The Rabaul Urban Local Level Government (LLG) in Rabaul District of East New Britain province is currently in the process of rolling out financial literacy trainings for its 11 wards to equip residents with essential financial management skills to empower them in making informed financial decisions and improving their overall economic well-being.
According to a statement from the District Administration, training for wards 8 and 9 kicked off with a total of 69 participants respectively and was officially opened by acting Deputy District Administrator for Operations, Mr. Petrus Maninga on Wednesday, January 31st in Rabaul town.
In his remarks, Maninga emphasized the importance of financial literacy in building a more economically resilient community.
“We believe that by putting our people first and providing them with the necessary knowledge and tools for financial management, we can contribute to their long-term financial stability and ultimately enhance the economic prosperity of our community,” stated Maninga.
He assured that the Rabaul District Administration will continue to support the Financial Literacy program in the four LLGs of Rabaul Urban, Kombiu, Balanataman and Watom.
“We have to be faithful in the little things in order to prosper in the big things.”
Rabaul Urban LLG Business Development Officer, Alice Guere said the training covers savings and budgeting.
“It is designed to be accessible and relevant to individuals at all levels of financial understanding.”
She further added that there is a total of 325 participants from the 11 wards of Rabaul Urban LLG and that there would be 11 trainings conducted per ward.
Meanwhile, Guere stated that the initiative is part of the ongoing efforts of the Rabaul Urban LLG to promote financial inclusion and empowerment among its residents.
“The training program is expected to have a positive impact on the economic well-being of the community and contribute to its overall development.”