The subject of corporate finance has been largely dealt with over the years as compared to the concept of personal finance. In recent times, there has been a global move to the grassroots especially in Africa to improve the latter through financial literacy.
According to Wikipedia, financial literacy is the possession of the set of skills and knowledge that allows an individual make informed and effective decisions with all of their financial resources.
Project Biz Masterminds Ltd is empowering pupils in schools across Nigeria as part of efforts to support the global financial literacy awareness and the Central Bank of Nigeria’s financial literacy campaign.
The company, being one of the leading organisations in financial education in Nigeria participated in the 2018 Global Money Week. Aside an annual participation in events as this and to ensure success in literacy goals, the company works around the clock to teach “age-appropriate concepts” and the importance for young Nigerians to be financially and economically equipped as well as enhancing the development of the nation.
According to a statement by the company’s CEO, Mrs. Queen Chibogu-Ikechukwu, the company’s focus on Child Social and Financial Education is the mission to build a tribe of financially literate kids, teens, “tweens”, and youths. Achieving an early knowledge on the subject helps to shape their formative years and provides them with the necessary skills for life.
The company currently runs a Know.Sow.Grow 2018/2019 #backtoschool financial literacy campaign with the theme Earn.Save.Spend not Earn.Spend.Save. The campaign kicked off in Ogun State, Nigeria and is premised on the concepts including; the basics of financial education and the role and management of money.
“We are currently preparing for the 2019 Global Money Week with the theme Learn.Earn.Save. We seek funding from all sources to successfully launch this course”, said the company’s CEO.
“In addition our company creates educational resources such as workbooks, video learning contents, story books, games, etc. We are setting the pace by integrating our curriculum and learning aids into the school system as is globally seen.”
Financial literacy helps individuals become self-sufficient so that they can achieve financial stability. To thrive, students must learn to be self-aware, learn the effectiveness of team-work and communication and good decision-making on money matters.