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Responding to the global shift of Financial Literacy from the adults to the children and youths, Credit Awareness, a Financial Literacy Not for Profit organization has signed an M.O.U with another Organisation involved in Child and Youth educational activities, Ajapa World, in pursuit of the Financial Literacy Roadmap that is being initiated by the Central Bank of Nigeria (CBN).

This M.O.U signing ceremony which held on February 20, 2013 preceding the Launch of the Financial Literacy for the Nigerian Child and Youth Programme. The nationwide launch was flagged off in Lagos State on April 11, 2013.

In attendance were the Executive Governor of Lagos State represented by the Permanent-Secretary, Finance, Ministry of Finance, J.O Williams and the Honourable Commissioner, Lagos State Ministry of Education represented by the Director, Child Guidance Services, School of Counselling and Special Education, Ministry of Education, Oluwatoyin Olayinka.

The audience consisted of 200 School children from 10 different schools in Lagos Island which included Anglican Seminary Primary School, Anwarul Islam Primary School, St. Mary’s School and seven other schools. Some Commercial banks involved with child and Youth products were also present and they included Skye bank, Access Bank, Diamond Bank and Wema Bank. Other stakeholders in attendance included Financial Literacy for All and Junior Achievement Nigeria.

Read also: Skye Bank, Credit Awareness, others engage children on financial education

The Ajapa Club will be inaugurated in all Schools in Nigeria starting with Lagos State as a leadership and voluntary Movement. The club will be championed by Role Model Teachers. These role models or lead teachers will be required to teach Financial Literacy education in ways appealing to the children so that they can imbibe the relevant values and ingredients for building financial prudence, savings culture, understanding the value and importance of money, appreciation of parental efforts in their lives and many more values through the use of games, drama, quizzes, puzzles and other media that are child-friendly.

At the event, all the participants agreed to be the initial ambassadors of the Ajapa Club in their various schools. This initiative will be replicated in all public and private schools in Nigeria starting with the schools in Lagos state.

The next Launch will be taking place in all the other geo-political zones of Nigeria until all the states of the country have been covered. These launches will be executed in partnership with the Consumer Protection Department of the Central Bank of Nigeria who is the primary driver of this Financial Literacy Initiative in Nigeria.