Connect with us

Business

CBN Boss Seeks Financial Education For Youths

Published

13 years ago

on

The Central Bank Governor, Malam Sanusi Lamido Sanusi, says financial literacy was a sure way to economic growth and development in the country.

Sanusi made his views known at the grand finale of the Child and Youth Finance Week yesterday in Abuja.

“It is only when the majority of Nigerian population, including children and youth, are financially literate that they can understand, make informed choices and better utilise financial products and services.

“By so doing, they are able to contribute to financial stability, economic growth and development,” he said.

Represented by the Deputy Governor Operations, Mr Tunde Lemo, he said that the apex bank had developed a financial literacy frame work, which articulated a strategic direction for the delivery of financial education in Nigeria.

Sanusi said that the framework encompassed a multi-stakeholders approach to the delivery of financial literacy programme across various target groups of the population.

He said: “One of these target groups is the Nigerian children and youth.

“The ultimate goal of the framework is to empower Nigerians with the knowledge to make informed financial decisions that would enhance their well-being.”

He said that child and youth financial week was celebrated worldwide to propagate financial literacy to enable youth and children have access to safe and trustworthy financial services.

The CBN governor said that growth and development of Nigeria rest on the youth, adding that there was the need to invest in them to prepare them for the future challenges.

He said that the apex bank had in 2009 embarked on a reform programme designed to reposition the Nigerian financial sector for greater impact on the country’s growth and development.

“An important aspect of the programme is consumer protection and financial literacy,” he said.

Also speaking, the Director, Consumer Protection Department, Hajia Umma Dutse, said the CBN through the Consumer Protection Department had embarked on ensuring a safe, suitable and sound financial system in Nigeria.

She said that the mission of the global child and youth finance movement was to ensure that 100 million children and youths in 100 countries had access to suitable financial products and education by 2015.

“The Consumer Protection Department would continue to develop initiatives to create synergy between the financial sector and education provider.

“This will be for the development of child and youth friendly banking products and service in Nigeria.

Related Topics:
Continue Reading

Business

Kenyan Runners Dominate Berlin Marathons

Published

18 hours ago

on

September 22, 2025

By

Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.

Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.

The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.

Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.

“I did my best and I am happy for this performance,” said Sawe.

“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”

Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.

In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.

Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.

Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.

 

Continue Reading

Business

NIS Ends Decentralised Passport Production After 62 Years

Published

18 hours ago

on

September 22, 2025

By

The Nigeria Immigration Service (NIS) has officially ended passport production at multiple centres, transitioning to a single, centralised system for the first time in 62 years.
Minister of Interior, Dr Olubunmi Tunji-Ojo, made the disclosure during an inspection of the Nigeria’s new Centralised Passport Personalisation Centre at the NIS Headquarters in Abuja, last Thursday.
He stated that since the establishment of NIS in 1963, Nigeria had never operated a central passport production centre, until now, marking a major reform milestone.
“The project is 100 per cent ready. Nigeria can now be more productive and efficient in delivering passport services,” Tunji-Ojo said.
He explained that old machines could only produce 250 to 300 passports daily, but the new system had a capacity of 4,500 to 5,000 passports every day.
“With this, NIS can now meet daily demands within just four to five hours of operation,” he added, describing it as a game-changer for passport processing in Nigeria.
“We promised two-week delivery, and we’re now pushing for one week.
“Automation and optimisation are crucial for keeping this promise to Nigerians,” the minister said.
He noted that centralisation, in line with global standards, would improve uniformity and enhance the overall integrity of Nigerian travel documents worldwide.
Tunji-Ojo described the development as a step toward bringing services closer to Nigerians while driving a culture of efficiency and total passport system reform.
According to him, the centralised production system aligns with President Bola Tinubu’s reform agenda, boosting NIS capacity and changing the narrative for improved service delivery.
Continue Reading

Business

FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year 

Published

18 hours ago

on

September 22, 2025

By

The National Information Technology Development Agency (NITDA) has announced plans to roll out Digital Public Infrastructure (DPI) and the Nigerian Data Exchange (NGDX) platforms across key sectors of the economy, starting in early 2026.
Director of E-Government and Digital Economy at NITDA, Dr. Salisu Kaka, made the disclosure in Abuja during a stakeholder review session of the DPI and NGDX drafts at the Digital Public Infrastructure Live Event.
The forum, themed “Advancing Nigeria’s Digital Public Infrastructure through Standards, Data Exchange and e-Government Transformation,” brought together regulators, state governments, and private sector stakeholders to harmonise inputs for building inclusive, secure, and interoperable systems for governance and service delivery.
According to Kaka, Nigeria already has several foundational elements in place, including national identity systems and digital payment platforms.
What remains is the establishment of the data exchange framework, which he said would be finalised by the end of 2025.
“Before the end of this year and by next year we will be fully ready with the foundational element, and we start dropping the use cases across sectors,” Kaka explained.
He stressed that the federal government recognises the autonomy of states urging them to align with national standards.
“If the states can model and reflect what happens at the national level, then we can have a 360-degree view of the whole data exchange across the country and drive all-of-government processes,” he added.
Continue Reading

Trending