As the annual Global Money Week (GMW) kick-started on Monday, Nigeria joined the rest of the world in the celebration when the Central Bank of Nigeria (CBN) opened the celebration with a ‘children and youth lead street walk’ to educate the general populace on the importance of savings. GMW activities coordinated by CBN will run throughout the week.
Initiated by the Child and Youth Finance International, the Global Money Week (GMW) is celebrated annually during the second week of March to teach children and youths about money, savings, creating livelihoods, gaining employment and becoming entrepreneurs; through fun and interactive activities.
In celebrating the week in Nigeria this year, the CBN has collaborated with the German Development Cooperation (GIZ) to expand its outreach to young people, it has also partnered with affiliate micro-finance institutions in four states to organize activities including open days at institutions for students, workshops on financial education and employment, job shadows, savings campaigns and school bank initiatives.
The goal is that every year, entire communities take action to create awareness, challenge out of date financial policies and give young people the tools and inspirations they need to shape their own future. The events are organized by schools, universities, government ministries, financial institutions, members of the civil society and youths worldwide.
This year, tagged ‘Save Smart’ has been packed with several activities such as youth talks, media campaigns, and educational visits to stock exchanges, financial organisations, and other state institutions while young people will be receiving saving boxes. NGOs and civil society communities in Nigeria are joining in the celebration by coordinating activities together with the CBN.
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