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DIN Deepens Financial Literacy Campaign

The Development Initiative Nigeria (DIN) has restated its commitment to deepen financial literacy in the country. This, the organisation is doing, to support government policy in that direction.

It has also released this years Filex Awards which showcases successful financial education initiatives by reference to impact, scale and innovation.

Speaking at the announcement of the results, Dr. Bola Fajemirokun of DIN Resource Centre, stated that financial literacy can only be achieved through targeted financial education initiatives and these must be grounded in a thorough understanding of the financial behaviours and attitudes of Nigerian consumers.

The inaugural edition of the Financial Literacy Excellence (Filex) Awards recognised leadership and innovations that have promoted financial literacy in Nigeria.

The awards, which are in four categories, celebrate the important work by individuals and organisations that are improving knowledge and awareness of financial matters among consumers so that they can make sound financial decisions and engage effectively with financial institutions.

The Nigerian Stock Exchange was awarded the Financial Institutions Corporate Achievement Award for its annual essay competition and investment education programmes on the capital market, while the Innovation Award went to the Enterprise Development Centre, Lagos Business School for the customised content on its online portal known as the SME Toolkit.

Nonprofits and social enterprises were not left out with Financial Literacy for All, a Nigerian NGO, bagging the Non-Financial Institutions Corporate Achievement Award for its savings education programmes for children and the hearing and sight-impaired.

The only individual award, the Consumer Champion was awarded to Sola Salako, the founder of the Consumer Advocacy Forum of Nigeria (CAFON), in recognition of her pioneering role in enlightening financial consumers of their rights and responsibilities.

The Filex Awards run on an annual basis as a showcase for successful financial education initiatives by reference to impact, scale, replicability and innovation. Dr. Fajemirokun called for more collaboration across sectors in this field because the task at hand cannot be handled by government agencies or the financial institutions on their own.

 

The post DIN Deepens Financial Literacy Campaign appeared first on Nigerian News from Leadership News.

This post was syndicated from Nigerian News from Leadership News. Click here to read the full text on the original website.

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