Nigeria flag

2023 Nigeria Global Money Week

GMW NATIONAL COORDINATOR:

  • Central Bank of Nigeria 

PARTICIPATING ORGANISATIONS:

  • JUNIOR ACHIEVEMENT NIGERIA (JAN); BANKERS' COMMITTEE; BANKERS' COMMITTEE ON FINANCIAL LITERACY; PUBLIC ENLIGHTENMENT; NIGERIAN EXCHANGE GROUP; THE SECURITIES AND EXCHANGE COMMISSION; NIGERIAN COMMUNICATIONS COMMISSION

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

  • 71

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

  • 49808

NUMBER OF ADULTS REACHED DIRECTLY:

  • 227

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 5 000 000

Throughout Global Money Week 2023, the Central Bank of Nigeria along with partners, such as the Junior Achievement Nigeria and various banks reached 49,808 children and youth directly through several activities such as the Global Money Week Walk and Rally and the Financial Literacy Fair. Financial literacy awareness sessions were offered to children, youth and even adults during visits to the Central Bank of Nigeria or the Nigerian Stock Exchange. High-level discussions, seminars and other educational sessions were organised throughout the country via the School Mentoring Programme for schools in rural and remote areas. Throughout the Week, young people were engaged online via instagram, Facebook and Twitter. Furthermore, this year students had the opportunity of participating in a virtual essay competition which was held across the country, with the theme, 'Plan your money, Plant your future.' Students were invited to research on this theme and write high quality essays.

2022 Nigeria Global Money Week

GMW NATIONAL COORDINATOR:

  • Central Bank of Nigeria (CBN), Banker's Committee Sub- Committee of the Financial Literacy and Public Enlightenment (FLPE)

PARTICIPATING ORGANISATIONS:

  • Nigeria Deposit Insurance Corporation (NDIC), Junior Achievement Nigeria, schools, others

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

  • 350

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

  • 41,445

NUMBER OF ADULTS REACHED DIRECTLY:

  • 40

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • Not reported

To celebrate Global Money Week 2022, the Central Bank of Nigeria collaborated with the Bankers Committee Sub-Committee on Financial Literacy and Public Enlightenment (FLPE) and other stakeholders to reach out to students in various public schools across the 36 states of the federation and the Federal Capital Territory (FCT) to conduct the School Mentoring Programme amongst others.

The Deputy Governor, Financial System Stability flagged off the campaign week and admonished students to learn about money matters from an early age and always think about the future when making financial decisions.

The Central Bank of Nigeria reached out to eight schools while the Banker’s Committee engaged 339 schools across the six zones using the School Mentoring Curriculum developed by Junior Achievement Nigeria (JAN) for the Bankers Committee Sub-Committee on Financial Literacy and Public Enlightenment (FLPE). A total of 41,445 students were impacted by the programme.

2021 Nigeria Global Money Week

GMW NATIONAL COORDINATOR:

  • Central Bank of Nigeria

PARTICIPATING ORGANISATIONS:

  • Nigeria Stock Exchange Limited, Lapo Microfinance Bank, Access Bank, Coronation Merchant Bank, Ecobank, FBN Quest, First City Monument Bank, Fidelity Bank, First Securities Discount House, Globus Bank, Guaranty Trust Bank, Heritage Bank, Jaiz Bank, Keystone Bank, Nova Merchant Bank, Polaris Bank, Rand Merchant Bank, Stanbic IBTC, Standard Chartered Bank, Sterling Bank, Suntrust Bank, Titan Trust Bank, Union Bank, Wema Bank, Zenith Bank, Shared -Agent Network Expansion Facilities, Junior Achievement Nigeria (JAN), Entrepreneurial Development Initiative (ENDIP), Afrothem Nigeria Limited; Budget Gift Centre Limited; Bradat Limited; The Rest Place, Church Of God Mission International; Rainsource Nigeria Limited; Okoro & Company W/A Limited; CGMI Group Of Schools, WOJI

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

  • 46

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

  • 42,448

NUMBER OF ADULTS REACHED DIRECTLY:

  • 40

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 35

The Central Bank of Nigeria (CBN) in collaboration with the Bankers’ Committee Sub-Committee on Financial Literacy Enlightenment (FLPE) and Junior Achievement of Nigeria (JAN) engaged a total of 37,567 secondary school students and youth across the country in Financial Literacy School Mentoring sessions as part of GMW2021. These interactive digital and in-person lessons were facilitated by experts from financial institutions and aimed at promoting financial well-being. A virtual field trip to the CBN Currency Museum was organised during the Week while Doodle animation was used to teach financial literacy for the students across some states in Nigeria.

