Rich Child Smart Child

In the midst of our CONSUMER culture, can we still find parents or schools who taught and assisted their children/pupils to imbibe savings/investment culture through the principle of “PIGGY BANKS?”


We propose to introduce financial education as an extracurricular programme to your revered institution for the benefit of your pupils. We will need just one to two days every month to teach and carry out our life changing activities with the children. We will also charge a token training fee per participating child per month.

The current primary and secondary curriculum in Nigeria provides many opportunities for students to learn about financial literacy topics. At the primary level, in mathematics,     students develop skills in problem solving and an understanding of numbers, quantity,      proportional relationships, and equations. They develop the critical thinking and analytical skills that they will require as citizens and consumers. At the secondary sciences level, the skills and concepts associated with financial literacy are addressed most frequently in the curriculum for business studies, guidance and career education, mathematics, and social.

It is clear, then, that many Nigerian students already have opportunities to acquire some of the fundamental skills needed for financial literacy. The challenge is to find the most effective ways to build on the existing foundation in order to strengthen the financial literacy of all students in Nigerian schools.

We seek your audience to discuss this proposal further and to welcome pupils from your school to join others from schools around the whole nation into this innovative programme. Thanks for your anticipated favourable response.

Signup Your Child/Ward for RCSC

1. Pick and fill a free registration form

2.  Acquire a modest GSM handset for your child/ward or request for MTN’s handset for children

3.  We will register a free MTN SIM for your child/ ward

4.  You will pay just one thousand naira as start-up fee out of which five hundred naira will be used to open Diamond Y’ello (mobile savings) Bank Account for your child/ward.

5. Your child/ward will be trained on how to    deploy PIGGY BANK principle to save at least fifty naira or more every day he/she  attends school weekly.

6. Your child/ward will be engaged in       Finance  education extracurricular activity periodically

7. You will supervise your child/ward   practical finance education exercises to monitor his/her progress.

Contact Info: Cute Edge Consulting, Lagos. 2348023220158, 2348038482635,   Email: Website:

  rich child partners


It is common to see parents indulge their children in consumption spree and frivolities. Some parents spend huge amount of money on alcoholic beverages for adults, play toys and entertainers; celebrating birthdays of their children and later have these children sent home from school for school fees       payment default.

How many of us can boast of opening and consistently funding a savings account for our children from the first month of their birth? In the midst of our CONSUMER culture, can we still find parents or schools who taught and assisted their children/pupils to imbibe savings/investment culture through the principle of “PIGGY BANKS?”

Your students/child/ward will be mentored to get rid of consumer and wasteful attitude, start saving early even from his/her allowances and disciplined to invest so that when he/she leaves school he/she may become an employer of labour instead of a job seeker.


The recent global recession underscored the importance of financial literacy. To put it simply, people need to broaden their knowledge of how to make informed financial decisions with the resources they have. They need to understand basic concepts such as saving, spending, giving to charity and investing. It is also important that they have a basic understanding of economics and the flow of money in the global economy.

Financial education can benefit consumers of all ages and income levels. For young adults just beginning their working lives, it can provide basic tools for budgeting and saving so that       expenses and debt can be kept under control. Financial education can help families acquire the discipline to save for a home of their own and/or for their children’s education. It can help   older workers ensure that they have enough savings for a comfortable retirement by providing them with the information and skills to make wise investment choices with both their pension plans and any individual savings plans. – OECD, Improving Financial Literacy: Analysis of Issues and Policies, 2005

Did you know?

Although 95 per cent of teenagers in 2008 understood what a budget is, only 21 per cent of them used a budget and were able to stick to it. After they graduate, students quickly take on more responsibility. They begin working, participate in apprenticeship programs, or attend polytechnic or university. Their financial security and well-being will depend in part on their skills in dealing with the increasingly complex world of finance.

Only 28 per cent of students felt that they were knowledgeable about money and that they made good spending decisions.

In response to questions about specific financial topics, students assessed their own knowledge as being low, and 57 per cent felt that schools should provide them with information on managing money and personal finance.

Only 38 per cent of students felt prepared to manage their money after graduation. Many students said that they would welcome and benefit from more education in this area.

Financial literacy education can help address information gaps that contribute to the financial          exclusion of many groups. Financial literacy education provides access for all students to important financial knowledge and skills.

In view of these circumstances, it is essential to ensure Nigerian students have the opportunity to    improve their financial literacy. A solid foundation in personal finance will help students plan for    personal success – however they may define it.

  1. We will approach the school management (director, proprietor, headmaster, principal, etc.) with a proposal or for just a chat to share the vision of Rich Child Smart Child
  2. We will secure an appointment to make a presentation to the school board or PTA or at our first visit secure an outright approval to run RCSC as an extracurricular finance education programme in their school.
  3. Registration forms will be given to all pupils to take home and fill with the assistance of their parents/guardians
  4. Pupils will return the completed form to the school bursar/accountant with the signup fee
  5. We will pick up the completed forms and signup fees from the school authority and agree a date to come for activation of pupils
  6. Pupils are to come with their GSM handset on the activation day or arrange to acquire one through us. (we need the school’s permission for this in cases where students are forbidden from bringing phones to school)
  7. The children will each be activated according to the requests made on their registration forms i.e. free MTN SIM card, MTN VTU card, SIM registration/activation, DYA account opening/activation with N500.00 opening balance, etc.
  8. Next is to fix the first of the monthly training days to get the Rich Children started with their first project
  9. The final amount to be charged as monthly training fee is left to the school’s discretion, however, we will charge a minimum of N500.00 per pupil/student monthly for the training materials, instructors and logistics.
  10. At these monthly finance education workshops, students will be taken through core financial topics, practical exercises and projects that will transform their lives.
  11. There will be an annual Rich Child competition and award event for the smartest children from various grades and schools from all states of the federation.
  12. Sponsorship is expected from MTN, Diamond bank and other corporate bodies for the benefit of the students
  1. Demonstration to parents of your practical willingness to better the lot of your students beyond what is provided for in the national school curriculum.
  2. You will attract more parents to your school by the activities of “Rich Child Smart Child” whose children could become your students.
  3. You can make money monthly for your school by adding to our monthly training fee.
  4. Your school will get media exposure on national television by the participation of your students in our annual competitions.
  5. MTN will support your inter-house sport programmes annually and students will enjoy other freebies from our other sponsors like Investment One and Diamond Bank.

Schools teach children how to work for money. Rich Child Smart Child will teach them how to make money work for them. Using fun, real-world examples, children get to practice investing (acquiring assets) and dealing with the perils of liabilities. Parents and children can talk about their plans for escaping the rat race.

Rich Child Smart Child (RCSC) is the youth initiative of Cute Edge Consulting – seeking to increase the financial literacy of the next generation of future entrepreneurs. By utilizing innovation as a means to teach challenging subjects like finance, business and investing, we are training a fresh, new group of business owners and creative thinkers who will become their community’s leaders. It is a move to give the younger generation the skills they need to manage their money once they leave school. The Cute Edge mission is one of education and empowerment. Knowledge is power. Cute Edge Consulting is committed to improving the awareness of and opportunities for improved financial literacy for adults and children around the world.


Contact Information

Cute Edge Consulting, 30 Lawanson Road, Surulere – Lagos

2348023220158, 2348038482635, Email:, Website: