Together with the Central Bank of Nigeria and LYNX, Child & Youth Finance International (CYFI) successfully organized a Product Development and Capacity Building Workshop for Financial Institutions in Nigeria.
In an interactive setting, Nigerian banks, international guest speakers and CYFI experts worked together on determining how and why banks should invest in child friendly banking products and financial education. One of the participating banks stated that “Children and youth are a serious opportunity, and we need to make sure that we combine access with education”.
Another unique feature of the workshop was the involvement of the Central Bank of Nigeria, providing insights into the regulatory framework, whilst also facilitating discussion with the Nigerian financial institutions, to see how they can reach the youth segment and therefore improve the economic future of the country.
One bank summarized the enthusiasm participants felt during the workshop, “Investing in children is not just important for them, but also for the financial institution, the financial system and the nation”. For CYFI it was a great opportunity to meet with financial institutions in Nigeria, share examples of best practice, and to support financial institutions in their mission to financial include Nigerian youth.