The Central Bank of Nigeria (CBN) has advised secondary school students on strategies for creating wealth and managing money, emphasizing that financial literacy is an essential life skill in today's economy. Officials stated that early financial education enables individuals to make informed economic decisions, highlighting various CBN initiatives aimed at youth.
Financial Literacy No Longer Optional
Speaking at the 2026 Global Money Week event in Abuja, Aisha Isa Olatinwo, Director of the CBN's Consumer Protection and Financial Inclusion Department, noted that understanding money is key to making decisions that affect personal growth, family stability, and national development. She stressed that equipping young people with financial knowledge early helps them navigate economic realities and build long-term stability. Olatinwo also encouraged open discussions about money to dispel misconceptions and build confidence.
CBN Youth-Focused Financial Education Initiatives
The CBN highlighted several initiatives to improve financial awareness among youths, including the Bank Consumer Education Series and the Sabi Money e-learning platform. These programs provide practical knowledge on managing finances and encourage peer learning. Activities planned for this year's campaign aim to instill responsible financial habits, with outreach covering parents, traders, and grassroots communities. Olatinwo urged participants to shift their mindset from spending to investing, treating money as a tool for building wealth over time.
Smart Money Talks Promotes Open Dialogue
Amuwa Nelson, Head of the CBN's Consumer Education and Evaluation Division, described Global Money Week as a global initiative equipping young people with financial skills. This year's theme, Smart Money Talks, encourages open dialogue about finances for better decision-making. The financial literacy fair offers hands-on experience in budgeting, saving, and responsible spending, while exposing participants to financial opportunities. Attendees interact with financial institutions and explore youth-focused products to guide their choices.
The CBN's efforts underscore the importance of financial literacy for Nigeria's youth, aiming to foster a generation of informed and responsible economic participants.
