Efiko Management Promotes Financial Literacy in Nigeria

Efiko Management Consult, led by Chief Executive Omagbits Barrow, is promoting financial literacy in Nigeria to address corruption and support youth development. The firm emphasizes that financial education is often introduced too late, making it difficult to change established financial behaviors.

Barrow argues that financial education should encompass more than just saving and investing; it should also include ethical values and responsible wealth creation to reduce the tendency for individuals to pursue unethical financial shortcuts. The firm collaborates with the Securities and Exchange Commission Nigeria and the National Financial Literacy Technical Committee to develop educational materials, including animated digital content, for a nationwide campaign.

They have partnered with financial institutions such as First City Monument Bank, Access Bank, Zenith Bank, and Stanbic IBTC to implement practical tools like board games and storybooks in schools. Their flagship initiative, the Coin Character Program, aims to reach 900 students and teachers across 30 schools in Abuja from 2023 to 2025.

Additionally, they plan to expand their reach through digital platforms and broader partnerships with a curriculum-based model integrated into Nigeria's formal education system.