Financial education is the foundation of economic empowerment. It involves understanding how money works, how it is earned, managed, and invested to build long-term wealth.
Key concepts include inflation, which is the rate at which the general level of prices for goods and services is rising. Understanding inflation helps individuals make informed decisions about savings and investments to protect their purchasing power.
Additionally, learning about central banks, like the Central Bank of Nigeria (CBN), provides insight into how monetary policies, interest rates, and foreign exchange reserves affect the daily lives of citizens and the overall economy.