Throughout the Week, youth between the ages of 18-35 were engaged through a social media challenge around the theme of GMW2021 “Take care of yourself, take care of your money.” Numerous short videos and creative pictures were produced around the topic and shared online. A total number of 2,258 submitted entries were received. The top ten participants were selected based on the prescribed criteria and requirements.

JAN developed the school mentoring curriculum, which was used by the Chief Executive Officers of banks to educate the secondary school students in line with the GMW slogan “Learn.Save.Earn”. JAN leveraged on various media platforms to launch financial literacy campaigns for children, youth and for adults on financial management and equip them with the skills required to make sound financial decisions.

29 financial institutions namely Access Bank, Coronation Merchant Bank, Ecobank, FBN Quest, First City Monument Bank, Fidelity Bank, First Securities Discount House, Globus Bank, Guaranty Trust Bank, Heritage Bank, Jaiz Bank, Keystone Bank, Nova Merchant Bank, Polaris Bank, Rand Merchant Bank, Stanbic IBTC, Standard Chartered Bank, Sterling Bank, Suntrust Bank, Titan Trust Bank, Union Bank, Wema Bank Zenith Bank and Shared - Agent Network Expansion Facilities participated in Financial Literacy Day School and Mentoring programme during Global Money Week. A total number of 449 schools were visited from which a total of 37,366 students comprised of 17,853 males and 19,513 females. During the exercise, students were taught on budgeting, saving and on how to be financially responsible.

LAPO Micro finance Bank deployed a two-pronged communication approach to celebrate GMW2021. The internal communication approach covered daily deployment of money management email nuggets to over 7,000 staff, opening of the GMW campaign on WhatsApp, creating branded and customised GMW T-Shirts and caps. Whereas, the external communication approach covered an in-person sensitisation campaign for secondary school students across six geopolitical zones, including the Federal Capital Territory. Daily deployment of money management, wealth creation and health tips through Lapo MFB digital and social media handles on Instagram, Facebook, Twitter and LinkedIn were shared. All these gathered 1,087,452 views. Webinars, sponsored online and offline newspaper publications all generated 79,000 views. A total number of 4,689 youth were reached across 21 secondary schools.

The Nigerian Stock Exchange celebrated Global Money Week 2021 by holding a virtual financial literacy session on Zoom. The session was attended by the staff and students of International School Lekki. A total number of 82 students participated in the session.

During Global Money Week 2021, the Entrepreneurial Development Initiative (ENDIP) along with partners reached 110 children and youth through several digital and in-person activities. In 2021, financial literacy awareness debates and sessions were offered for children, youth and for adults, mostly through digital means. Secondary schools students were engaged in these and other educational lessons.

2019 Nigeria Global Money Week

LEADING ORGANISATIONS:

  • AIESEC Nigeria
  • Be Better Foundation
  • Central Bank of Nigeria (CBN)
  • Eadda Kids Enterprises
  • Household Impact Network
  • Jether Consulting
  • Linking the Youth of Nigeria through Exchange (Lynx Nigeria)
  • Project Biz Masterminds Ltd

PARTICIPATING ORGANISATIONS:

  • 10 Micro Finance Banks, 12 Media Organisations, 22 Deposit Money Banks, 4 Insurance Companies, 5 Banks, 585 Schools, 6 Financial Institutions, 7 AIESEC Chapters, AbiHealth Care, Anthony Village Senior High School, Lagos., Association For Peace Building and Leadership Training (PEACE CLUB), Plateau State, Bankys School, Apo, Abuja, Beautiful Heart Netwrok, Creative Learning International School, Apo, Abuja, Duetsche Gessellschaft fur Internationale Zusammenarbeit (GIZ), Enhancing Financial Innovation Access (EFInA), Fund Managers Association of Nigeria, Girls2women Initiatives, Heroes Nation, Junior Achievement Nigeria (JAN), K&B Schools, Lagos., Kiddiesdriod, Kidprenuer Africa, Kids Lounge, Leadinglight Teenagers Netwrok, Learning Impact NG, Nigeria, Life Skills Experts, Mercy Corps, Mireju International., National Cooperative Financing Agency of Nigeria (CFAN), National Pension Commission (PENCOM), New Life Humanitarian Agency (NGO), Nigeria Deposit Insurance Cooperation (NDIC), Nigeria Info 95.1 FM Radio Abuja, Nigeria Postal Service, Nigeria Social Insurance Trust Fund (NSITF), Nigeria Stock Exchange (NSE), Nigerian Communications Commission (NCC), Nigerian Insurers Association, Nigerian Interbank Settlement Systems (NIBSS), Securities & Exchange Commission's Technical Committee on Financial Literacy, Securities and Exchange Commission (SEC), State Senior High School, Alimosho, Lagos.

