The Central Bank of Nigeria (CBN) has stepped up its campaign for early financial education, advising secondary school students that mastering money management is a crucial life skill in today's dynamic economy.
During the 2026 Global Money Week event in Abuja, Mrs. Aisha Isa Olatinwo, the Director of the Consumer Protection and Financial Inclusion Department at the CBN, stated that understanding financial principles is now a necessity for young Nigerians.
"In today’s rapidly evolving financial landscape, financial literacy is no longer optional; it is essential," Olatinwo remarked, underscoring that the capacity to make sound financial decisions is vital for individual progress, family well-being, and the nation's economic advancement.
She highlighted that providing young people with robust financial knowledge from an early age would better equip them to face economic challenges.
Olatinwo also pointed out the importance of open discussions about money to dispel myths and build confidence among individuals.
"When we talk about money, we break down misconceptions, build confidence, and prepare ourselves for a more secure financial future," she added.
The CBN director also detailed several programs initiated by the central bank to boost financial awareness among Nigerians, particularly the youth.
These programs include the Bank Consumer Education Series and the "Sabi Money" e-learning platform, both designed to impart practical money management knowledge and foster collaborative learning.
According to Olatinwo, the activities planned for this year's campaign are specifically designed to instill responsible financial behaviours in young people.
She further noted that the outreach would extend beyond students to involve parents, traders, and communities across the country.
Olatinwo encouraged attendees to reconsider their perspective on money, advocating for a shift from spending habits to investment practices.
"Let’s not see money merely as something to spend. View it as a tool for investment. When you invest, the returns can then be spent. That is how wealth is built," she advised.
Previously, Mr. Amuwa Nelson, the Head of CBN's Consumer Education and Evaluation Division, described Global Money Week as a worldwide effort to equip young people with the necessary knowledge, skills, and confidence to make wise financial decisions.
He explained that this year's financial literacy fair was structured to offer practical experience in budgeting, saving, and prudent spending, while also revealing financial opportunities accessible to participants.
Nelson stated that the theme, "Smart Money Talks," promotes open financial conversations as a method for improving decision-making. He emphasized that asking questions, exchanging ideas, and learning from others are key steps toward securing a sound financial future.
He concluded by mentioning that participants would have direct engagement with financial institutions, explore financial products tailored for youth, and gain insights that would influence their financial choices now and in the future.
By James Emejo and Mariam Adedokun
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