Financial education in Nigeria
MasterCard and Junior Achievement Nigeria through its Girls’ Enterprise Program (GEP), are collaborating to provide experiential education and training on financial literacy and entrepreneurship to Nigerian youths. 600 secondary school students across 20 schools in Lagos, Port Harcourt and Abuja will benefit from the program.
According to the Central Bank of Nigeria, the unemployment rate in the country stands at 23.9% , a worrisome trend that CBN agrees poses a negative impact on the economic development of the country. Furthermore, the youth unemployment rate is recorded at 46.5% . Entrepreneurship caters for the creation of opportunities for large and small-scale employment, resulting from the setting up of business units. In this way, entrepreneurs play an effective role in reducing the problem of unemployment in the country which in turn clears the path towards economic development of the nation.
Speaking about the partnership, Omokehinde Ojomuyide Vice President and Area Business Head for MasterCard in West Africa, commented: “MasterCard is privileged to work with Junior Achievement Nigeria to turn around the lives of young people in the country. We fully stand behind the youth, the future of this country, and gladly support this initiative to build capacity in entrepreneurship, which is a crucial component of financial empowerment. The partnership between MasterCard and Junior Achievement is ideal because we both share a passion for educating youth as they become financially active in society”.
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