NUMBER OF CHILDREN REACHED DIRECTLY:

  • 67 139

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 167 920

Central Bank of Nigeria (CBN)
In celebration of GMW, the Central Bank of Nigeria, together with its partner stakeholders and volunteer organisations, conducted School Mentoring Programs in over 500 schools across the country. The Programme allowed for over 72,000 students to learn about “Learn. Save. Earn”. During the events, a road walk was organised, in which 6 schools and 3 NGOs participated. During the walk educational materials were distributed and Financial Literacy talks were given to the public. Financial literacy sessions were organised in the head quarters of the Bank, to educate students on financial products and services. Throughout the Week, visits to the Money Museum were organised, where the historic evolution and importance of the legal tender, and saving culture was discussed. Other activities included radio talk shows and visits to the Nigerian Stock Exchange.

Linking the Youth of Nigeria through Exchange (Lynx Nigeria)
Throughout GMW2019, a group of out of school youth, called Association for Peace Building and Leadership Training, engaged themselves in the cleaning of the community, with support of the community members. The activity was coordinated by Lynx Nigeria.

Be Better Foundation
Be Better Foundation organised workshops at two primary schools. During the workshops, the children were taught from the story book “My Fun Finance”, which focuses on investing and managing the risks of investing through diversification. Furthermore, the Fun Finance Board Game was played, which reinforced the lessons learnt in the story book. The teachers received a 1-hour seminar on “Managing Your Financial Future”. The Foundation was featured on the local radio station to promote the GMW celebrations and answer the audience’s questions. Every day during the Week, an educational video was published online, in collaboration with the Securities & Exchange Commission.

Eadda Kids Enterprises
For GMW2019, Eadda Kids Enterprises, in collaboration with Household Impact and Kidpreneur, Africa hosted various competitions. Throughout Global Money Week 2019, Eadda Kids Enterprises tweeted about various financial literacy topics.

Household Impact Network
During GMW2019, Household Impact Network reached out to children and youth, through their games hangout. Throughout the Week, the organisation used games, like Monopoly, to teach financial education. During the gaming session, a talk show was conducted on money with parents. Additionally, different contests for different categories were held, including a draw and paint competition children between age 5-7 on the topic “My Dream Bank”. Another contest entailed the making of a one-minute video on “How You Make Negotiations and Payment While Shopping” for the children between the age 8-12. The same contest was also held for teenagers, on the topic “If I Were An Entrepreneur, Which Business I Would Own?”.

Project Biz Masterminds Ltd
During GMW2019, students from a polytechnic had the opportunity to learn about the Global Money Week Campaign. Additionally, Project Biz Masterminds launched their first quarterly e-newsletter, “GirlHealth + FinHealth 360°”, with the theme Health is Wealth. Furthermore, they launched their first 2D animation series on financial literacy, titled “Money Adventure in Nairaville with Mimi”.

AIESEC Nigeria
AIESEC Nigeria, together with its partners, reached 10,000 children and youth during GMW2019. The activities organised included visits to the stock exchange, secondary schools, rallies, financial literacy events, and media interviews. The financial literacy awareness sessions offered to children youth and adults included sessions on insurance, plans for retirement, how to save, and investment. Throughout the Week, young people were able to engage themselves in GMW2019 break-out sessions regarding different areas of the financial world. Children and youth had the opportunity to attend the event with high-level representatives from stock exchanges, banks, and insurance companies. All attendees were given certificates.

Jether Consulting
During GMW 2019, Jether Consulting introduced the concept of money management to children in local schools. This was done by organising workshops, visits to banks, and visits to the Nigerian Stock Exchange, where the students participated in the “Ring Around the World” initiative. During the bank visits, parents were invited to open savings accounts for their children. Other activities included a financial literacy rally for teenagers, where students learnt about money matters, including savings and investment options.

