FG launches free nationwide coaching for 10 million Nigerians on {financial} literacy
The Federal Authorities has flagged off a free nationwide coaching programme aimed toward equipping 10 million Nigerians with {financial} literacy and inclusion abilities.
This was introduced in a press release by Stanley Nkwocha, Senior Particular Assistant to the President on Media and Communications.
The coaching programme prioritises ladies and youth, specializing in important {financial} abilities, digital competencies, and funding information to help sustainable wealth creation in Nigeria’s rising digital financial system.
In response to the assertion, the initiative is being applied by the Workplace of the Vice President via the Presidential Committee on {Economic} & {Financial} Inclusion (PreCEFI), chaired by Vice President Kashim Shettima.
The skilled our bodies concerned are the Institute of Chartered Accountants of Nigeria (ICAN), Chartered Institute of Bankers of Nigeria (CIBN), Chartered Institute of Stockbrokers (CIS), Nationwide Institute of Credit score Administration (NICA), Chartered Danger Administration Institute (CRMI), and Nigeria Institute of Innovation and Entrepreneurship (NIIE).
Vice President Kashim Shettima mentioned the signing of the Memorandum of Understanding (MoU) between the Federal Authorities and 6 skilled our bodies is “a strategic nationwide funding in capability as infrastructure which is the human, institutional, and moral foundations upon which inclusive development should relaxation.”
“{Financial} inclusion isn’t achieved by entry alone, however by competence, belief, and functionality. This MoU due to this fact establishes a working framework to harness the collective experience of ICAN, CIBN, CIS, CRMI, NICA, and NIIE to advance inclusion via capability constructing, advocacy, digital transformation, youth empowerment, and help for small and medium practitioners,” he added.
Senator Shettima emphasised that the programme prioritizes ladies and youth, highlighting that Nigeria’s demographic dividend will solely be realised if younger persons are geared up with related abilities and moral grounding for a quickly evolving digital financial system.
The President of ICAN, Mallam Haruna Nma Yahaya, applauded the federal government’s {economic} reforms and pledged the institute’s skilled help for the programme. Mr Emmanuel Lennox, CEO of WAWU Africa, the programme’s technical companion, assured readiness to supply the digital platform and enabling setting for profitable coaching supply.
Dr Nurudeen Abubakar Zauro, Technical Adviser to the President on {Economic} and {Financial} Inclusion, defined the necessity for the initiative, noting that {financial} inclusion is achieved not solely via entry but in addition by equipping individuals and establishments with the talents to make use of infrastructure responsibly and sustainably.
The occasion’s excessive level was the signing of the MoU between the Federal Authorities and the six skilled our bodies, marking the official begin of the nationwide coaching.
Nigeria continues to face vital challenges in youth training and abilities growth, a scenario that has stored many younger individuals out of formal employment or coaching.
Latest labour pressure information confirmed that within the first quarter of 2024, 14.4% of Nigerian youths aged 15 to 24 have been neither in class, employed, nor taking part in any type of coaching, reflecting a big group of disengaged younger Nigerians.
Academic attainment additionally stays low throughout the workforce, with about 86% of Nigerians within the labour pressure having no put up‑secondary training, highlighting a spot in superior studying and specialised abilities which are essential in right this moment’s job market.
Nairametrics experiences that greater than 100 million younger Nigerians lack fundamental digital abilities, limiting their entry to alternatives within the rising digital financial system.
Recognising these challenges, the federal authorities and its businesses have rolled out a number of initiatives to enhance abilities and literacy. Not too long ago, a landmark partnership with the United Arab Emirates (UAE) was to equip seven million Nigerian youths with cutting-edge digital abilities, entrepreneurial coaching, and worldwide publicity