PalmPay expands youth empowerment programme

PalmPay, a digital bank, is broadening its initiatives aimed at empowering young Nigerians as the demand for digital skills, financial literacy, and work experience intensifies in Nigeria’s technologically-driven economy. Managing Director Chika Nwosu emphasized the potential of Nigeria’s youthful population but highlighted the need for access to essential skills, knowledge, and opportunities.

"Nigeria’s young population is one of its greatest assets, but unlocking its potential requires access to the right skills, knowledge, and opportunities," Nwosu noted. PalmPay recognizes the significance of digital technologies in shaping the future workforce and aims to bridge the gap in digital skills among young people entering the job market.

Currently, only seven percent of young people aged 15 to 24 in Nigeria possess basic information and communication technology skills, according to UNICEF. The fintech company is committed to providing young Nigerians with practical skills and opportunities to thrive in the workforce through various initiatives. These include a Graduate Trainee Programme, a financial literacy programme for National Youth Service Corps members, and the Purple Woman initiative that supports young women through internships, learning, and professional development.

By investing in these youth empowerment programmes, PalmPay is addressing the urgent need for skills development, employment, entrepreneurship, and social inclusion identified by the Federal Government. The company believes that equipping young Nigerians with the necessary skills and knowledge will contribute to a stronger, more inclusive Nigeria and help them succeed in the rapidly evolving digital economy.