2018 Nigeria Global Money Week

LEADING ORGANISATIONS:

  • AIESEC Nigeria
  • Be Better Foundation
  • Central Bank of Nigeria
  • Financial Literacy Community Development Service Group
  • Junior Achievement Nigeria
  • Linking the Youth of Nigeria through Exchange (LYNX-Nigeria)
  • Norwegian International School, Port Harcour Nigeria
  • Project Biz Mastermind Ltd

PARTICIPATING ORGANISATIONS:

  • Access Bank, Aflatoun International, AIESEC, Bayero University Kano (BUK), Citibank, Coronation Merchant Bank, Diamond Bank, Eco Bank, FBN Merchant Bank, FCMB, Federal Ministry of Youth and Sports Development, Fidelity Bank, First Bank Nigeria Ltd, First City Monument Bank, Nsukka, FSDH Merchant Bank, Future Leaders Academy, Guaranty Trust Bank, Heritage Bank, Jaiz Bank, Keystone Bank, Kiss FM, Kwara TV, Learning Impact Model Ltd, Midland FM 99.0, Ministry of Education, National Insurance Commission (NAICOM), National Peer Group Educator Programme on Financial Inclusion, National Youth Service Corps, Nigerian Deposit Insurance Commission (NDIC), Nigerian Exchange Commission (NSE), Nova Merchant Bank, Peace Project Club, Providus Bank, Rand Merchant Bank, Royal Family Academy, SAGE, Securities and Exchange Commission (SEC), Skye Bank, Stanbic IBTC Bank, Standard Chartered Bank, Sterling Bank, Suntrust Bank, Tuyil Pharmaceutical Industry, Union Bank, United Bank for Africa, Unity Bank, Wema Bank, Zenith Bank, 10 AIESEC local branches, 1155 schools

NUMBER OF CHILDREN REACHED DIRECTLY:

  • 83 557

NUMBER OF CHILDREN REACHED INDIRECTLY:

  • 215 203

Central Bank of Nigeria
During GMW2018, the Central Bank of Nigeria implemented a school-mentoring programme in schools nationwide, to create awareness for saving, financial discipline and entrepreneurship. During the week, financial literacy initiatives were organised for youths and adults, including school excursions to the Nigerian Stock Exchange (NSE), NSE Adopt-A-School initiative, and school outreach programs. The Exchange joined the “Ring Around the World” initiative, raising awareness on the importance of financial literacy.

Financial Literacy Community Development Service Group
Financial Literacy Community Development Service Group coordinated GMW activities and events in Ilorin. Radio and TV interviews on financial literacy were broadcasted, high-level discussion and panels were setup to increase awareness on good saving habits and child financial rights, and a “Money Matters Matter” seminar was organised. Young people participated in a workshop session on how to identify counterfeit currencies and how to use banking facilities. Students got a tour through First Bank of Nigeria and got insight into the daily bank operations and its different departments. To incentivize the children to save, saving accounts and saving boxes were distributed, enabling them to make deposits.

Linking the Youth of Nigeria through Exchange (LYNX-Nigeria)
During GMW2018, Lynx Nigeria organised visits to the Central Bank where children were taught about money and the role of the bank. Furthermore, the United Bank for Africa celebrated the opening of saving bank account for youth, in order to encourage saving habit among school dropouts. The students also participated in the Aflatoun Global Skype call with youth in the Netherlands, where they shared what they had learnt from the Aflateen curriculum.

Project Biz Mastermind Ltd
Throughout GMW2018, Project Biz Masterminds Ltd engaged people on money matters via polls and daily inspirational quotes on Facebook.

Junior Achievement Nigeria
JAN executed Financial Literacy Day (FLD), writing a curriculum for banks. This year, bank executives taught FLD curriculum in schools on the theme “Money Matters Matter”, to teach children and young people on money matters, becoming empowered economic citizens, understanding the importance of saving, and to create their own livelihoods, thus reducing the global poverty rate. Students were invited to the Nigerian Stock Exchange (NSE), where they were led around different departments, before ringing the closing bell, which was aired on CNBC Africa. To close the week, the Executive Director of JAN appeared on Channels TV, with a representative of the Bankers Committee of CBN, to discuss GMW2018 and its impact on society.

