The Central Bank of Nigeria (CBN) has said that financial literacy remains a key driver of the country’s broader economic growth strategy, stressing that informed financial decisions by citizens are essential for national development.
Speaking at the Global Money Week 2026 held at the CBN headquarters in Abuja on Tuesday, the Director of the Consumer Protection and Financial Inclusion Department, Dr Aisha Isa-Olatinwo, said financial knowledge plays a vital role in empowering individuals and strengthening the economy.
“The ability to make informed financial choices is a critical life skill that not only empowers individuals and strengthens families but also supports national economic growth,” she said.
The event, which featured students from several schools including Doveland International School, Living Fountain International School, Government Day Secondary School, Wuse, and Government Science School, Maitama, formed part of a global initiative aimed at equipping young people with money management skills.
Dr Isa-Olatinwo noted that financial literacy has become increasingly important in today’s fast-changing economic environment.
“In today’s rapidly evolving financial landscape, financial literacy is no longer optional; it is essential,” she said.
She explained that this year’s theme, “Smart Money Talks,” encourages open conversations about financial matters to improve understanding and dispel misconceptions about money management.
According to her, the apex bank has introduced several initiatives to enhance financial awareness, including digital learning platforms and nationwide public education campaigns.
“As you may be aware, the Central Bank has deployed several consumer-focused initiatives aimed at ensuring improved awareness about managing finances effectively,” she said, citing platforms such as the Bank Consumer Education Series and the Sabi Money e-learning initiative designed for students.
Isa-Olatinwo urged participants to adopt a long-term approach to money management, advising against excessive spending habits.
“Let’s not see money as an instrument to spend. 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 said.
She also encouraged students to share financial knowledge with peers to expand the impact of the programme.
Also speaking, the Head of Financial Inclusion Division at the CBN, Mrs Temilade Akinfadeyi, said the initiative was designed to provide practical, hands-on learning on saving, spending and financial planning.
“This year’s theme highlights the importance of open and informed conversations about money,” she said. “It is a powerful step towards making smarter financial choices and building a secure future.”
She added that participants would interact with financial institutions and gain exposure to products and services tailored to young people.
Earlier, the Head of Consumer Education and Evaluation Division, Mr Amuwa Nelson, said the Global Money Week initiative is aimed at building financial confidence among young people and equipping them with responsible money management skills.
He noted that the 2026 edition, themed “Smart Money Talks,” underscores the importance of dialogue, learning and shared financial knowledge.
The event is part of a wider programme running from April 7 to April 30, 2026, under a partnership involving the CBN and financial institutions, including Polaris Bank, to bridge financial literacy gaps among secondary school students and prepare them for an increasingly digital economy.