CBN pledges to improve youth financial education

FFTHE Central Bank of Nigeria (CBN) has pledged to intensify efforts on youth financial education so as not only to have youth who  are financially literate but also make them self-sustainable.

CBN representative at a one-day advocacy  programme in Abuja, Mr Abubakar Albasu, said the Apex bank was already collaborating with Linking the Youth of Nigeria thorough Exchange (LYNX) Nigeria, a non-governmental organisation among others,  to drive home this objective.

He stressed the relevance of financial inclusion, saying CBN could not do it alone and that there was the need to partner with all relevant stakeholders to make the idea work.

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He said many stakeholders had also called for the infusion of some elements of financial education into the country’s school curriculum or it  be allowed to  stand alone  as a subject because of its importance.

Albasu said that CBN and the National Youth Service Corps (NYSC) had been partnering for many years to reach out to youths by using the  service to teach financial education especially in agriculture in rural areas.

He said the CBN would continue to welcome any partnership that could contribute to the learning of financial education,  using approaches outside of the school curriculum.

On her part, the National Progamme Officer of LYNX Nigeria, Ganiyu Ibikunle, revealed that the organisation had trained over 30,000 youths in Nigeria from 2004 till date, enriching them with knowledge and experience in order to develop  a stronger sense of social and financial responsibility, commitment to community development and nation building.