CLOSE to 55,000 adults have received financial literacy training and 197,000 school children from Class One to Form Six will be taught financial literacy training beginning next year.
This was revealed by Finance Ministry permanent secretary Filimone Waqabaca at the Fiji Institute of Accountants Congress 2012 held in Nadi over the weekend.
What this means is our children will be better educated about the importance of handling and using funds. They will learn a very important life skill, how to better manage money.
Mr Waqabaca said the adult training program came about after it was realised that many people did not have any knowledge of managing and budgeting what they earned.
We held a national financial competency survey which was done in partnership with the Reserve Bank of Fiji and the Fiji Bureau of Statistics and found that a lot of adults were in need of financial advice and education.
The Adults Financial Literacy Education program was launched in 2010 and achieved mammoth results, said Mr Waqabaca.
Close to 400 accountants, business leaders and government delegates attended the annual conference.
Williams and Goslings Dave Aidney said, Its encouraging to hear they are taking financial literacy to schools.