CBN takes money education to schools

In continuation of the annual Global Money Week (GMW), officials of Central Bank of Nigeria (CBN) Thursday visited some secondary schools around Federal Capital Territory (FCT) teaching pupils rudiments of financial literacy.

Deputy Governor, Financial System Stability (FSS), Mrs. Aisha Ahmad who led the team spoke about the importance of money, saving, creating livelihoods and becoming an entrepreneur.

While interacting with pupils of Government Secondary School, Wuse Zone 3 and the Staff Community Secondary School, Asokoro.

“Budgeting is about choices. Choose what to save for the future, what to spend now and what to spend on. Needs first, wants later,” she said.

Quoting Will Smith, Ahmad said “too many people spend money they haven’t earned to buy things they don’t want, to impress people they don’t like” and warned the pupils frivolous spending frivolously and getting into debts.

GMW an annual finance awareness campaign built to inspire children and young people to learn about money matters, livelihoods and entrepreneurship and is an initiative of Child & Youth Finance International (CYFI).

Speaking further, Ahmad said “we want to impact people that are younger than us because we walked the road that they are walking, we know what is coming ahead and we are telling them things that we wish we knew, and things that we wish we said.”

“What we do at the Central Bank the governor always say, is for us to create economy that benefits all Nigerians.”

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“They need to be financially literate, they need to have believe in themselves, they need to know the proper way to earn money. We need to start to encourage people to follow their innate skill and to follow their own path.”

“My message is: do the right thing, study hard, try and understand yourself.”

“Try and understand who you are, what you like to do and see how you can use what you have to do to change the world to make the world a better place.”

“Look around there are many things that we might not like that is going on, that we can change. We need to now start activating ourselves in what can i do. Its also about integrity.”

“When u earn, try and save. When you save, try and invest. We must invest in order to get returns. The more returns usually the risk you have to take.”

GMW is celebrated annually in March across 132 countries to raise awareness on economic citizenship and directly engage children and youth worldwide on the issue.