examine.Junaidu stated the pilot examine was meant for a few academics and faculties, including: “This is to determine the appropriateness of the curriculum and the teachers’ guides for Nigerian schools and the society at large.”
He talked about that 50 academics would start the pilot part, stating that it was necessary for collaborating academics to grasp the content material and the laid down educating strategies allow them implement the curriculum and decide the shortcomings, if any. He also stated that the suggestions acquired from the sector will additional assist to change the curriculum and the academics’ guides earlier than they're lastly rolled out to be used in faculties.