Payment Service Bank Empowers Nigerian Youths with Financial Literacy at Liberty Career Academy Summer Camp

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By Lukman Babatope

Nigeria’s first licensed payment service bank, 9 Payment Service Bank (9PSB), has reaffirmed its commitment to financial literacy and youth empowerment by hosting a training session for young Nigerians at the Liberty Career Academy (LCA) Summer Camp.

The initiative exposed participants to practical money management skills, equipping them with tools to make informed financial decisions and build a foundation for long-term economic stability.

The bank in a statement said the literacy drive was part of its wider mission to promote financial inclusion among underserved communities, particularly younger generations.

“The training session focused on helping participants understand the importance of money management, regular saving, goal setting, investing, and the need to spend wisely. Being financially literate can significantly improve livelihoods, help avoid scams, and better prepare young people for life after school,” the bank noted.

During the session, 9PSB’s Public Relations Specialist, Alvin Afadama, described financial literacy as an “indispensable life skill,” stressing that early exposure would give young people the confidence to navigate financial challenges.

“At 9PSB, we believe that empowering the next generation with this knowledge is key to building a more financially inclusive and economically resilient Nigeria,” Afadama said.

“Simple but powerful lessons such as tracking income and expenses, differentiating between needs and wants, and setting financial goals can dramatically change how young people approach money.”

Founded in 2020 and licensed by the Central Bank of Nigeria (CBN), 9PSB was created to drive financial inclusion among the unbanked and underbanked. Since inception, the digital bank has rolled out innovative solutions for individuals, businesses, and fintech partners across the country.

Through initiatives like the LCA Summer Camp, the bank seeks to instill a culture of saving, investing, and responsible spending among youths, thereby nurturing future entrepreneurs, investors, and financially independent citizens.

Industry experts note that financial literacy is central to Nigeria’s broader economic transformation, with early exposure helping to reduce poverty, boost financial inclusion, and strengthen resilience in the face of rising economic challenges.

9PSB stressed that its interventions go beyond workshops and camps, as it continues to develop digital platforms to expand access to financial services in rural and underserved areas.

The bank maintained that as Nigeria pushes toward its trillion-dollar economic transformation agenda, collaboration between financial institutions, regulators, and educational bodies will remain critical in creating a financially literate and inclusive society.