11 Things To Know: FG 10M Nigerians Training On Financial Inclusion

Published: February 4, 2026

The Federal Government of Nigeria has officially set the wheels in motion for a massive transformation of the nation’s economic landscape. In a landmark event on February 2, 2026, the government flagged off a free nationwide training program designed to bring 10 million Nigerians into the formal financial fold.

If you are a student, entrepreneur, or professional looking to scale your skills, here are 11 essential things you need to know about this initiative:

1. A Presidential Mandate for Prosperity

Launched by Vice President Senator Kashim Shettima on behalf of President Bola Ahmed Tinubu, this initiative is a core component of the "Renewed Hope" agenda. It aims to bridge the economic gap and drive Nigeria toward a $1 trillion economy.

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2. Targeting the Next Generation

While open to all, the program places a significant premium on women and youths. The Vice President emphasized that Nigeria’s "demographic dividend" can only be realized if these groups are equipped with the skills needed for a digital economy.

3. More Than Just "Having a Bank Account"

The government is moving beyond simple financial access. This program focuses on competence, trust, and capability, ensuring that participants don't just own a digital wallet but know how to use it to build wealth.

4. Strategic Partnership with 6 Professional Bodies

To ensure the training is world-class, the government signed a Memorandum of Understanding (MoU) with six leading professional institutions:

• ICAN: Institute of Chartered Accountants of Nigeria
• CIBN: Chartered Institute of Bankers of Nigeria
• CIS: Chartered Institute of Stockbrokers
• NICA: National Institute of Credit Administration
• CRMI: Chartered Risk Management Institute
• NIIE: Nigeria Institute of Innovation and Entrepreneurship

5. Coordinated by PreCEFI

The program is being driven by the Presidential Committee on Economic and Financial Inclusion (PreCEFI). This committee, operating out of the Office of the Vice President, ensures that the initiative remains a top national priority.

6. Focus on Digital Skills

In today's world, financial literacy is inseparable from digital literacy. The training will cover digital competencies required for fintech tools, online payments, and securing financial data in a digital-first world.

7. MSME Formalization

A major goal is to help Micro, Small, and Medium Enterprises (MSMEs) move from the informal sector into the formal economy. This includes training on proper accounting, business registration, and structured growth.

8. Access to Credit Without "Collateral Stress"

One of the most practical parts of the curriculum involves Credit Administration. Participants will learn how to navigate credit systems and access loans by building creditworthiness rather than relying solely on traditional physical collateral.

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9. Powered by WAWU Africa

The technical backbone of this nationwide rollout is WAWU Africa. They are providing the digital platform and infrastructure, making it possible for millions of Nigerians to access training materials and mentorship from anywhere in the country.

10. Implementation of the Aso Accord

This initiative is a direct action point of the Aso Accord on Economic and Financial Inclusion. It’s a move toward building a "human infrastructure"—the ethical and professional foundation required for sustainable growth.

11. Investment Knowledge & Risk Management

Beyond saving, the program teaches investment knowledge and risk management. You will learn how to identify investment opportunities and, more importantly, how to anticipate and avoid digital threats and fraud.