Local Economic Development

The Access to Finance Unit provides technical support to institutional partners who build the financial competencies of Micro, Small and Medium Enterprises and poor economically active population in Nigeria. The unit contributes and coordinates financial education initiatives in Nigeria in cooperation with financial sector stakeholders, public, private and civil society partners providing financial literacy and capacity building programmes.

The unit is a member of the Financial Literacy Working Group and Financial Inclusion Technical Committee.

Objective

To institutionalize FL trainings in 8 organizations, conduct and monitor training-of-trainers and multiplier trainings.

Partners

Central Bank of Nigeria (CBN)
Federal Ministry of Youth and Sports Development (FMY&SD)
Chartered Institute of Bankers of Nigeria (CIBN)
Centre for Microenterprises Development
P3 Consulting
Bege Foundation
Enugu Enterprise Development Centre
Ministry of Youth, Niger
Migration Organisations

Initiatives

Developed and revised Financial Literacy (FL) materials for trainers, intermediaries and end-beneficiaries. FL modules cover 14 topics targeted at developing the financial capabilities of the low-economically active population.

Materials for trainers and intermediaries include

  • Factsheets
  • Learning Activities
  • Trainers’ manual

Materials for End-beneficiaries include

  • Cashbooks
  • Handouts
  • Storybooks
  • Posters

Conduct Training-of-trainers for partner organisations.
Supported the inclusion of Financial Education in the Nigeria Schools’ Educational Curriculum for Secondary Schools.
Supported and coordinated the National Peer Educator Programme Initiative for driving financial inclusion in Nigeria in collaboration with the CBN and FMY&SD.
Produced and revised Talk Moni Radio programme for public awareness and mass education on FL topics and microinsurance.

Objective

To support a digitalized, streamlined financial education system in cooperation with financial sector stakeholders.

Partners

Central Bank of Nigeria

Initiatives

Development of strategy document for Creating an eLearning platform for Financial Education.