Every year, countries around the world participate in Global Money Week, an international campaign designed to help children and young people learn about money, saving, and responsible financial decisions.
The initiative encourages young people to understand how money works so they can build secure financial futures.
Global Money Week is a worldwide financial awareness campaign coordinated by the Organisation for Economic Co-operation and Development (OECD) through its International Network on Financial Education.
The campaign focuses on teaching young people the importance of financial literacy, the ability to manage money wisely, plan for the future, and avoid financial risks.
Each year, governments, schools, banks, and civil society organisations organise activities such as workshops, school programmes, and public awareness campaigns.
Why financial education matters
Many young people enter adulthood without basic knowledge about money. As a result, they may struggle with budgeting, saving, or avoiding debt.
Financial education helps young people learn how to Save money and plan for the future, Understand banking and digital paymentsAvoid scams and financial fraud and Make informed spending decisions.
Experts say early financial education can help reduce poverty and improve economic stability in the long run.
During Global Money Week, organisations across the world host a variety of educational activities.
These include:
-Financial literacy classes in schools
-Youth discussions on entrepreneurship
– Bank visits and mentorship programmes
– Public campaigns on responsible money management
The goal is to make financial learning simple, practical, and engaging for young people.
Global Money Week in Nigeria
Nigeria also participates in the campaign through initiatives led by financial regulators, schools, and private institutions.
Organisations such as the Central Bank of Nigeria and the Securities and Exchange Commission Nigeria often support financial education programmes aimed at helping young Nigerians understand savings, investment, and digital finance.
Preparing the next generation
As financial systems become more digital and complex, experts say financial literacy is now a critical life skill.
Through campaigns like Global Money Week, young people gain the knowledge and confidence needed to make responsible financial choices.
Ultimately, teaching children about money today helps build a more financially responsible and economically resilient generation tomorrow.
