Govt to Introduce New Subject in Primary & Secondary Schools

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All the learners both in Primary and Secondary schools will start learning new subject called Financial Students as part of their curriculum studies .

According to the government, this new learning area aims to improve a saving culture for all the citizens in the country.

As per to the  detailed provided in the National Retirement Benefits Policy , a document that  was prepared by the Treasury, the country  is seeking to enhance compliance with the act of  National Social Security Fund (NSSF)

The document highlights that there is currently low coverage of retirement benefits due to lack of knowledge on financing management.

To see the implementation of the proposal , the Kenya Institute of Curriculum Development (KICD) will take the responsibility of enforcing the changes to the existing curriculum.

The new proposed curriculum or new subject should be finalized in December 2025 according to the plans and introduced in schools.

Among the performance indicators in this new subject will be evidence on enhanced education curriculum to include financial education in basic education.

It will also concentrate on implementation of financial literacy programs for targeted groups.

Why the new Policy has been proposed

Details from the Treasury, indicate  that many Kenyans struggle once they retire from government and private sector jobs Since it is only very few people save towards their retirement.

It was also noted that Kenyans who uptake the retirement benefits are those who are employed in the formal sector with the majority in the informal sector left out.

The CEO Kenya Institute of Curriculum Development Prof Charles Ochieng Ong’ondo

The CEO Kenya Institute of Curriculum Development Prof Charles Ochieng Ong’ondo; Image/File

For this reason ,there is a need for a comprehensive policy that will help in  addressing the various issues and challenges faced in the retirement benefits so as to achieve these plans.

In addition, several Kenyans retire to meet their basic needs for healthcare and housing simply because retirement schemes do not offer benefits for post-retirement medical cover and housing for them.

As a result ,the government is also working on a framework inorder to have Kenyans save towards retirement homes medical cover.

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