Be Better Foundation
Be Better Foundation conducted multiple events for GMW2018. First, a workshop series for elementary schools, which was delivered via a Fun Finance Story Book and Fun Finance Board Game. It was attended by representatives from different banks and the Securities and Exchange Commission. The children had the opportunity to ask questions on financial planning. The children were given a take-home assignment, which they completed with their parents. The second event organised, a media campaign, was attended by 15 journalists. Multiple articles were published to support GMW. Finally, an outreach programme was organised, where the Foundation visited schools, to facilitate book readings and seminars. The Foundation plans to continue to engage the stakeholders and the community throughout the year, to continue to provide education.

AIESEC Nigeria
During GMW 2018, Financial Literacy Awareness sessions were offered for children and youths, covering topics, such as needs, wants, budgeting, banking, and stocks. High-level discussions were organised in partnership with Nigerian Stock Exchange on financial literacy. Furthermore, a radio talk show was organised, discussing financial literacy. Youths were invited to attend a workshop on banking and stocks, where they learnt about investment options.

Norwegian International School, Port Harcour Nigeria
During GMW2018, a financial literacy seminar was organised for both students and teachers. Furthermore, a savings challenge was organised and an NIS open market, where children were given the opportunity to make and sell their own products.

2017 Nigeria Global Money Week

LEADING ORGANISATION:

PARTICIPATING ORGANISATIONS:

NUMBER OF CHILDREN REACHED DIRECTLY:

  • 88 625

NUMBER OF CHILDREN REACHED INDIRECTLY:

  • 730 286

Throughout the Global Money Week 2017, the Central Bank of Nigeria, along with partners, reached Nigerian children and youth through plenty of exciting and interesting events. In addition to the various activities, the Bank implemented the following celebration activities: Global Money Walk on March 27th, Financial Literacy Essay Competition/Art Exhibition on March 28th and the School Reach Out Programme on March 30th. The high point of the celebrations was the implementation of the School Mentoring and Reach-Out Programme in various schools across the country. The Bank also collaborated with the Bankers’ Committee Sub-committee on Financial Literacy and Enlightenment to implement the school mentoring programme in 579 public secondary schools across the 36 states of Nigeria. A total of 77,752 students were directly impacted whilst 721,806 people were indirectly impacted through the School Mentoring Initiative. An arrangement was made to encourage the students to save through the child and youth friendly savings accounts, which will be opened to enable them to deposit their savings during the World Saving Day Celebrations, October 31st, 2017.

Furthermore, AIESEC Nigeria partnered with over 20 organisations and made a big impact on financial awareness among the children and youth across 6 states in Nigeria during GMW 2017. AIESEC organised visits to the CBN Money Museum to avail young people with insights into money. Financial literacy awareness sessions were offered for children and youth through social media, radio talks and visits to schools. AIESEC also supported a high-level discussion with the Nigeria Stock Exchange at the exchange floor for young secondary students. In their representing chapters in Nigeria, AIESEC also organised sessions, seminars, and other educational sessions for young secondary school and university students in partnership with financial institutions and other organisations. Additionally, young university students had the opportunity to partake in a business simulation to experience a virtual scenario of running a real-life business, while young children had the chance to become inspired by art skills acquisition to help them achieve their professional dreams. At the close of the week, AIESEC organised a social media engagement with quotes on financial matters that drew opinions and comments from young people.

Additionally, Linking the Youth of Nigeria through Exchange (LYNX) engaged 120 out-of-school youngsters in a Youth Talk at their office in Jos, during which the youth shared their success stories on how they started their businesses with little savings. The celebration continued with a visit to the Highland Micro Finance Bank at Bukuru Jos, Plateau State, where the bank’s top management teams hosted the youth and walked them through day-to-day banking operations. The youth were also engaged in an interactive session on banking products and services. At Ogor Community School in Enugu State, a financial literacy awareness session was held at the school assembly ground for children in all classes. To close the Week, representatives of United Bank for Africa PLC. Jos Branch conducted a youth talk session on the GMW 2017 theme: Learn. Earn. Save

Throughout Week, Elpeso International, alongside partners, also reached Nigerian children and youth through visits to schools and youth organisations, video sessions on saving money and resources, budgeting, a Smart Savers 6Rs activity and financial fairs. High-level discussions, seminars and other educational sessions were organised for the children at the Central Bank headquarter in Abuja where the CBN Governor addressed the participants. Many fun and interesting activities took place, such as essay competitions on savings and dance-drama on savings. Throughout the Week, young people engaged themselves at the Money Museum Gallery exhibitions to explore the history of money, the various currencies of the world, the features of the Nigerian currency and how to identify counterfeit notes. Furthermore, during an online show organised by Elpeso, the Managing Director of Sapphire Scent talked to young people about the benefits and challenges of entrepreneurship.

