Zambia Union of Financial Institutions and Allied Workers (ZUFIAW) President Ackim Mweemba has called on government and key stakeholders driving the financial literacy agenda to consider introducing personal financial literacy in the school curriculum.
Mr. Mweemba said if any meaningful and long lasting benefits were to be registered, financial literacy has to be introduced at both primary and secondary school levels.
This is according to a statement made available to ZANIS today.
Mr. Mweemba explained that there is need for the central bank and the Ministry Education to consider a partnership that will ensure the introduction of personal financial literacy lessons among the leaners.
The ZUFIAW President emphasized that personal financial literacy is an integral part of sustainable economic development of any nation, stating that young people need to have the discipline of handling money inculcated in them at a very young age.
“In the past, the central bank has tried various strategies such as the just ended financial literacy week and financial inclusion campaigns, but not many people appreciate the importance of such matters,” he stressed.
Mr. Mweemba further said it is important that financial skills are imparted to students during their early days of schooling and before they are exposed to the ever-increasing predatory marketing gimmicks of the financial institutions in the country.
He stated that this in reflection over the just ended financial literacy week which was launched by the Bank of Zambia on the 19th March, 2018 aimed at promoting the culture of saving, investment and secured insurance.