As part of its commitment to deepening financial literacy in Nigeria, United Capital, an investment bank and financial services institution, hosted its 2022 'Money Savvy Kid' financial literacy workshop for children.

The workshop was inspired by the need to teach children fundamental money management skills at a young age to become financially responsible adults and help support the growth of the nation's economy.

The event highlighted the emergence of 11-year-old Pharez Obioha as the winner of the United Capital's first-ever 'A Day as CEO' initiative.

As the competition's first-place winner, Pharez Obioha had the opportunity to serve as the CEO of United Capital Plc for one day. In his new role, he got a tour of the company's headquarters in Lagos, where he met with executive management and had a meet and greet with employees.

In addition, a prize presentation ceremony took place, where he received a N150,000 cheque for his United Capital Education Trust Account, an investment fund primarily focused on the welfare of children. The first and second runners-up, Oluwatosin Babafemi and Ayobami Arogundade, received N100,000 and N50,000, respectively.

He said the campaign received over 1,000 entries from children both at home and abroad. The winners were chosen based on their attendance and performance at the financial literacy workshop, adherence to the stated submission deadline, and possession of United Capital Education trust accounts, a feature that drove the uptake of the investment product.