Financial Literacy For All, along with its partner organisations, celebrated GMW 2017 through a financial literacy seminar at Corona Secondary School and Vocational Center for the Blind, a radio interview on youth entrepreneurship, advocacy tweets on social media, distribution of “ant banks” and financial education books to students and teachers in Baptist Academy, Obanikoro, Lagos, as well as financial literacy games for young entrepreneurs. Furthermore, the Central Bank of Nigeria distributed the book “101 Ways to Save in Nigeria”, authored by Financial Literacy for All, to all GMW participants.

Child Development and Concern foundation (CDCF) also participated in the GMW 2017 celebrations via its Child Development Finance Clubs in 16 adopted schools. In addition to money quizzes, the children in these schools were further educated on how to manage their savings, and all of the 350 Club members received ant banks while 200 of them opened bank accounts.

2016 Nigeria Global Money Week

LEADING ORGANISATIONS:

  • Central Bank of Nigeria (CBN)
  • Banker’s Committee

PARTICIPANTS:

  • Lynx Nigeria, Junior Achievement (JA) Nigeria, Aegis Empowerment Initiative(AEI), GIZ Nigeria, SAGE Nigeria, High World International, Network of Young Female Leaders of ECOWAS, Africa for Millennium Change Initiative (AFMCI), Financial Literacy for All, Child Development and Concern Foundation (CDCF), Eadda Kids Enterprises, Entrepreneurial Development Initiative (ENDIP) Consulting, Nigeria Stock Exchange (NSE), Ajapaworld Company

DATE OF THE EVENT:

  • 14th - 20th of March

TOTAL NUMBER OF CHILDREN AND YOUTH ENGAGED:

  • 74 465

TOTAL INDIRECT REACHED:

  • 87 000

The Central Bank of Nigeria and the Bankers’ Committee led the 2016 Global Money Week (GMW) celebrations in Nigeria. The Committee, which is made up of representatives from the Central Bank of Nigeria (CBN), Deposit Money Banks (DMBs) and Discount Houses, coordinated GMW activities across the country alongside various other organisations. The week-long celebrations in Nigeria commenced with a huge youth-led Financial Literacy Road Show in Abuja, aimed at fostering a savings culture among the general public. The heads of various financial institutions in Nigeria visited schools in the country to deliver financial education to primary and secondary students. The visits were part of a School Adoption initiative coordinated by the Banker’s Committee.

Commercial Banks and Microfinance Institutions (MFI’s) in the country also opened their doors to students, who visited banking halls for job-shadowing and to observe the day-to-day banking activities. The CBN organised a Child and Youth Finance Exhibition in Abuja as part of the Week’s activities.

NGOs, civil societies and some of Nigeria’s development partners also joined in this year’s GMW celebrations to expand the country’s financial education outreach across several states. The German Development Cooperation (GIZ) and its affiliate microfinance institutions organised workshops on financial education, employment, job shadowing, savings campaigns and school bank initiatives in four states.

The SAGE Nigeria team, made up of primary and secondary school students, received a tour of the CBN Money Museum. Aegis Empowerment Initiative (AEI) held an interactive financial education session with students from BEMA Home School and launched a savings initiative in the school.

Financial Literacy for All (FLFA) held special financial education workshops for the blind in Lagos. The organisation also donated some financial education materials in braille to their local school for the blind.

Eadda Kids Enterprise undertook a number of social media campaigns on savings. Ajapaworld marked their GMW celebrations with a special episode of ‘Ajapa’- the witty tortoise programme - on national television. The Ajapaworld team also held debates and financial literacy challenges for young people.

Child and Development Foundation and personnel of First National Bank Nigeria visited 16 primary and secondary schools in the Ibadan and Oyo states during GMW, to promote savings habit in students. In each of the schools youngsters staged drama sessions which highlighted the importance of savings.

JA Nigeria also partnered with CBN to organised interactive sessions on financial systems for young people.

