The Centre for Excellence in Financial Inclusion (CEFI) successfully conducted a week-long Financial Literacy Training for lecturers at IBS University (IBSU) from 11th to 15th August.
The training, held in partnership with IBSU, aimed to enhance lecturers’ capacity to impart vital financial management skills to their students.
Mr Peter Samuel, Acting Executive Director of CEFI, in his keynote address acknowledged the efforts of both institutions in driving the programme.
He said the training reinforced the importance of practical financial education.
“This training is not only about concepts but about changing mindsets,” he explained. He highlighted the cultural and social pressures that often hinder long-term financial planning, urging participants to encourage students to adopt sustainable money management practices.
Mr Samuel added that the collaboration between CEFI and IBSU would pave the way for future partnerships with financial institutions to integrate real world financial products into education.
He concluded by commending the lecturers for their humility and commitment, describing it as “a testament to the growth of this institution and its mission.”
Professor Ramachandran, Vice-Chancellor of IBSU, in his opening remarks emphasized the importance of the initiative as part of a broader memorandum of understanding between CEFI and the university.
He said the training was important in preparing educators to understand their students’ diverse mindsets and to instill financial responsibility in future graduates. “If we do not promote financial literacy, households will continue to face poor financial planning. It is our duty to support CEFI and bring this knowledge to the community,” he noted.
Representing the female lecturers Dr Glory Sujitha Antony commended the collaboration between IBSU and CEFI, describing the training as “very effective, informative, and knowledgeable.”
She noted that participants had not only gained new knowledge but also embraced practical lessons they could apply in their personal and professional lives.
Mr Wasa Walu, who spoke on behalf of the male lecturers, stressed the importance of financial education, stating that “whatever the degree of qualification you possess, financial literacy is very important.”
He added that the programme had changed the way lecturers would approach financial awareness in their teaching.
Ends.
Image caption: Lecturers from IBS University participated in a week-long Financial Literacy Training facilitated by CEFI from 11–15 August, enhancing their capacity to deliver essential financial management skills to students.
