Business News of Tuesday, 13 May 2025
Source: www.punchng.com
In a bid to promote financial literacy and empower Nigerian youths, Unity Bank Plc has conducted training sessions in 13 secondary schools across the country to commemorate the 2025 Global Money Week.
In a statement made available to our correspondent by the bank on Monday, the initiative, held under the theme “Think before you follow, wise money tomorrow,” aimed at helping young people develop critical thinking skills when making financial decisions, particularly in today’s era influenced by social media and digital distractions.
Unity Bank’s Managing Director/Chief Executive Officer, Ebenezer Kolawole, supported the initiative as the bank held a session at Boys Model Secondary School, Owerri, Imo State.
According to the statement, represented by the bank’s Zonal Head for South South/South East, William Odigie, Kolawole emphasised the importance of financial responsibility, urging students to cultivate a culture of saving, investing, and sound financial management while avoiding impulsive financial behaviour, especially online.
In his speech through the Zonal Head, Kolawole said, “The habits you form now around saving, spending, and investing will shape your financial future. It’s not about how much you have, but how wisely you manage it.”
Across the 13 schools visited nationwide, Unity Bank’s facilitators led interactive discussions, practical money management exercises, and quizzes. Students who excelled in various sessions were recognised and rewarded with branded gift items, reinforcing the financial literacy lessons.
It added that the bank’s participation in Global Money Week is part of its wider commitment to youth empowerment and financial education. Recently, Unity Bank also launched its GenFi digital banking app, a youth-focused solution designed to teach children and teens smart money habits through gamified learning, goal-setting, and parental guidance.
Global Money Week, a worldwide initiative coordinated in Nigeria by the Central Bank of Nigeria in collaboration with the Bankers’ Committee and Junior Achievement Nigeria, aims to instil sound financial knowledge and habits in young people to promote financial inclusion.
The PUNCH reported that in a bid to promote financial literacy among Nigeria’s youth, Unity Bank Plc has launched GenFi, a new digital banking platform designed to equip children and teenagers between the ages of 8 and 18 with essential financial skills.