The Central Bank of Nigeria has linked financial literacy to the country’s broader economic growth strategy, saying informed financial decisions by citizens are essential for national development.

The position was stated on Tuesday during the Global Money Week 2026 event held at the bank’s headquarters in Abuja.

Speaking at the programme, the Director of Consumer Protection and Financial Inclusion Department, Dr Aisha Isa-Olatinwo, said the ability to make informed financial choices is a critical life skill that empowers individuals, strengthens families, and supports economic growth.

She explained that financial literacy has become increasingly important in today’s changing financial environment.

According to her, understanding money management is no longer optional but necessary for people to make sound decisions.

The event featured students from Doveland International School, Living Fountain International School, Government Day Secondary School, Wuse, and Government Science School Maitama.

Isa-Olatinwo said the theme of this year’s event, Smart Money Talks, highlights the importance of open discussions about money.

She noted that such conversations help build confidence and correct misconceptions about finances.

The CBN director also highlighted several initiatives introduced by the apex bank to improve public awareness, including digital learning platforms and consumer education campaigns.

She mentioned the Bank Consumer Education Series and the Sabi Money e-learning platform, designed to equip individuals, especially students, with financial knowledge.

According to her, the bank plans to expand its financial literacy campaign beyond schools to reach more Nigerians.

She advised students to adopt a long-term approach to money and see it not only as something to spend, but also as a tool for investment.

Isa-Olatinwo urged participants to share financial knowledge with others, describing peer learning as important for sustaining the impact of the programme.

Also speaking, the Head of Financial Inclusion Division, Mrs Temilade Akinfadeyi, said the 2026 financial literacy fair was created to provide practical and engaging lessons for participants.

She explained that students would gain hands-on knowledge on saving, spending responsibly, and understanding financial opportunities available to them.

Earlier, the Head of Consumer Education and Evaluation Division, Mr Amuwa Nelson, said Global Money Week is aimed at equipping young people with the skills and confidence needed to make responsible financial decisions.

The initiative runs from April 7 to April 30, 2026, with a focus on helping students navigate an increasingly complex digital economy.