A social enterprise, Kidpreneur Africa, has launched a financial literacy and inclusion programme called ‘My Money and I’ and a financial game for Nigerian children and young people.
The Founder and Executive Director of the organisation, Juliet Vincent-Obi, noted in a statement that they are tackling the low level of financial literacy among young people, between the ages of 6 and 15 years, through their Financial Literacy and Inclusion Project (FLIP), which empowers them with financial and entrepreneurial skills to bring an end to poverty and increase economic growth.
Vincent-Obi stated that the ‘My Money and I’ programme, which will run both on radio and television, was born out of the need to increase the organisation’s reach in financial literacy awareness among young children.
“We believe that one of the most important lessons children can learn is how to manage their money. Many young people go into adulthood with little knowledge about financial management and end up making mistakes that cost them regrets in the long run,” she said.
She further said the programme will help children understand and gain various financial skills like savings, spending, investing, and budgeting, which will encourage them to make the right financial decisions.
On the financial literacy game, she said the game will improve the learning experience and allow young people to adopt new knowledge in a fun and engaging way.
She added that it will influence the child’s financial behaviour and make them savers, givers, investors, and value-conscious consumers.
Vincent-Obi further said that the programme comes in four indigenous languages: Igbo, Hausa, Yoruba, and Pidgin English, which will help to bridge the language gap, especially for children in rural communities.
“Financial literacy is not taught in basic schools, and many children grow up not understanding the dynamics of investments and everything that goes into financial planning like budgeting, income, expenditure, and how it affects their finances,” she said.
She stressed that making children and young people aware of how money works at a young age will make them more inclined to practise healthy spending and saving habits. In light of this, she said that if this is not done at an earlier age, imbibing the investment culture becomes very difficult in adulthood.
Speaking about their work over the years, Vincent-Obi said Kidpreneur Africa has made significant impacts by sensitising 100 schools across 22 states in Nigeria and three African countries and is eager to extend its reach and impact more children and youths in schools and communities across Nigeria and Africa.
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