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FCAC releases Make Change that Counts: National Financial Literacy Strategy
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First Bank s FirstMonie product continues to promote financial inclusion
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James Emejo in Abuja
The Managing Director/Chief Executive, SD&D Capital Management Limited, Mr. Idakolo Gbolade, has urged the Central Bank of Nigeria (CBN) to register more cooperative societies with specific mandate to cater for the needs of the unbanked population in the country.
Speaking in an exclusive interview with THISDAY, he said though measures that had been so far deployed by the apex bank to deepen financial inclusion are novel ideas, cooperative societies are required to ensure that the unbanked population, most of whom are uneducated, have confidence in such technologies.
Gbolade said the government should have cooperatives bodies which are able to translate government policy on financial inclusion especially to those who can neither read nor write or who do not have mobile handsets – so that government’s programme can have effective outcomes.
Three Out Of Four Bulgarian Households Are Financially Vulnerable
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The results of the surveys on the level of
financial literacy of the Bulgarians over the last ten years show that significant efforts are needed to increase it. This is recorded in a draft National
Financial Literacy Strategy (2021-2025) published for discussion by the Ministry of Finance.
In
Bulgaria, no periodic studies on the level of
financial literacy based on the same methodology have been carried out so far . Therefore It is difficult to make a full comparison of the evolution of the level of
financial literacy indicators over the years and to outline clear-cut trends. Nevertheless, several studies have been made in the past ten years, including through programs and projects of international organisations that assess the level of