bestman games financial literacy club

Introduction
Achieving financial security ranks as a major source of concern for most Nigerian families. If we want our children to grow up to be financially responsible adults, we must introduce them to the fundamentals of personal finance from an early age. This will give our families a better chance today to achieve a financially secure tomorrow.

The elementary school years, when children are being introduced to mathematics concepts and coming to grips with numbers, are an excellent time to lay a solid foundation in personal financial management.

Sadly, our educational system focuses almost totally on academic subjects and very rarely is any aspect of money management taught in schools. As there is no personal finance instruction in the Nigerian school curriculum and without any knowledge of the basic principles of personal finance, we must be proactive about enlightening both parents and their children by introducing financial concepts, products and services as early as possible.

They should have some understanding and practical experience in spending, saving, banking and investing. This will help them to develop a responsible attitude towards money and give them a solid foundation for making sensible financial decisions in future.

Under the auspices of the brands Bestman Games and “Money Matters with Nimi,” through speaking engagements, television and radio appearances and social media, her book the A – Z of Personal Finance and Hasbro’s world famous Monopoly Board Game, Nimi Akinkugbe regularly provides frank, practical insights to create a greater awareness and understanding of personal finance and security.
Financial Literacy Club
At what age should we introduce our children to money matters?
It is never too early to teach children about money. It is important that they learn to differentiate between wants and needs and the value of saving money. If children are exposed to money matters from a very young age, this helps them to develop healthy money habits from early on and has significant implications for their future financial security.
Advantages of Teaching Financial Literacy to Children?
1. Financial literacy for children is vitally important to help them avoid the common financial pitfalls so many adults experience. The games and other activities created to aid teaching important money skills make learning simple and fun.
2. When children learn about and become comfortable handling money early, they’ll be that much better prepared to step out on their own when the time comes. Obtaining key skills to budget and manage their resources will make it easier for youth to live successful lives. The curriculum takes advantage of the knowledge that children have different learning styles, and many kids learn best by doing.
CLUB DEMOGRAPHICS?
The pilot project is in Lagos State. With about 15,000 schools across Lagos State, and close to 2 million school children, this project will introduce the fundamentals of personal financial management to the next generation with a transformational impact on their financial lives one school at a time.
ADVANTAGES OF INTRODUCING FINANCIAL LITERACY
Financial literacy for children is vitally important to help them avoid the common financial pitfalls so many adults experience. The games and other activities created to aid teaching important money skills make learning simple and fun. When children learn about and become comfortable handling money early, they’ll be that much better prepared to step out on their own when the time comes. Obtaining key skills to budget and manage their resources will make it easier for youth to live successful lives. The curriculum takes advantage of the knowledge that children have different learning styles, and many kids learn best by doing.
CLUB BENEFITS
A fun kids’ passbook to help keep track of savings and expenditures. This helps children save even more. Customized piggy banks for every club member to save towards a set goal at the start of term. Financial Literacy quiz books for the club and board games as part of club kits. Chances to win prizes and special giveaways throughout the program. Career talks with the leading financial institutions. An opportunity for internships in selected organizations. Automatic qualification for local and national Monopoly competitions. A chance to represent Nigeria in the international Monopoly competition hosted by Hasbro.
It is our goal to ensure that every child before they leave school would have enjoyed a year of membership. Members of the Personal Finance clubs will enjoy various activities using games, work books, and other tools. The range of topics to be covered include the following: • Savings and investments
• How to earn and manage money
• Banking
• Principles of borrowing
• Stock market
• Insurance
• Taxation
• Entrepreneurship
• Retirement
• Philanthropy and giving
The importance of board games
Board games have long been celebrated as powerful learning tools that promote face-to-face interaction. They give families and friends an opportunity to connect with each other, foster positive communication, successful stress management and commitment to one another. Board games teach important social skills, such as communicating verbally, sharing, waiting, taking turns, and enjoying interaction with others.
Board games can foster the ability to focus, and lengthen children's attention span by encouraging the completion of an exciting, enjoyable game. Some of the iconic board games of our time including Monopoly and Chess present powerful messages and life skills: your luck can change in an instant — for the better or for the worse.
The messages inherent in board games are: Never give up - Stay focused - it’s not over until its over; if you stay in he game for just a few more oves. estman Games, in collaboration with other stakeholders, seeks to ensure that Nigerian children are financially literate one school at a time. It is our dream for every Nigerian child to be presented with life changing financial knowledge before they step into the world of work or entrepreneurship. Join us to impact lives.
The monopoly board games
Monopoly makes it easy to learn about money when teaching; the interactive approach of board games improves retention rates while making the process enjoyable for students and teachers alike. In the game, children handle cash and make crucial money decisions making it avaluable educational tool. Practical examples help children easily comprehend and remember the lessons. This game gives students a glimpse into their financial future, providing hands-on experience in making the financial decisions that they will face as adults.
Costs
In the next one year, we want to introduce financial literacy to 20,000 students. The cost for a child is 15,000

Cost of sponsorship:
• 500 students 7.5 million
• 1,000 students 15 million

COST Club Kit for members/club
• Board Games
• Financial Literacy Quiz Books
• Book-Keeping manuals
• Piggy Banks
• Instructors stipend
Tournaments
Annual Monopoly Tournaments
Bestman Games along with the Lagos State Sports Commission will host an interschool Monopoly tournament each year:

1. City of Lagos U17 Inter-school Monopoly Tournament for High School students.
2. City of Lagos Monopoly Open Tournament
Inter-School Monopoly Tournaments
Tournaments offer a competitive opportunity through which children thrive. They provide an avenue to showcase the most skillful Monopoly board game players from public and private schools at local, state and national level.
Lagos Teachers Monopoly Tournaments
Bestman Games hosted the Lagos Teachers Monopoly Tournament at Corona School, Gbagada Lagos, in celebration of Nigerian teachers for their dedication, commitment and sacrifice in developing the next generation on the World Teachers Day, 2017.

The Lagos Monopoly Teachers Tournament, provided practical insights and created a greater awareness and understanding of personal finance and financial literacy amongst our teachers, to empower them regarding their own personal finances.