₦airaland Forum

The Federal Government of Nigeria on Monday launched a free nationwide initiative to train 10 million Nigerians in financial inclusion and literacy, while signing a Memorandum of Understanding with six professional bodies to develop training programmes, certification pathways, digital skills initiatives, and mentorship platforms.

The initiative, flagged off by Vice President Kashim Shettima on behalf of President Bola Ahmed Tinubu at the Presidential Villa, Abuja, is being implemented through the Office of the Vice President under the Presidential Committee on Economic & Financial Inclusion, PreCEFI, which Shettima chairs.

The programme specifically targets young Nigerians and women, aiming to equip them with essential financial skills, investment knowledge, and digital competencies for sustainable wealth creation.

“The signing of the MoU between the Federal Government and the six of Nigeria’s foremost professional bodies was more than a formal agreement. It is a strategic national investment in capacity as infrastructure which is the human, institutional, and ethical foundations upon which inclusive growth must rest,” the Vice President said.

The six professional bodies involved are the Institute of Chartered Accountants of Nigeria, ICAN, Chartered Institute of Bankers of Nigeria, CIBN, Chartered Institute of Stockbrokers, CIS, National Institute of Credit Administration, NICA, Chartered Risk Management Institute, CRMI, and Nigeria Institute of Innovation and Entrepreneurship, NIIE.

Senator Shettima explained that the Aso Accord on Economic and Financial Inclusion, which PreCEFI implements, recognises that financial inclusion is not achieved by access alone, but by competence, trust, and capability.

“This MoU establishes a working framework to harness the collective expertise of ICAN, CIBN, CIS, CRMI, NICA, and NIIE to advance inclusion through capacity building, advocacy, digital transformation, youth empowerment, and support for small and medium practitioners,” he said.

He added that the programme prioritises women and youth, emphasising that Nigeria’s demographic dividend will only be realised if young people are equipped with relevant skills and ethical grounding for a fast-evolving digital economy.

“Accordingly, on behalf of President Bola Ahmed Tinubu, GCFR, I hereby flag off the free training of 10 million Nigerians with priority for women and youth across the country,” VP Shettima declared.

The President of ICAN, Mallam Haruna Nma Yahaya, commended the Federal Government for its bold economic reforms that enabled the programme. He assured the Vice President of the institute’s full support, calling their involvement an institutional honour.

Similarly, Emmanuel Lennox, CEO of WAWU Africa, the programme’s technical partner, promised to provide the digital platform and enabling environment necessary for successful training.

Dr. Nurudeen Abubakar Zauro, Technical Adviser to the President on Economic and Financial Inclusion, stressed the importance of the programme.

“Exclusion is not only by lack of access, but by limited skills, weak institutional capacity, and insufficient professional support. Financial inclusion is not achieved by infrastructure alone; it is achieved when people and institutions are equipped to use that infrastructure responsibly, productively, and sustainably,” he said.

The event culminated in the signing of the MoU between the Federal Government and the six professional bodies, formalising the nationwide capacity-building initiative.

ogaontop:
Good way to go, we are lagging behind in financial literacy!
This is a country where people leave huge money in the bank just like that; money that will yield better interests when invested in financial instruments!!

ogaontop:
Good way to go, we are lagging behind in financial literacy!
This is a country where people leave huge money in the bank just like that; money that will yield better interests when invested in financial instruments!!

AncestralPowers:
Another avenue to embezzle public funds.

helinues:
Illiteracy is a chronic disease.

Trustedpronet:
What do you mean illiteracy, tell me exactly what the government has been doing right since you were born. Doubt is a prolonged stages of disappointment that made someone to say "it's not possible"

AncestralPowers:
Another avenue to embezzle public funds.

Ernerstdavid55:
Good initiative if is materialized

Deltafirstson:
Although the pump price of fuel was N197 when President Bola Tinubu took over on May 29, 2023, the product now sells for N617 per litre – less than two months after.

In his inaugural address, Tinubu announced that subsidy was gone, fulfilling a promise that all leading presidential candidates made during the campaign.

Nigerians have been lamenting the hardship occasioned by fuel price hike. Amid the lamentation, a video where Tinubu campaigned to slash the price of fuel went into circulation.

Checks by Daily Trust affirmed the authenticity of the video uploaded on the YouTube page of Channels Television.

At his campaign rally in Abeokuta, Ogun State capital, on January 25, 2023, Tinubu spoke on a number of issues, but those of fuel scarcity and naira redesign made the headlines.

However, Tinubu who spoke in Yoruba language, also assured the crowd that though people were saying petrol price would hit N200, it would be reviewed downward under him.

“The great Nigerian youths, the great Nigerian students, the confident Nigerian youths. This is a revolution. This election is a revolution. They are plotting, but they will fail. They said fuel price will increase and reach N200 per litre. Go and relax, we will bring it down,” he had said in the 7th minute of the video.


https://dailytrust.com/breaking-video-of-tinubu-campaigning-to-crash-fuel-



https://www.youtube.com/watch?v=4JH8CC_JdUA

ogaontop:
Good way to go, we are lagging behind in financial literacy!

This is a country where people leave huge money in the bank just like that; money that will yield better interests when invested in financial instruments!!

anonimi:
Ratio of public to private schools in Lagos State is one to 22 ― Commissioner
September 4, 2022

The Lagos State government has said the ratio of public to private schools at both primary and secondary school levels in the state is one to 22.

The state’s Commissioner for Education, Mrs Folasade Adefisayo, gave the revelation in her remark at the 2022 edition of the Total School Support Seminar Exhibition (TOSSE) held at Oregun in Ikeja between Thursday and Friday.

https://tribuneonlineng.com/ratio-of-public-to-private-schools-in-lagos-state-is-one-to-22-%E2%80%95-commissioner/

helinues:
Sebi all the projects we have been reading for quite some times now are constructed in Japan not in Nigeria

Eish

Trustedpronet:
Did you not read about projects during buhari, obassanjo, Jonathan, etc...where are the projects today. The point is that some of those projects are cosmetic in presentation while they all are enshrouded in illegalities, not meant to touch the poor or raise the hope of those in need. Do you hear currently that there is no anti snake venom in our hospitals. Lol. A country with minister of health. Don't blame anyone who is doubting the government please

tell me exactly what the government has been doing right since you were born.

AncestralPowers:
Another avenue to embezzle public funds.

ogaontop:
Good way to go, we are lagging behind in financial literacy!
This is a country where people leave huge money in the bank just like that; money that will yield better interests when invested in financial instruments!!

helinues:
Why not kuku tell us the colour of your confusion as you are contradicting yourself

bjcole:
who is leaving huge money in the bank? do you mean the thieving politicians or who?
because I know that there is a data that says only 5% of Nigerians have over #500,000 in their account.

tito44:
Financial inclusion is not the same as financial illiteracy.