FG SIGNS MoU WITH SIX PROFESSIONAL BODIES TO TRAIN 10 MILLION NIGERIANS ON FINANCIAL INCLUSION

FG SIGNS MoU WITH SIX PROFESSIONAL BODIES TO TRAIN 10 MILLION NIGERIANS ON FINANCIAL INCLUSION


The Federal Government has signed a Memorandum of Understanding (MoU) with six professional bodies to commence a free nationwide training programme for 10 million Nigerians on financial inclusion and financial literacy.

The initiative was formally flagged off on Monday at the Presidential Villa, Abuja, by the Vice President, Senator Kashim Shettima, on behalf of President Bola Ahmed Tinubu, as part of efforts to deepen financial inclusion and equip Nigerians with skills required for participation in the digital economy.

The training is being implemented through the Presidential Committee on Economic and Financial Inclusion (PreCEFI), chaired by the Vice President, and is targeted primarily at women and youths across the country.

Speaking at the event, Senator Shettima said Nigeria could only maximise its demographic dividend if young people and women were deliberately prioritised and equipped with relevant skills and ethical foundations for a rapidly evolving digital economy.

According to him, the MoU represents more than a formal agreement, describing it as “a strategic national investment in capacity as infrastructure—the human, institutional, and ethical foundations upon which inclusive growth must rest.”

He explained that the Aso Accord on Economic and Financial Inclusion, which PreCEFI is mandated to implement, recognises that financial inclusion goes beyond access to financial services and must be built on competence, trust, and capability.

“We cannot build a one-trillion-dollar economy on weak skills, fragmented standards, or disconnected professional ecosystems,” the Vice President said.

The MoU establishes a collaborative framework between the Federal Government and six professional institutions to jointly design training programmes, certification pathways, digital skills initiatives, and mentorship platforms aimed at strengthening Nigeria’s financial and enterprise workforce.

The professional bodies involved are the Institute of Chartered Accountants of Nigeria (ICAN), Chartered Institute of Bankers of Nigeria (CIBN), Chartered Institute of Stockbrokers (CIS), National Institute of Credit Administration (NICA), Chartered Risk Management Institute (CRMI), and the Nigeria Institute of Innovation and Entrepreneurship (NIIE).

Senator Shettima noted that effective financial inclusion requires professionals with the capacity to support MSME formalisation, assess credit risk beyond collateral, embed consumer protection, manage digital risks, and translate innovation into viable enterprises.

He charged PreCEFI and the participating professional bodies to treat the MoU as a practical framework for execution rather than a ceremonial document.

“On behalf of President Bola Ahmed Tinubu, GCFR, I hereby flag off the free training of 10 million Nigerians, with priority for women and youth across the country,” he declared.

Earlier, the President of ICAN, Mallam Haruna Nma Yahaya, commended the Tinubu administration for initiating the programme, describing it as a product of ongoing economic reforms and improving macroeconomic indicators.

He assured the Vice President of the institute’s full professional support, describing ICAN’s participation as an institutional honour.

Also speaking, the Chief Executive Officer of WAWU Africa, the technical partner for the programme, Mr Emmanuel Lennox, expressed readiness to deliver the digital platform and enabling environment required for the success of the initiative.

In his remarks, the Technical Adviser to the President on Economic and Financial Inclusion, Dr Nurudeen Abubakar Zauro, said financial exclusion was driven not only by lack of access but also by limited skills and weak institutional capacity.

He noted that sustainable financial inclusion is achieved when individuals and institutions are equipped to use financial infrastructure responsibly and productively.

The event culminated in the formal signing of the MoU between the Federal Government and the six professional bodies.

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