• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

Digital Financial Literacy, a must for every Nigerian in Post-COVID

Jenrade Lawal by Jenrade Lawal
May 19, 2020
in Business News
Digital Financial Literacy, a must for every Nigerian post Covid-19
Share on FacebookShare on TwitterShare on Linkedin

The importance of digital literacy in the furtherance of Nigeria’s economic growth is a topic that has proven to be extremely paramount especially in these forced changing times.

Truth is, talent training outlets are not in short supply in Nigeria; from Decagon to Learn Factory; there are a number of programmes offering advanced and specialized digital literacy skills in fields like software development, machine learning etc.

As a matter of fact, Nigeria has set a 95% digital literacy target for the next ten years under a Digital Economy Strategy in order to ramp up the contributions of the ICT sector to the Nigerian economy and last year, the sector accounted for 13.8% of the nation’s GDP which is more than the oil and gas sector on which the country has previously been heavily reliant.

MoreStories

Lekki water quality deteriorates despite rising household treatment costs 

Lekki water quality deteriorates despite rising household treatment costs 

December 5, 2025
Netflix,NFL

Netflix acquires Warner Bros studios in $82.7 billion deal 

December 5, 2025

The Lagos State Government since this pandemic collaborated with Microsoft Office to train 18,000 secondary school teachers on digital literacy in order to equip, train, and engage them to deliver on their duties through technology during this lockdown period.

(READ MORE: Digital financial services amid COVID-19)

However, digital financial literacy is a niche that still has not become mainstream as many would assume. For the reason of the evident gap in the country, we have companies like NetPlusDotCom organizing webinars to educate Nigerians on the importance of an inevitable shift to digital payments and financing post-COVID-19.

Digital Financial Literacy, a must for every Nigerian post Covid-19

Unfortunately, there are a few challenges hindering the growth of digital financial literacy in Nigeria, they include:

  • Policy Implementation: Already set regulations geared towards promoting digital literacy are not readily implemented.
  • The regular school curriculum does not reflect a component of digital literacy skills that would be relevant in the future of work.
  • High costs of infrastructures such as the Internet and power is one of the challenges faced in promoting digital financial literacy in Nigeria.
  • There is a digital divide due to the existence of unreached communities who are not aware of the concept of digital literacy.
  • Digital literacy has been termed too difficult to conceptualize resulting in unnecessary complexity for the understanding of the process to a layman.
  • Resistance to Change: The general attitude of people towards change and what digital literacy offers, is a hindrance in promoting digital financial literacy.
  • Skepticism of many unenlightened Nigerians.

(READ MORE: Facebook is building $1 billion high speed internet across Africa)

Proposed Solutions

  • More citizen engagement and awareness of existing and new policies on digital literacy.
  • Investment in research and development by the government and other institutions to help Nigerians be more conversant on international standards as it concerns promoting digital literacy.
  • There should be a collaboration between organizations whose works are centered on digital literacy with schools in actualizing a more robust curriculum.
  • The government should provide tax incentives/ reliefs for telecoms to enable them to reduce the costs of data. Telecoms can also provide ICT parks to allow for access to the internet.
  • On inclusion, collaboration between Government, Multilateral organizations, and civil society groups should be considered to reach underserved communities possibly in the local language so as to avoid the language barrier.
  • To ward off resistance to change, there should be orientation programs on the need and importance of digital literacy using the bottom-top approach of reaching out to grass-root individuals.

 

 


Follow us for Breaking News and Market Intelligence.
Tags: digital literacyFinancial Literacytech roundup
Jenrade Lawal

Jenrade Lawal

Jenrade is a Senior Marketing Analyst at NetPlusDotCom. NetPlusDotCom is a technology and digital payment company, with a mission to provide innovative payment digital solution. The company has a content partnership with Nairametrics. All articles written by Jenrade or NetPlusDotCom are their opinions and do not represent the opinions of Nairametrics.

Related Posts

Investment One drives financial literacy at Finxperience 2.0  
Companies

Investment One drives financial literacy at Finxperience 2.0  

May 29, 2025
FG inaugurates 25-member committee to establish Nigerian Education Data Initiative 
Education

FG trains 270 technical teachers in digital literacy and trade-specific skills in Nigeria 

February 21, 2025
Financial Responsibility 101: Factors That Shape How We Handle Money | Money Maketh Man
Digital Media

Financial Responsibility 101: Factors That Shape How We Handle Money | Money Maketh Man

February 17, 2025
Why The Naira Is Gaining Against The Dollar.
Digital Media

Why Does My Money Feel Smaller Everyday? Understanding Nigerian Inflation

November 30, 2024
Kebbi, Zamfara and Bauchi lead states with most out of school children in Nigeria- SBM
Education

FG to introduce plumbing, digital literacy, others in primary and junior secondary school curriculum in 2025  

October 18, 2024
Investing
Financial Literacy

Why the average Nigerian should consider investing rather than financial trading

March 17, 2024
Next Post
Military located bandits in kankara, Q1 2020 National Debt report, Buhari finally speaks on NDDC probe, urges NA to act with a sense of urgency,National Human Rights Commission,Presidency bows to pressure, agrees to demand made by EndSARS protesters, Our economy is too fragile to bear another round of lockdown-Buhari, Zarbarmari: Massacre by Boko Haram is nothing short of senseless, barbaric, gruesome and cowardly- Buhari

COVID-19: Best and worst case scenarios for the Nigerian economy

Comments 2

  1. Ikechukwu Ugwuanyi says:
    May 19, 2020 at 8:11 am

    Way to go

    Reply
  2. Abiodun Adeyemi says:
    May 21, 2020 at 7:00 pm

    Government should take ICT knowledge serious from elementary school

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

rabafast
uba
tajbank
arco
access bank
nairametrics
first bank






DUNS

Recent News

  • Tinubu constitutes boards for Bank of Agriculture, NADF, and UBEC 
  • Ekiti Airport Probe: Court slams EFCC for incarcerating ex-Procurement DG, awards N5 million damages 
  • Nigerian equities market reclaim N2.4 trillion after November’s N6.5 trillion crash 

Follow us on social media:

Recent News

AAM2025: Tinubu calls for PAPSS payment system embracement across Africa for financial integration 

Tinubu constitutes boards for Bank of Agriculture, NADF, and UBEC 

December 5, 2025
Federal High Court

Ekiti Airport Probe: Court slams EFCC for incarcerating ex-Procurement DG, awards N5 million damages 

December 5, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics