As stakeholders marked this 12 months’s International Cash Week, Efiko Administration Consulting has referred to as for a extra structured and sustained method to {financial} training in Nigeria.
It warned that delayed publicity to cash administration contributes to poor {financial} behaviour and weak moral requirements amongst younger folks.
The Managing Marketing consultant and Chief Govt, Efiko Administration, Omagbitse Barrow, stated {financial} literacy stays one of the crucial ignored but impactful areas of training, including that it’s usually launched too late when people are already incomes or making funding selections.
He said that by that stage, many money-related habits have already been shaped, making behavioural change tougher.
Barrow said that {financial} training ought to lengthen past fundamental teachings on financial savings and funding to incorporate ethics, worth creation, and accountable wealth constructing.
He linked the prevalence of corruption partly to behavioural patterns developed early in life, arguing that correct {financial} training can instill accountability, self-discipline, and delayed gratification.
He added that such values are important in lowering the tendency amongst people to pursue unethical {financial} shortcuts.
Efiko Administration Consulting has been concerned in selling {financial} literacy initiatives throughout Nigeria. The agency has collaborated with the Securities and Trade Fee Nigeria by means of its Nationwide {Financial} Literacy Technical Committee to develop academic supplies, together with animated and digital content material utilized in nationwide campaigns.
These efforts had been carried out in partnership with organisations corresponding to Stanbic IBTC, Nigerian Trade Group, and Rising Africa.
On the grassroots stage, the agency has partnered with {financial} establishments together with First Metropolis Monument {Bank}, Entry {Bank}, Zenith {Bank}, and Stanbic IBTC to introduce sensible instruments corresponding to board video games and storybooks in colleges and youth programmes.
Certainly one of its flagship initiatives, the “Cash of Character” programme, was carried out in colleges throughout Abuja between 2023 and 2025, reaching over 900 college students and lecturers in additional than 30 colleges, with further oblique affect by means of prolonged school-based actions.
The agency additionally labored with the Central {Bank} of Nigeria’s Client Safety Division throughout International Cash Week and organised free webinars for folks and lecturers to strengthen {financial} training at house and in lecture rooms.
Wanting forward, Barrow stated the organisation plans to increase its attain by means of digital platforms, broader partnerships, and curriculum-based fashions that may be built-in into Nigeria’s formal training system.