Global Money Week

2017 Nigeria Global Money Week

Leading Organizations:
Central Bank of Nigeria

Participating Organizations:

Ministry of Education, Ministry of Youth Development, Junior achievment Nigeria, Credit Awareness Nigeria, Development Initiative Network, Fate Foundation, Lynx Nigeria, Mercy Corps S.o.S. Children’s Village, Baze university, Nigeria deposit insurance corporation, Securities & exchange commission, Pension Commission, Access Bank, Citi Bank Diamond bank, Coronation Merchant Bank, Ecobank Nigeria, FCMB First Bank of Nigeria, Fidelity Bank, FSDH Merchant Bank, Geritage bank, jaiz bank, Keystone bank Rand merchant bank, Savannah bank, Skye bank, Standard Chartered Bank, Stanbic IBTC, Sterling Bank Suntrust Bank, Union Bank UBA, Unity Bank, WEMA Bank, Zenith Bank, Corona Secondary School, Uber, Old mutual

AIESEC Nigeria, Financial Literacy for All, ELPESO International LTD, Students for Advancement of Global Entreupreneurship (SAGE), Ajapa World Nigeria, National Financial Inclusion Network , blooming heritage schools ltd , leader in training organization, funtaj secondary school, fbn merchant bank , GTB , Providus Bank, Baptist Academy, Baptist Girls Academy , Dr. Soyemi Memorial Secondary School , Kings College, Maine Pebble Schools , Methodist Girls High School , Natan Primary School, Queens College , Yaba Model School,

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 Program on March 30th. The high point of the celebrations was the implementation of the School Mentoring and Reach-Out Program 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 program 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 organizations and made a big impact on financial awareness among the children and youth across 6 states in Nigeria during GMW 2017. AIESEC organized 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 organized sessions, seminars, and other educational sessions for young secondary school and university students in partnership with financial institutions and other organizations. 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 organized 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 organizations, 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 organized 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 organized 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 organizations, 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 Organisation(s):
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 event:
14th - 20th of March

Total number of children & youth engaged: 74 465
Total indirect reach: 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 organizations. 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 organized 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 organized 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 organization 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 program - 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 organized 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 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 organized 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 organization 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 organized 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 organized 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 organize a financial literacy a program. The organization 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:
Central Bank of Nigeria
SAGE
Access Bank
SOS Children’s Villages Nigeria
Aegis Empowerment Initiative
Bankers’ Committee
Eadda Kids Enterprises and Pink Lemon Enterprises
Entrepreneurial Development Initiative (ENDIP) Consulting
Skye Bank
Diamond Bank
Citi Bank
Union Bank of Nigeria
Date of the event:
26th February - 16th of March
Number of children reached:
38 902
Press
www.vanguardngr.com
m.news24.com
www.mydailynewswatchng.com
allafrica.com
africanfinancialnews.com
www.thisdaylive.com
bizwatchnigeria.ng
allafrica.com

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 program 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 program, 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 organized on the topic “Saving in the bank is better than saving at home”.

Aegis Empowerment Initiative (AEI) organized 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 organized 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 organizations 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 organizing entity - 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 organizations 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 program, 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 organized 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”.

Click an image for full size