DRIVING FINANCIAL INCLUSION FOR SMALL BUSINESSES
Setting Financial Priorities
Business owners are required to secure themselves and their assets in case of rainy days. Investing money in lucrative businesses is one area you as a business owner could look into in order to ensure business growth. To invest it is essential to save a part of our earnings. To be able to save money, you must be able to set priorities right, these priorities would be based on what we classify as needs and those we classify as wants. Making payments requires sending money, in order words to achieve one effectively, all must be understood. This course is designed to ensure that all interconnected elements are understood properly to ensure long term business growth.
This course is developed and endorsed by the Central Bank of Nigeria in Collaboration with the Financial Literacy Working Group and the German Development Cooperation (GIZ)
key Lessons From This Course
There are so many hindrances that can weigh us down as an individual, business owners, and entrepreneurs. Learners will gain a fresh perspective on;
Understand the concept of saving and the benefits of good saving habits in ensuring future business and individual success.
How to determine your needs and separate them from your wants so as to avoid unnecessary expenses
How to invest in lucrative businesses and avoid getting scammed.
The Central Bank of Nigeria is charged with the responsibility of administering the Banks and Other Financial Institutions Act (BOFIA), 2020, with the sole aim of ensuring high standards of banking practice and financial stability through its surveillance activities, as well as the promotion of an efficient payment system. In addition to its core functions, CBN has over the years performed some major developmental functions, focused on all the key sectors of the Nigerian economy (financial, agricultural, and industrial sectors). Overall, these mandates are carried out by the Bank through its various departments.
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Yayin da kuke bikin sallah tare da 'yan uwa da abokan arziki, Lorewa ta dauke kashi 90% akan duk darusssa na tsawon kwanaki biyar (5). Yi amfani da wannan damar kuyi koyo, samu, da haɓakawa.