2015 Nigeria Global Money Week

PARTICIPANTS:

  • Central Bank of Nigeria
  • Nigeria Stock Exchange
  • Junior Achievement Nigeria
  • Lynx Nigeria
  • Eadda Kids
  • Financial Literacy for All
  • Aegis Empowerment Initiative
  • SAGE Nigeria

DATE OF THE EVENT:

  • 9th - 17th of March

NUMBER OF CHILDREN REACHED:

  • 3 500

The Central Bank of Nigeria (CBN) led the 2015 Global Money Week activities in Nigeria. The week was marked by a number exciting activities aiming to promote financial inclusion, economic citizenship, education and entrepreneurship for young people. Global Money Week Nigeria started with a GMW Walk in Abuja branded as “Global Walk4Money.” This event brought together various stakeholders to march on the street of Abuja and create awareness for children and youth financial inclusion and education. The Central Bank engaged various media outlets in public financial literacy outreach programs.

Collaborating institutions in Global Money Week 2015 included the Nigeria Stock Exchange, Junior Achievement Nigeria, Lynx Nigeria, Eadda Kids, Financial Literacy for All, Aegis Empowerment Initiative and SAGE Nigeria. The Nigerian Stock Exchange celebrated the Week by hosting a series of educational programs aimed at engaging young people in knowledge sharing on how money works, saving, investing, creating livelihood, gaining employment and entrepreneurship. Other activities for the week included a ceremonial bell ringing event at the Nigerian Stock Exchange offices for the commencement of trading and a youth interactive session with the its CEO. The Stock Exchange officials also visited schools and had interactive sessions with students.

Junior Achievement Nigeria launched various school outreach programs to give financial literacy and entrepreneurship lessons to students in primary and secondary schools. JA Nigeria organised bank visits for students. Eadda Kids were on air on various radio stations in the country to talk about savings and the need to raise money. The organisation also took to social media platforms such as Twitter and Facebook to answer question on child and youth financial inclusion, savings and financial education in schools.

SAGE Nigeria organised a public exhibition to showcase various innovative products and services in the Nigerian financial sector developed to empower children and youth in Nigeria. The Governor of the Central Bank of Nigeria officially opened the exhibition. SAGE Nigeria also organised a business competition for students to mark the Week. Students from Garki Junor Secondary School emerged as winners and were given a start off grant of N200, 000 cash prize and in the process making them the 2015 Financial Literacy Ambassadors.

In Lagos Financial Literacy for All (Teach Children to Save) was at Pascelli School for the Blind to organise a financial literacy a programme. The organisation also donated financial literacy books in braille to the students. Financial Literacy for All also visited the Wesley School for the Hearing Impaired to talk to them about money and savings.

2014 Nigeria Global Money Week

PARTICIPANTS:

DATE OF THE EVENT:

  • 26th February - 16th of March

NUMBER OF CHILDREN REACHED:

  • 38 902

PRESS:

The Central Bank of Nigeria held a gigantic Financial Literacy Road Show. Brightly dressed school students walked several kilometers alongside staff members of the Consumer Protection Development Unit and SAGE in order to create public awareness about Global Money Week. There was also a Financial Literacy Exhibition where several banks participated and showcased their banking products to the youth. A financial mentoring and out-reach programme was held across the country. To wrap up the celebrations bank staff paid a visit to Daughters of Abraham Foundation, a center where former sex workers and abused young women are rehabilitated and trained on various entrepreneurial and livelihood skills.

The week was also jam-packed with fun Access Bank-led activities such as “The Day at the Exchange” where the Nigerian Stock Exchange (NSE) invited 150 students who were given a tour and a talk at the exchange, a student was then selected to ring the bell. Also, there was a workshop for 100 students, parents and 20 teachers on the role that they and the bank play in ensuring children are raised to be financially confident and responsible; and the Bank-to-School initiative that promoted the financial inclusion and literacy of children and youth.

The Youth & School Banking Team of Diamond Bank Plc put together a series of activities such as a school financial mentoring and outreach programme, Bank Open Days where branches were made child and youth friendly to encourage the youngsters to visit, ask questions and open savings accounts.

Kids in 4 SOS villages in Nigeria participated in debates, drama, creative arts (making of piggy banks, posters, and art), playing financial games like Monopoly in order to promote a saving culture among children and young adults and for them to master the art of prioritizing. There was a drama on the importance of savings at one of the school’s assembly. After the drama, the principal congratulated a student who had saved up to pay his school fees. A debate was organised on the topic “Saving in the bank is better than saving at home”.

