The Central Bank of Nigeria has emphasised the importance of financial literacy as a key driver of Nigeria’s economic growth, stating that informed financial decisions by citizens are critical to national development.
Speaking at the Global Money Week 2026 held at the bank’s headquarters in Abuja, the Director of Consumer Protection and Financial Inclusion Department, Aisha Isa-Olatinwo, said financial knowledge is an essential life skill.
“The ability to make informed financial choices not only empowers individuals and strengthens families but also supports national economic growth,” she said.
The event, part of a global initiative to promote financial education among young people, featured students from several schools, including Doveland International School, Living Fountain International School, Government Day Secondary School, Wuse, and Government Science School, Maitama.
Isa-Olatinwo noted that financial literacy is becoming increasingly important in today’s rapidly evolving financial landscape, stressing that it is no longer optional but essential.
She explained that the theme of this year’s programme, “Smart Money Talks,” highlights the importance of open conversations about money to build confidence and correct misconceptions.
The CBN director also outlined ongoing initiatives by the apex bank to improve financial awareness, including the Bank Consumer Education Series and the “Sabi Money” digital learning platform, which targets students and young Nigerians.
Encouraging a long-term approach to wealth, she advised participants to view money as a tool for investment rather than just spending.
“Look at money as an instrument for investment, and the yield from that investment, you can spend. That way, you build a rich future,” she added.
Also speaking, Temilade Akinfadeyi, Head of the Financial Inclusion Division, said the 2026 financial literacy fair was designed to provide practical, hands-on learning experiences.
According to her, the programme allows students to interact with financial institutions and gain insights into saving, spending, and responsible money management.
Earlier, Amuwa Nelson, Head of Consumer Education and Evaluation Division, said the initiative aims to equip young people with the confidence and skills needed to make sound financial decisions.
Meanwhile, Polaris Bank announced its partnership with the CBN for the 2026 edition of Global Money Week, which runs from April 7 to April 30, 2026, with a focus on bridging the financial literacy gap among secondary school students.
The apex bank said it plans to expand its financial literacy campaigns beyond schools to reach broader segments of the population, reinforcing the role of informed citizens in driving sustainable economic growth.
