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FG Restates Commitment to Implement Financial Inclusion Across All MDAs

The Federal Government has reiterated its determination for full implementation of financial inclusion in all Ministries, Departments and Agencies.

The Director Economic Research and Policy Management (ERPM), Federal Ministry of Finance, Grace Ogbonna made the disclosure in Abuja while declaring open a three day training programme for Federal Ministry of Finance Staff Batch 2, on the “Service-Wide Financial Literacy in the Workplace programme on Financial Inclusion”.

Ogbonna said that Financial Inclusion around the world has continued to gain attention globally because of the important role it plays in economic development and poverty alleviation.

According to the Director in pursuance of the realization of the foregoing and the fact that a significant number of Nigeria’s public employees have poor knowledge of financial Inclusions, necessitated the Ministry’s need to launch an awareness campaign that would holistically build the capacity of public sector work force on financial literacy.

The Director stated that “The focus is to empower workers and equipped them to be financially savy so as make decisions and exercise discipline in managing their personal finances which would encourage a national saving habit, smart investment and planned retirement for workers in the public sector.”

She implored the participants to take advantage of the training very seriously, stressing that the training would add value to them, families and workplaces.

While commending the Permanent Secretary Finance, Okokon Udo, for his sustained support towards the programme implementation decried that most of the employees in the public sector earn to consume which is largely due to lack of financial literacy.

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