The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, has solicited financial system regulators operators and other stakeholders’ support for successful the operations of the newly launched SabiMONI e-Learning Platform by the apex bank in view of its immeasurable benefits to the economy.
Emefiele made this appeal on Monday in his keynote address at the launch of the SabiMONI e-Learning Platform, a fully digital national e-learning platform that provides a knowledge base for financial literacy.
The platform aims at providing individuals with the opportunity to be trained and to become Certified Financial Literacy Trainers (CFLT) through self-service as well as supporting the nation’s efforts towards increasing the number of experts to champion the drive for financial education in the country and perhaps beyond.
The apex bank governor, who noted that one of the key drivers of financial inclusion, stability of the financial system and economic growth of the country today remained financial literacy, explained that the National Financial Inclusion Strategy 2022 was initiated to bridge financial inclusion gaps in the country.
He expressed optimism that the SabiMONI Financial Literacy e-Learning Platform would fast-track the apex bank’s financial education drive physically through the Certified Financial Literacy Trainers at the locations where it is most needed and to drive digital financial literacy, thereby boosting consumer confidence in the uptake and utilization of digital financial services.
According to him, the SabiMONI portal will serve as a repository of information not only for learners but also for researchers in the most effective manner.
To achieve successful adoption of the SabiMONI portal in the financial system, Emefiele urged the financial system operators, regulators, and our development partners, to ensure that their efforts impact positively on financial capability, financial health, and financial inclusion.
Specifically, the foremost banker charged the operators, regulators and development partners “to ensure that a pragmatic measurement and evaluation framework is put in place that would enable us always to assess the impact of not only the SabiMONI but also, other financial literacy initiatives.”
He also expressed the apex bank’s appreciation to the development, technical and implementation partners including the German Agency for International Development (GIZ); the Federal University of Technology, Minna, Niger State; and the Nigeria Inter Bank Settlement System (NIBSS) and other members of the Financial Literacy Working Group for their dedication that made the launching of the SabiMONI Financial Literacy e-Learning Platform a reality.
