PalmPay has launched a nationwide financial literacy campaign aimed at equipping Nigerian youths with practical money management skills, reaching more than 5,000 National Youth Service Corps (NYSC) members across five states. The digital banking platform visited camps in Lagos, Ogun, Oyo, Rivers and Abuja over the last three months, focusing on personal finance, saving culture, investment habits and responsible use of financial technology.
The initiative responds to Nigeria’s low financial literacy levels, a challenge highlighted by global data from the Global Financial Literacy Excellence Center which shows that only one-third of adults worldwide understand key financial concepts. For PalmPay, closing this gap among young Nigerians is essential to building a stronger, more inclusive financial system.
According to the Head of Marketing and Communications, the organisation identified a growing need to guide young people on how to manage money effectively and leverage digital tools for long-term financial security. The campaign, described as a socially responsible commitment, is designed to help corps members make informed decisions during and after their service year.
Facilitators engaged participants on real-life financial scenarios, covering budgeting, disciplined saving, early investment culture and the safe use of digital platforms. Corps members were also introduced to PalmPay’s app, with demonstrations on how fintech services can support income management, daily transactions and future planning.
PalmPay emphasised that empowering youths with financial knowledge contributes to national economic growth, especially as many corps members transition into entrepreneurs, freelancers and small business owners after NYSC. By promoting financial discipline among future business founders and job seekers, the campaign supports broader goals around youth employment, financial inclusion and MSME sustainability.
Participants welcomed the initiative, noting that the sessions gave them fresh insight into practical financial planning. A corps member in Oyo State said the programme helped them understand how to manage allowances more wisely and make better savings decisions using digital platforms.
PalmPay noted that the outreach will continue in more states as part of its long-term commitment to youth empowerment and Nigeria’s digital financial growth. Through continuous engagement and partnerships, the company aims to build a generation of financially responsible young Nigerians who can make strong economic contributions, either as professionals or small business owners driving the country’s development.
