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Wema Bank Unveils Innovation Challenge For Kids

*Partners Bulb Africa


Nigeria's most innovative bank, Wema Bank Plc, has unveiled its Kids' innovation challenge aimed at encouraging children to ideate and develop solutions in any of the areas of Learning, Health, Games, and Agriculture.


The Competition would reward the top 3 finalists who present the most creative and innovative ideas with scholarships worth N300,000.00, N200,000.00, and N100,000.00.


Announcing the commencement of this year's Wema Kids' innovation challenge at the weekend, the Divisional Head, Retail Business, Mr. Dotun Ifebogun, said children who own a royal Kiddies account, are eligible to participate in the innovation challenge.


According to him, while the Hackaholics technological challenge sponsored by the bank is for the young adults to find solutions to life issues, the Kids' innovation challenge is to introduce the young ones aged between 7 and 12 years to ideate and proffer solutions to issues in learning, health, games, and agriculture.


Ifebogun, therefore, urged parents to open the Royal Kiddies Account for their children/wards to participate in the exercise.


The Chief Finance Officer of the bank, Mr Tunde Mabawonku, said the bank places a high premium on innovation, adding that the bank would continue to partner with organizations to create the environment for a better future.


He stressed the importance of introducing the children to the world of innovation to get them to realize their creative potential, noting that "we live in a dynamic world where technological advancement changes the way business is done from time to time ".


The founder and CEO of The Bulb Africa, the technical partner of the bank on the Innovation Challenge, Mr. Wande Adams, said the program would train the children to be able to solve everyday problems.


Adams said his company has different training modules and activities such as Nextgen, which would teach the children in various areas of technology.


The Head of Marketing Communication and Investors' Relations, Mrs. Funmilayo Falola, said the bank would continue to enable the technological proficiency of the youth to help them contribute to the technological development in the country.


To be eligible for the challenge, she said a child must have an Active Royal Kiddies Account with a required minimum balance of N20,000. They must also maintain an account balance of N20,000 from the launch date till June 30th

Entries would be open for submission online from May 27th to June 30, 2022

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