What Is SabiMONI All About?

Speaking at the ceremony, the CBN Governor, Godwin Emefiele, said that the platform was a fully digital national e-learning platform that provided a knowledge base for financial literacy.

He explained that, SabiMONI is aimed at providing individuals with the opportunity to be trained and to become Certified Financial Literacy Trainers through self-service.

The CBN governor also noted that the absence of or low levels of financial literacy constituted an impediment to financial inclusion.

His words, “The platform is aimed at supporting our efforts toward ramping up the number of experts that can be used to drive financial education in the country and perhaps beyond.

Also Read CBN List Of 45 Failed Nigerian Banks and Dates For Closure

“One of the key drivers of financial inclusion today is no doubt financial literacy.

“It is a prerequisite for greater financial inclusion, which would lead to the stability of the financial system and ultimately economic growth and development.”

According to him, in order to address the financial inclusion gaps, the National Financial Inclusion Strategy 2022, identified increasing adoption and
usage of financial services in priority demographics.

He said that such demographics comprised the most vulnerable segments such as women, youth, MSMEs and rural dwellers.

“And especially, the Northern part of the country as well as expansion of digital financial services and platforms amongst its strategic priority areas.

“To enable us to achieve these, we must take deliberate steps to upscale financial capability through financial education programmes.

“The shortage of skilled and experienced persons to drive financial education remains a major hindrance.

“Interestingly, the National Financial Inclusion Strategy 2022 places high priority on financial and digital learning.”