The federal government has signed a memorandum of understanding with Investonaire Academy to annually provide training in foreign exchange trading for 100,000 young Nigerians, as part of its strategy to address unemployment and promote financial inclusion.
This information was shared in a statement on Tuesday by Omolara Esan, the Director of Information and Public Relations at the Federal Ministry of Youth Development.
The statement said the agreement which was finalized on Monday in Abuja, aims to equip Nigerian youth with practical skills in forex trading, risk management, and financial literacy, preparing them to engage actively in the global financial market.
During the signing event, the Minister of Youth Development, Ayodele Olawande, described the initiative as a vital step towards empowering young individuals with digital and entrepreneurial skills that can provide long-term benefits for both themselves and the economy.
“This partnership embodies our strategic vision for sustainable youth development.
“Beyond trading, we aim to teach our youth to think critically, utilize digital tools, and seize global opportunities to create wealth and make meaningful contributions to the Nigerian economy,” Olawande stated.
The minister highlighted that in times of economic uncertainty, initiatives like this offer a reliable path to financial independence and entrepreneurial resilience.
“This memorandum of understanding is more than just a formality; it represents a commitment to action.
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“We will ensure that outcomes are transparent and measurable, genuinely impacting the lives of young Nigerians,” he added.
Dr. Enefola Odiba, the International Programme Director of Investonaire Academy, expressed enthusiasm about the partnership, emphasizing that it focuses not only on skill development but also on economic empowerment.
“Youths are the backbone of any nation. When empowered, they become drivers of innovation and growth.
“This initiative aims to bridge the socio-economic gap and unlock the vast potential of our young people,” he remarked.
Odiba also pointed out that the programme aligns with the federal government’s broader goals of promoting digital inclusion, economic diversification, and capacity-building for innovation.
The ministry reiterated its commitment to implementing this initiative with transparency, excellence, and measurable results, positioning Nigerian youth as active participants in the global economy.
