Regulatory Alerts2012-07-06 | CFP/DIR/GEN/CIR/01/001Exposure Draft of Financial Literacy Framework in Nigeria
The Central Bank of Nigeria (CBN) and stakeholders are committed to implementing a National Financial Inclusion Strategy to reduce the number of Nigerians without access to financial services. To achieve this, the CBN has developed a draft framework for financial literacy programs in Nigeria, with the goal of educating the population to better understand financial products, develop skills, and make informed decisions. The framework outlines strategies for different population categories, including children, youth, uneducated/illiterate individuals, financial service providers, and policymakers. It also sets implementation plans, timelines, and roles for stakeholders. The CBN will lead the financial literacy drive, with support from other stakeholders, to empower Nigerians with financial knowledge and promote economic growth.