CBN Partners Churches, Mosques On Financial Literacy

In a bid to boost financial inclusion in the country, the Central Bank of Nigeria (CBN) says it will partner with churches and mosques to improve financial literacy in Nigerians.

Recall that financial inclusion is part of the major areas the Governor of the the CBN, Godwin Emefiele plans to pay attention in his next five years in the bank.  

CBN’s director of consumer protection Kofo Salam-Alada told newsmen that the financial regulator settled for a religious approach in achieving this goal because of the spiritual and religious nature of most Nigerians.

He also said   the apex bank has organised outreach programmes with faith-based organisations.

 “CBN is now partnering with faiths-based organisations like churches and Islamic organisations on the Train-the-Trainers to promote this programme.

“We are developing a lot of materials on this and we have also trained a lot of master trainers on this project.

“Financial literacy is important because it helps individuals to make investment decisions and equally help in planning for retirement,” he said.

According to him, CBN is ready to work with any organisation willing to set up an in-house financial literacy programme.