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Financial Intelligence: The Gap in Nigeria’s Educational Curriculum

Ben-Caleb, Egbide and Faboyede, Olusola Samuel and Oyewo, B. (2014) Financial Intelligence: The Gap in Nigeria’s Educational Curriculum. International Journal of Business and General Management (IJBGM), 3 (4). pp. 47-56. ISSN 2319-2267

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The subject of Financial Intelligence (FI) is fundamental for financial freedom, which is in turn pivotal for fulfilment in life. Yet FI is missing from our school curricula from kindergartens to universities. Interestingly, it is what we spend the most part of our lives pursuing. This paper investigates the severity of this gap by examining the academic curriculum of typicalac counting programme of Nigeria Universities, from undergraduate to Ph.D., MBA as well as the syllabus of professional accounting body (ICAN) and compared with the basic financial intelligence curriculum. It was found that a clear and wide gap exist between normal academic curriculum and FI requirement. The implication of this missing link cannot be divorced from why we have so much of unemployment and poverty in the country as an average graduate lack the skill to make, manage and multiply money which is necessary condition for wealth creation to guarantee financial freedom in the medium to long term. The paper recommends the inclusion of FI in the educational syllabi of universities as well as professional bodies as a matter of urgency. This will not only arm the graduates with money management skills, and the potentials to create wealth but will also reduce poverty and ultimately translate into economic development.

Item Type: Article
Subjects: H Social Sciences > HF Commerce > HF5601 Accounting
Divisions: Faculty of Law, Arts and Social Sciences > School of Humanities
Depositing User: Dr Samuel Olusola/S.O. Faboyede
Date Deposited: 31 Mar 2015 09:55
Last Modified: 31 Mar 2015 09:55

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