In recognition of the role financial literacy plays in the economy and in furtherance of its 2014 priorities, the Bankers’ Committee through its Financial Literacy and Public Enlightenment Sub-Committee, FLSC, has mapped out activities targeted at primary and secondary school students to mark the 2014 edition of Global Money Week from Monday 10th to Monday 17th March, 2014.

To commemorate the weeklong event, Thursday 13th March 2014, has been designated ‘Financial Literacy Day,’ by the Bankers’ Committee. The aim of both Global Money Week and Financial Literacy Day is to inculcate sound financial knowledge and fiscal planning skills in children and the youth.

Planned activities to mark the week include visits by officials of the various financial institutions to schools adopted by their institutions. The CEOs of the financial institution will teach selected students from the schools a module of a Financial Literacy curriculum specially designed by Junior Achievement Nigeria – a non-governmental organisation focused on educating children about their economic environment during the visit. Other activities include visits by students to banks to observe bank activities. The Central Bank of Nigeria, CBN, will also organise a Child and Youth Finance fair/exhibition in Abuja to mark the week.

Speaking on the activities, Emeka Emuwa, chairman of the Financial Literacy and Public Enlightenment Sub-Committee and Group Managing Director of Union Bank said, “Financial Literacy is a key enabler in our quest to achieve Financial Inclusion for sustained economic growth and development in Nigeria. Members of the Bankers’ Committee are fully committed to stepping up our activities in this area.“

The FLSC has defined its 2014 priorities and objectives as: educating children, youth and adults on Financial Literacy; launching and promoting Financial Literacy Day and school adoption and on-going mentorship.