Wema Bank launches Children’s Day initiatives including cash rewards, STEM challenges, and financial literacy programmes for young customers
Wema Bank Plc has introduced a series of expanded empowerment initiatives for children during its Children’s Day Special Event held on Monday, May 25, 2026, in Lagos, with One-Day MD/CEO Wema Bank leading the unveiling of new programmes aimed at education, financial literacy and youth development.
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Chinmamanda Diamond Ozoakpata, who served as One-Day MD/CEO, announced the initiatives as part of the bank’s evolving strategy to reposition Children’s Day beyond celebration into a structured platform for long-term impact.
The programme includes a range of incentives linked to the bank’s Royal Kiddies account and ALAT Xplore platform, targeting children across different age groups with financial rewards, learning tools and innovation challenges.
Among the new initiatives is a birthday cash gift scheme for Royal Kiddies account holders, where children turning five will receive ₦5,000 while those turning ten will receive ₦10,000 automatically within the qualifying period running from May 2026 to May 2027.
The bank also introduced a ₦100,000 academic reward for the top 100 performers in the National Common Entrance Examination, a move designed to strengthen the link between education and financial recognition.
In addition, Wema Bank launched “Money Adventures,” a financial literacy book created for children aged six and above.
The publication introduces basic concepts of saving, money management and responsible financial habits in a simplified and engaging format.
For older children, the bank unveiled the Evolve School Tour STEM Challenge under its ALAT Xplore platform.
The initiative targets students aged 13 to 17 and will run across selected secondary schools with established STEM programmes nationwide.
The challenge is expected to feature hands-on competitions, school engagements and monetary rewards aimed at promoting innovation, technology awareness and financial discipline among teenagers.
The bank stated that the expanded initiatives reflect a broader commitment to building financial confidence and leadership skills among Nigerian children through structured engagement rather than one-off celebrations.
Officials noted that this year’s edition represents the most comprehensive Children’s Day package introduced by the bank to date, combining education, rewards and innovation-driven programmes within a single framework.
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The initiatives are expected to run over the next year, reinforcing the bank’s long-term investment in youth development and financial inclusion at an early age.
David Okere is a journalist and contributor to Freelanews.com, covering business, governance, public affairs, and human-interest stories with a commitment to accuracy, balance, and public interest reporting.
