This paper accentuates the important function of stories (legends, myths, folktales, etc.) in educating and disseminating indigenous knowledge in Papua New Guinea. We accentuate and foreground the fact that stories and storytellers (whether traditional or modern) are routes to indigenous knowledge at the same time as they are also storehouses of knowledge and important educative tools in the perpetuation and maintenance of cultural values/traditions. The paper's orbit is Papua New Guinea and we argue that stories are narrated not only for their aesthetic value and enjoyment, but most significantly to impart indigenous knowledge and educate the young so that they uphold and maintain the currency of their cultural ways. We also point out that stories can be effective tools in (modern) education because they deal with human experience, which is considered authentic and credible sources of information and wisdom. In the course of our discussion we introduce the Banoni concept of the Ficus tree as a metaphor for traditional culture, interrelationships/interdependency and indigenous knowledge and its numerous roots representing the various `disciplines' of indigenous knowledge and the various modes of traditional education.