Money, Origin, Types and Forms for Primary 1

Class: Primary 1
Term: Third Term
Week: 9
Age: 6 years
Duration: 45 minutes
Subject: Social and Citizenship Studies
Curriculum Theme: Digital Economy and Financial Literacy
Focal competence: Making informed choices about spending and saving
Key competencies/values: Communication; Critical Thinking
Skills:

• Using specimen of money as a means of exchange

Previous Lesson: Wildlife, Conservation and Local Animal Habitats
Topic: Money
Subject Matter: Meaning, origin, types/forms of money

Specific Objectives

By the end of the lesson, pupils should be able to:

Cognitive Domain

• Explain the meaning of money.
• Identify common forms of Nigerian money (notes and coins).
• Discuss the simple origin of money.

Affective Domain

• Appreciate money as a means of exchange.
• Understand the importance of using money responsibly.

Psychomotor Domain

• Handle specimen money to recognise different denominations.
• Participate in simple money-recognition activities.

Reference Materials

The following resources were used in planning this lesson:

• 2025 Revised 9 Years Basic Education Curriculum
• Relevant State Unified Scheme of Work
• Social and Citizenship Studies for Primary 1, Pupil’s Book
• The HeadTeacher Scheme of work

Instructional Materials

The teacher will teach this lesson with the aid of:

• Specimen money (e.g., old notes, photocopies)
• Real Nigerian notes and coins (for demonstration, handled by teacher)
• Relevant pictures of money and items bought with money
• Chart paper for class discussion

Rationale for the Lesson

This lesson is important because it introduces young pupils to a fundamental concept in their daily lives. Understanding money helps them recognise its value and purpose in buying goods and services. It also lays the groundwork for developing responsible financial habits from an early age.

Prerequisite/Previous Knowledge

Pupils can identify different objects and understand the concept of buying and selling simple items.

Lesson Content/Board Summary

Money

Meaning of Money

Money is anything we use to buy things we need, like food, clothes, or toys. We also use money to pay for services, like riding a bus or getting a haircut.

Origin of Money

Long, long ago, people did not use money like we do today. They exchanged goods for other goods. This was called trade by barter. For example, if someone had yams and needed fish, they would give yams to get fish.

Later, people started using special items like cowries (shells), salt, and pieces of metal as money because they were easy to carry and everyone accepted them. Today, we use paper notes and metal coins as money.

Forms of Money

In Nigeria, our money comes in two main forms:

1. Notes (Paper Money): These are made of paper. Examples are N100, N200, N500, and N1000.
2. Coins (Metal Money): These are made of metal. Examples are N1, N2, N5, N10, N20, N50, and N100.

Using Money Responsibly

Having money means you have it in your hand or in your box. Using money responsibly means:

1. Spending it wisely on things you truly need.
2. Saving some money for the future.
3. Not wasting money on unnecessary things.

Teaching Methods/Instructional Techniques

Discussion, Demonstration, Question and Answer, Explanation, Observation, Role-play

Instructional Procedures

Step 1: Introduction

Time: 5 minutes

Teaching Skill: Engaging/Questioning

Teacher’s Activity: The teacher greets the pupils and asks them what they use to buy things from the market or school tuck shop. The teacher then introduces the topic, “Money.”

Pupils’ Activity: Pupils respond by mentioning money or names of items they buy. They listen attentively to the teacher.

Learning Point: Introduction to money

Step 2: Meaning of Money

Time: 7 minutes

Teaching Skill: Explanation/Demonstration

Teacher’s Activity: The teacher displays various items (e.g., a pen, a biscuit, a small toy) and asks how they can get these items. The teacher then explains that money is what we use to buy these things and pay for services.

Pupils’ Activity: Pupils mention buying items. They listen to the explanation and understand the purpose of money.

Learning Point: Purpose of money

Step 3: Origin of Money

Time: 7 minutes

Teaching Skill: Storytelling/Explanation

Teacher’s Activity: The teacher tells a simple story about how people used to exchange goods (barter) before money was invented. The teacher explains that later, people used things like cowries or metal pieces, and now we use notes and coins.

