The prevalent economic conditions have made it important for everyone to be in control of their finances by having access to quality financial education in order to make informed decisions and achieve financial well-being. One of the primary reasons why people struggle with money is their lack of financial literacy or the inadequacy of their financial knowledge. Many people do not understand how money works beyond the basics of receiving it and spending it.
The Central Bank of Nigeria (CBN) formulated the National Financial Inclusion Strategy (NFIS) in 2012 with the mandate to reduce the level of financial exclusion from around 46% in 2010 to 20% by 2020.
Fortunately, there are several avenues where employees can improve their financial knowledge. This article delves into the different platforms and resources where employees can learn about financial education in Nigeria, enabling them to take control of their finances and build a strong foundation for a secure financial future.
Here are some of the places employees can learn about financial education in Nigeria :
Employer-Sponsored Financial Education Programs:
Many employers recognise the importance of financial literacy and are taking proactive steps to provide educational programs for their employees. These programs often cover a wide range of financial topics, such as budgeting, debt management, savings strategies, and investment basics. Employees gain valuable insights and practical tips to improve their financial well-being by participating in these employer-sponsored initiatives. These programs may include seminars, workshops, webinars, or one-on-one financial coaching sessions.
Online Financial Education Platforms:
The internet has revolutionised access to financial education in Nigeria, providing employees with a wealth of resources, articles, videos, and interactive tools.
Earnipay’s LEARN platform is a standout example, offering a comprehensive range of short and simplified courses designed to improve financial literacy. These courses cover essential topics such as spending wisely, saving effectively, understanding insurance, taxes, retirement planning, and more. Employees can conveniently access these materials through the mobile app or website, learning at their own pace and according to their specific needs.
Personal Finance Blogs and Websites:
Personal finance blogs and websites provide valuable information and practical advice on various financial topics. These platforms often feature articles, guides, and expert insights, presenting complex financial concepts in a simplified manner.
Some of them include:
Nairametrics ( Nairametrics is a leading financial news and analysis platform in Nigeria. It covers various aspects of personal finance, including investing, budgeting, saving, and entrepreneurship. The platform provides in-depth articles, market updates, and expert opinions to help individuals navigate the financial landscape.
Money Africa : Money Africa is a comprehensive financial education platform in Nigeria that aims to empower individuals with the knowledge and skills needed to make sound financial decisions.
Smart Money Africa : Smart Money Africa is a personal finance blog founded by renowned financial expert Arese Ugwu. The blog provides practical financial advice, tips, and resources to help individuals achieve financial freedom.
Nigerian employees can explore these and many other reputable finance blogs and websites to gain insights into budgeting, debt management, investing, and other relevant areas of personal finance. Many of these platforms also offer interactive tools, calculators, and forums where individuals can ask questions and engage in discussions.
Financial Literacy Events and Workshops:
Attending financial literacy events and workshops offers a unique opportunity for employees to learn directly from industry experts and engage in interactive learning experiences. These events may be organised by financial institutions, educational institutions, or non-profit organisations. They cover a broad range of financial topics and allow participants to ask questions, network with like-minded individuals, and gain practical insights. Staying updated on local events and workshops through newsletters, social media, or community bulletin boards is key to taking advantage of these valuable learning opportunities.
Access to financial education is essential for Nigerian employees to successfully navigate the complexities of personal finance. Through employer-sponsored programs, online platforms like Earnipay’s LEARN, personal finance blogs, and workshops, employees have a range of resources at their disposal to enhance their financial knowledge. By actively engaging in continuous learning, employees can improve their financial literacy, make informed decisions, and achieve greater financial well-being. Remember, financial education is a lifelong journey, and by equipping yourself with knowledge, you empower yourself to create a brighter financial future.