Eric Patrick
In a strategic move to combat youth unemployment and promote financial inclusion, the Federal Government has signed a Memorandum of Understanding (MoU) with Investonaire Academy to train 100,000 young Nigerians each year in forex trading.
This was contained in a statement on Tuesday by Omolara Esan, Director of Information and Public Relations at the Federal Ministry of Youth Development.
The MoU, sealed on Monday in Abuja, participants will receive hands-on training in foreign exchange trading, risk management, and financial literacy, equipping them to navigate and benefit from the global financial market.
Minister of Youth Development, Ayodele Olawande, described the initiative as a transformative step toward equipping Nigerian youths with digital and entrepreneurial skills.
“This partnership reflects our long-term vision for sustainable youth development.
“We’re not just teaching trading — we’re nurturing critical thinking, digital fluency, and the mindset to seize global economic opportunities.”
He added that, especially in times of economic uncertainty, such initiatives offer a pathway to financial independence and long-term economic resilience.
“This MoU is a commitment to real action. We will prioritize transparency and measurable outcomes that truly improve the lives of our young people.”
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Dr. Enefola Odiba, International Programme Director at Investonaire Academy, expressed strong support for the collaboration, emphasizing its focus on both skill development and economic empowerment.
“Youths are the backbone of any nation. When equipped with the right tools, they can drive innovation and growth,” Odiba said.
“This program aims to close socio-economic gaps and unlock the vast potential within our youth population.”
Odiba also noted that the initiative aligns with the federal government’s broader goals of digital inclusion, economic diversification, and capacity building.
The Ministry of Youth Development reaffirmed its commitment to executing the program with excellence and integrity, aiming to position Nigerian youths as competitive players in the global economy.