The University of Lagos (UNILAG) and CreditRegistry have signed a Memorandum of Understanding (MoU) to promote financial literacy, responsible credit use, and economic participation among students and staff of the university.
The agreement brings CreditRegistry’s education arm, the African Consumer Credit Academy (ACCA), into collaboration with the university to deliver structured learning on personal finance, credit management, entrepreneurship, and wealth creation. Supported by Afreximbank, the initiative targets students across all faculties, with a focus on early exposure to how the credit system works and how financial choices affect long-term outcomes.
Speaking at the signing ceremony, the Managing Director of CreditRegistry, Dr Jameelah Sharrieff-Ayedun, described the MoU as more than a ceremonial event. She was represented by the company’s Chief Information Officer, Nse Ikiddeh.
She said, “It is a declaration of intent, and partnering with prestigious institutions like the University of Lagos, we are bringing the same gold standard to the very place where Africa’s future is being forged.
“We aim to uphold the standards of our industry and ensure that the core of our economy remains informed and involved. Our goal is to guarantee that students graduate with more than just a degree.
“The collaboration is designed to bridge the gap between academic brilliance and economic resilience. We have seen far too many brilliant African ideas fail. Not because the product was bad but because the person does not exist in the financial system to access capital. The VC has a powerful vision that aligns perfectly with ours; this is why we are investing in students who will not graduate to start paying bills but command the creation of generational wealth.”
On behalf of the university, the Vice Chancellor of UNILAG, Professor Folasade Ogunsola, was represented by the Deputy Vice Chancellor, Professor Bolanle Olufunmilayo Oboh. She thanked CreditRegistry for the partnership and said it would play a role in shaping the future of students.
She said, “Our students will gain early exposure to how credit works and is assessed in the real world, and the benefits are both immediate and long-term.
“They will gain access to practical financial literacy training that complements the academic, regardless of faculty or course of study. They will understand how to budget, how to manage credit responsibly, how to build a positive financial profile, and how to avoid the pitfalls that derail many promising careers and businesses.
“Beyond knowledge, the partnership opens pathways for real opportunities, inclusive certification, mentorship, and exposure to financial institutions including key pan-African partners like Afreximbank and industry professionals through platforms such as the Africa Credit Expo. Of equal importance is the value this collaboration brings to our faculty members.”
Both parties said the partnership reflects a shared focus on preparing students to take part in the financial system with understanding and confidence, and to support economic participation beyond the university environment.