Pupils’ Activity: Pupils listen to the story and ask simple questions about trade by barter.

Learning Point: Simple origin of money

Step 4: Forms of Money (Notes and Coins)

Time: 7 minutes

Teaching Skill: Demonstration/Identification

Teacher’s Activity: The teacher displays real or specimen Nigerian notes and coins. The teacher points out the different denominations and explains that some are paper (notes) and some are metal (coins).

Pupils’ Activity: Pupils observe the money and listen to the teacher’s explanation of notes and coins.

Learning Point: Nigerian notes and coins

Step 5: Identifying Forms of Money

Time: 5 minutes

Teaching Skill: Guided Practice

Teacher’s Activity: The teacher holds up different notes and coins one by one and asks pupils to identify them (e.g., “Is this a note or a coin? What is its value?”).

Pupils’ Activity: Pupils identify the notes and coins shown by the teacher, stating if it’s a note or coin and its value.

Learning Point: Recognising money forms

Step 6: Using Money Responsibly

Time: 5 minutes

Teaching Skill: Discussion/Guidance

Teacher’s Activity: The teacher discusses with pupils the difference between just having money and using it wisely. The teacher explains that responsible use means buying what is needed and saving some.

Pupils’ Activity: Pupils share their ideas on how to use money wisely and listen to the teacher’s guidance.

Learning Point: Responsible money use

Step 7: Evaluation/Review

Time: 5 minutes

Teaching Skill: Questioning/Assessment

Teacher’s Activity: The teacher evaluates the learning by asking the following questions:

1. What is money?
2. Mention two forms of money we use in Nigeria.
3. How did people buy things before money was invented?

Pupils’ Activity: Pupils answer orally and in writing.

Learning Point: Understanding money concepts

Step 8: Note-Taking

Time: 4 minutes

Teaching Skill: Guided Writing

Teacher’s Activity: The teacher guides pupils to copy the essential Board Summary notes on the meaning, origin, and forms of money into their notebooks.

Pupils’ Activity: Pupils copy the notes carefully into their notebooks.

Learning Point: Recording lesson notes

Step 9: Conclusion

Time: 5 minutes

Teaching Skill: Consolidation

Teacher’s Activity: The teacher summarises the main points of the lesson, reminding pupils that money helps us get what we need and that we must use it wisely. The teacher praises pupils for their participation.

Pupils’ Activity: Pupils listen to the summary and respond to the teacher’s concluding remarks.

Learning Point: Money lesson recap

Continuous Assessment/Further Study

Type: Homework

Instruction: Answer the following questions in your notebook:

1. Draw two Nigerian notes and two Nigerian coins you know.
2. Ask your parents what they use money for at home. Write down two things.
3. Why is it good to save some money?

Lesson Keywords

• Money – What we use to buy things and pay for services.
• Barter – Exchanging goods for goods without using money.
• Notes – Paper money.
• Coins – Metal money.
• Responsible – Using money wisely.

Differentiation

For weaker learners: Provide larger, clearer pictures of notes and coins. Focus on identifying just two notes and two coins. Use simple role-play scenarios for buying one item with a specific note.

For faster learners: Encourage them to name more denominations of notes and coins. Ask them to suggest more ways to use money responsibly or to identify the value of a small collection of coins.

Suggested Lesson Videos

Search YouTube for: “Primary 1 meaning of money Nigeria” or “Origin of money for kids”

Teacher Guide for Using This Lesson Plan

Before the lesson, ensure you have a variety of real or specimen Nigerian notes and coins, or clear pictures, ready for display. Begin by engaging pupils with questions about buying things to connect the lesson to their experiences. When discussing the origin of money, keep the explanation of trade by barter very simple and use relatable examples. Guide pupils to identify the different forms of money through observation and simple questions. Emphasise the difference between having and using money responsibly with practical examples. During Step 8, ensure pupils copy the Board Summary accurately into their notebooks. Provide individual support to pupils who struggle with money recognition or understanding the concepts. Encourage faster learners to think critically about saving and spending.