National Financial Literacy Framework (NFLF)

What Is This Policy?

The National Financial Literacy Framework (NFLF) is Nigeria's comprehensive blueprint for developing and implementing financial literacy programmes across all sectors of society — equipping Nigerians with the knowledge, skills, and confidence to make informed financial decisions and participate fully in the formal financial system.

Who Does It Target?

Youth & Students: Primary and secondary school students through curriculum integration Adults & Working Population: Employees in public and private sectors, informal workers, and MSMEs Rural & Underserved Populations: Unbanked and underbanked Nigerians, especially in rural and Northern regions Women: Gender-specific financial literacy programmes addressing barriers to women's financial inclusion Elderly & Low-Income: Groups vulnerable to financial exploitation and poor financial decision-making

What Does It Aim to Achieve?

Promote financial education and literacy among all Nigerians Enhance consumer protection by improving Nigerians' awareness of their rights and obligations Support the achievement of NFIS financial inclusion targets by driving informed demand for financial services Develop a sustainable, stable financial system through financially literate consumers who maintain long-term confidence in financial markets

Key Features

Multi-Stakeholder Implementation: Coordinated by CBN's Consumer Protection Department with Working Groups spanning banks, fintechs, government agencies, NGOs, and faith-based organisations School Curriculum Integration: Financial literacy curriculum developed for primary and secondary schools in collaboration with education regulators SabiMONI E-Learning Platform: CBN's fully digital national financial literacy platform — enables self-service learning and training of Certified Financial Literacy Trainers (CFLTs) Segment-Specific Programmes: Tailored literacy activities for MSMEs, youth, women, rural communities, and public/private sector employees Mass Sensitisation Campaigns: Workshops and media campaigns across Nigeria's 6 geopolitical zones in partnership with state governments Consumer Education Pillars: Market Conduct, Dispute Resolution, and Consumer Education — all critical to the NFIS consumer protection framework

Current Status

The National Financial Literacy Framework is active and being implemented as Nigeria's blueprint for financial education, based on its description of developing and implementing programmes.

Legal Framework

Banks and Other Financial Institutions Act (BOFIA); Central Bank of Nigeria Act; Consumer Protection Council Act; Federal Competition and Consumer Protection Act; National Financial Inclusion Strategy