2017 Nigeria Global Money Week
- Leading Organizations:
- Central Bank of Nigeria
- Participating Organizations:
- 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,
- Leading Organisation(s):
- Central Bank of Nigeria (CBN)
- Banker’s Committee
- 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
- 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
- Central Bank of Nigeria
- 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
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
Throughout the Global Money Week 2017, the Central Bank of Nigeria along with partners will reach Nigerian children and youth through plenty of exciting and interesting events. The week-long celebrations in Nigeria will start on Monday 27th March with the Global Money Walk that will see the participation of around 200 school children. The Nigerian youth will also get the opportunity to visit the Central Bank of Nigeria museum. On Tuesday 28th March, the financial literacy summit will feature an essay competition for secondary school students and a drawing competition for primary school pupils. Furthermore, financial institutions, development organizations and school children will exhibit their products in a financial services exhibition which will be open to visits during the day. As another way of raising awareness on financial inclusion of children and youth, the CBN intends to conduct the School Reach-Out and Mentoring programme in 12 states across the federation. Two Deputy Governors are expected to visit Lagos and Adamawa for the school mentoring programme on Thursday 30th March. At the close of the week, on 30th March, 23 commercial bank representatives will visit 5 schools in their catchment area. Additionally, the Stock Exchange in Lagos and Abuja will festively be opened on 29th of March by students from secondary schools and high-level representatives from Ministry of Education.
During GMW 2017, AIESEC Nigeria plans to make a big impact on financial awareness among the Nigerian children and youth through visits to schools and financial institutions, educational sessions on financial literacy, high-level discussions, seminars, and other educational sessions organized in radio and social media. Furthermore, children in secondary schools will implement a Trade Fair to showcase their entrepreneurial skills while young people in universities will be working on a Business Simulation to experience a virtual scenario of running a real-life business.
NGO Financial Literacy For All will celebrate the GMW 2017 through financial literacy seminars and workshops at several institutions: the Vocational School for the Blind, Special Education Tutors at Wesley School for the Deaf and Hearing Impaired, the Pacelli School for the Blind and the Bethesda Home for the Blind. The NGO will donate financial literacy braille books to the schools. Furthermore, Ant Bank savings boxes will be distributed to students at several elementary and secondary schools. There are more activities targeting children and youth: distribution of books on “101 Ways To Save Money In Nigeria”, radio interviews, and Vox Pop for children to test the children’s knowledge about Global Money Week.
ELPESO INT’L along with partners plans to reach children and youth through visits to schools, universities, youth organizations, inspirational talks, seminars, trainings, workshops, and other educational sessions organized for children and youth between ages 6-27. Throughout the Week, young people will be able to engage themselves at the Money Gallery and exhibitions to explore the history of money in Nigeria.
In celebration of Global Money Week, Uber and Old Mutual have announced that they will be extending their free money management course that took place in South Africa to Uber’s driver-partners in Accra, Ghana, in Lagos in Nigeria and Nairobi in Kenya. The course reflects the Week’s theme - Learn. Save. Earn. Driver-partners attending the workshops will be empowered with the skills to manage their finances in order to grow their income and save for the future. They’ll learn to understand basic money principles, develop healthy savings habits and plan a path to financial well-being.
2016 Nigeria Global Money Week
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
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
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
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”.