By Elizabeth Adegbesan

THE Central Bank of Nigeria (CBN) in collaboration with Nigerian Educational Research and Development Council (NERDC) have concluded plans to introduce financial education curricula into basic and senior secondary schools in the country from the next academic session (2017/2018).

Director, Consumer Protection Department, CBN, Hajiya Umma Dutse, disclosed this yesterday, at a workshop organized by CBN and NERDC in Lagos. The workshop was tagged, “Critique and Editorial Workshop for the Development of Teacher’s Guides for the Mainstreaming of Financial Education into the Basic and Senior Secondary School Curricula”.

Speaking during the workshop, Dutse said: “We are indeed committed to seeing that the entire financial education curriculum is launched at the beginning of the 2017/2018 academic session. I want to believe that CBN and the financial sector regulators and all stakeholders are committed to this project. Even if there is a short fall of money from what we have now, from what we have collected, because this was budgeted a long time ago and there was commitment by all that has paid into the project.”

According to her, the financial education curricula would be extended to Basic and Senior Secondary Schools in all states of the federation when there is sufficient funding for the project.”

Speaking on the sideline to journalists, Prof. Ismail Junaidu, Executive Secretary, NERDC, stated: “The estimated cost of funding the training of teachers depends on the amount of teachers we are going to train which we have not been able to obtain. That is the only time we will be able to know the cost. Without funding we will not achieve anything.”

Ismail noted that the infusion of financial education into the school curriculum is to ‘catch them young’, to empower school children in order to make informed and appropriate decisions in managing their resources.

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