The Central Bank Governor, Malam Sanusi Lamido Sanusi, says financial literacy was a sure way to economic growth and development in the country.

Sanusi made his views known at the grand finale of the Child and Youth Finance Week yesterday in Abuja.
“It is only when the majority of Nigerian population, including children and youth, are financially literate that they can understand, make informed choices and better utilise financial products and services.

“By so doing, they are able to contribute to financial stability, economic growth and development,” he said.
Represented by the Deputy Governor Operations, Mr Tunde Lemo, he said that the apex bank had developed a financial literacy frame work, which articulated a strategic direction for the delivery of financial education in Nigeria.
Sanusi said that the framework encompassed a multi-stakeholders approach to the delivery of financial literacy programme across various target groups of the population.

He said: “One of these target groups is the Nigerian children and youth.
“The ultimate goal of the framework is to empower Nigerians with the knowledge to make informed financial decisions that would enhance their well-being.”

He said that child and youth financial week was celebrated worldwide to propagate financial literacy to enable youth and children have access to safe and trustworthy financial services.
The CBN governor said that growth and development of Nigeria rest on the youth, adding that there was the need to invest in them to prepare them for the future challenges.

He said that the apex bank had in 2009 embarked on a reform programme designed to reposition the Nigerian financial sector for greater impact on the country’s growth and development.

Q: So what will you do to save yourself from poverty and financial struggle?
A: Get financially educated so you can get financial assistant.

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To your success

Smart Business team