I Want To Be A Teacher for Life -CBN Governor

sanusi-lamido newThirty-two years since he last taught in a secondary school, the Governor, Malam Sanusi Lamido Sanusi, on Monday, September 30, 2013, taught selected students financial literacy, urging them to also cultivate the attitude not just the knowledge.
Sanusi, who said that he wants to be a teacher for life while teaching the school children at the Model Secondary School, Maitama, took them through the rudiments of financial education, with the key message of ‘planning their spending and saving’.
The well-attended event, which was organized by the Consumer Protection Department of the Bank, in conjunction with the Junior Achievement (Nigeria), a non-governmental organization and the FCT Secondary Education Board, drew students from four secondary schools in the FCT.
The Governor, who opened the lecture with the short history of himself being a secondary school teacher last in 1982, in Yola, then Gongola State, as a youth corps member, said that the lecture, entitled “money matters”, was aimed at educating the children to plan their spending and saving. He noted that money was never an end in itself, but a means to an end, as the children would need money to pay school fees, buy things they want and eventually bear responsibilities.
The Governor warned that people could become poor when they spend more than they earn, and would conversely, become wealthy when they spend less than they earn.
He noted that most children nowadays struggle with what he called ‘peer pressure’, which he said always pushes them to making unjustifiable demands from their parents, who also have needs and responsibilities to take care of.
He urged them to always ‘pay’ themselves by making sure they save at least 10% of what they earn, as expenditures of buying things and paying rents for example, amount to paying others.
Speaking on the setting of short, medium and long terms goals, he enumerated different ways of saving as well as the risks and benefits associated with each.
Sanusi concluded the lecture by introducing the children to other aspects of financial education, including insurance, pension, stock broking and deposit insurance, urging them to avail themselves of the opportunities in all of these, which the CBN and other regulators work hard to make sure they were served well.
He equally advocated for the inclusion of financial capability courses in the secondary school curriculum, which would ensure children have the knowledge about their earnings until retirement.
Earlier in her address, Director, FCT Secondary Education Board, Mrs. Fatima Baba, expressed her delight in the CBN’s partnership with secondary schools, saying that teaching subjects that would prepare children to becoming self-reliant was cost-intensive. She lauded the interventions of the Bank, which included the renovation of the multimillion naira multi-purpose hall on the premises of the Model Secondary School, Maitama.
Four public schools participated in the event, namely; Junior Secondary School, Idi-koro; Junior Secondary Karu; Junior Secondary School Model, Maitama; and Model Secondary School Maitama.