Home » News » Manage, save, invest your money – Minister advices public servants
The Minister of Finance, Budget and National Planning, Hajiya Zainab Ahmed, has urged Public servant to manage, save and invest their money in order to avoid financial crisis.
The Minister stated this in a statement signed by the ministry’s Director of Information/Press, Phil Abiamuwe-Mowete.
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According to the Minister, lack of money management skills is driving many into poverty despite what they make on a regular basis as salaries and allowances.
The statement said the finance minister was represented by the Ministry’s Permanent Secretary, Aliyu Ahmed at the flag off ceremony of Service-Wide Financial Literacy in the Work Place programme on Financial Inclusion in Abuja.
The statement reads, “The Ministry of Finance, Budget and National Planning, Mrs Zainab Ahmed, has declared that lack of primary skills on how to manage , save and invest money was one of the reasons why public employees experience financial troubles as most public servants do not cultivate effective saving habit rather they spend more than what they earn.”
The minister said there was a programme for ministries, departments and agencies involving financial literacy training for 12, 000 government employees by December 2022.
The Permanent Secretary, Special Duties, Shehu Shinkafi, said in his opening address that most employees in the public sector earned to consume largely due to a lack of financial literacy.