Aegis Empowerment Initiative (AEI) organised a summit for secondary schools students by students on the following topics: entrepreneurial development and sustained livelihood, the role of e-banking in promoting financial inclusion and importance of the Mutual Fund. Aegis also organised a Career Day for students in a junior high school where they expressed what they want to be in future. They were counseled by their team of experts drawn from the financial, medical, engineering and creative professions. The highpoint of the summit was the Student’s Dialogue on the topic “What do Children and Youths want for their Future?” They held a discussion on financial inclusion, DreamsBank, education, modern infrastructure, insecurity, unemployment and so on.

Eadda Kids Enterprises and Pink Lemon Enterprises visited schools and the Love Home Orphanage to teach how to save through playing financial games and making piggybanks from recycled materials.. Gbonjubola Sanni, a pioneer in financial education in Nigeria also collaborated with these two organisations sending out daily tweets and posting on social media to create awareness.

Entrepreneurial Development Initiative (ENDIP) Consulting celebrated Global Money Week on the 12th and 13th March in Port Harcourt with a Debate, Quiz and Workshop for the secondary school students were they showcased their financial products and services which they have available for young entrepreneurs.

2013 Nigeria Global Money Week

NAME OF THE ORGANISING ENTITIES:

  • ENDIP Consulting Limited; Financial Literacy for All; SOS Nigeria; Central Bank of Nigeria; Aegis Empowerment Initiative (AEI); Child Development and Concern Foundation (CDCF)

PARTNERS:

  • The Nigeria Stock Exchange (NSE); Securities and Exchange Commission (SEC); Federal Capital Territory Secondary Education Management Board (FCTSEMB); FCT Agency for Science and Technology (FAST); United Bank for Africa (UBA); APT Securities and Funds Ltd; Daughters of Abraham Foundation (DOAF); Kaduna State Ministry of Education; Kaduna State Media Corporation; Central Bank of Nigeria-Kaduna Branch;Access Bank and Barnawa Micro-finance bank; Junior Achievement Nigeria; Credit Awareness, Nigeria; Ajapa World - Fun Learning For Children; SAGE, Nigeria; Union Bank Plc; National Youth Service Corps (Lagos State Secretariat. Orientation Camp); Roland Berger (Global Young Leaders of the World Economic Forum/ Learn Money).

NUMBER OF CHILDREN REACHED:

  • 11 200

Global Money Week Nigeria was celebrated with activities and celebrations all around the country. Eight organisations worked together to increase the financial education and inclusion among children and youth. Pupils had the chance to visit a variety of financial institutions: the Central Bank, branches of the Central Bank, Commercial and Micro-finance banks. The guided visits enabled them to understand the functions of a bank, see how they carry out operations such as business transactions and deposit withdrawal, use of the Automated Teller Machine (ATM), and answer their questions on the banking policies in Nigeria. Students who visited Access Bank could explore how child friendly it is.

The visit to the Nigerian Stock Exchange (Abuja, Ibadan) was marked by the ringing of the opening bell by students at the trading floor.

Financial Literacy for Youths programs in schools were held. The Learn Money Week Manual was used from six public schools in Lagos. The children shared their personal experiences on hindrance to savings, some even mention cultural issues as faced challenges. In 20 schools in Ibadan, sensitization lectures were carried out on how students can embrace the habit of savings and how to open a savings account with just 1,000 Naira. Inter-schools debates competition took place during Global Money Week and it was won by Government Secondary Schools Elekahia. Quiz competitions for students on issues of savings, finance and investments took place, with exciting prizes as rewards.

As part of the Global Money Week celebration the “101 Ways To Save Money In Nigeria” book was offered to students at a discount. Copies of “101 Ways to Save” and “The Egg & the Poultry Farm” were distributed in schools. An ant bank was introduced as a tool for saving money at home before putting it in the savings account. In a radio programme, 16-year-old Aisha Mohammed Bello discussed with her peers what it means to dream and save, things we can save and why it is important to save. Others had the opportunity to connect to their peers in Ukraine, Germany, and the Netherlands and discuss broadly financial matters.

Global Money Week was marked also by the visit to Daughters of Abraham Foundation (DOAF) in collaboration with the CBN, where the lecture “Savings, Investments and Key Success Factors for Women Entrepreneurs in the 21st Century” was delivered. AEI organised the Grand Finale of the 2013 Global Money Week under the slogan of “Child and Youth Finance Summit”, under the theme “Reshaping the Future of the Nigerian Children and Youths through Sustained Financial Literacy and Exposure to Livelihood Skills”.

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