The federal government of Nigeria has signed a Memorandum of Understanding (MoU) with Investonaire Academy to train 100,000 youths annually in foreign exchange (forex) trading.
This was disclosed in a statement signed by Omolara Esan, Federal Ministry of Youth Development’s director of Information and Public Relations, on Tuesday.
The MoU, signed in Abuja on Monday, is aimed at tackling youth unemployment and promoting financial inclusion while equipping youths with practical skills in forex trading, risk management, and financial planning to thrive in the global economic space.
During the signing, Ayodele Olawande, minister of Youth Development described the initiative as a crucial advancement in the ministry’s commitment to youth development and access to impactful opportunities.
He highlighted the significance of the opportunity to youths stating that it helps youth think critically and access global opportunities to build wealth.
He further emphasized that the ministry will ensure transparent and measurable outcomes that positively impact Nigerians’ lives.
Dr Enefola Odiba, Investonaire Academy’s international programme director, highlighted the importance of youth development to the nation’s growth.
“Youth are the backbone of any nation. When empowered, they become catalysts for innovation and growth. This initiative is designed to bridge the gap and unlock the immense potential of our young people,” Odiba said.
Odiba stressed the alignment of the initiative with the government’s agenda of digital inclusion, economic diversification, and skill acquisition.
The ministry reiterated its commitment to ensuring transparency, excellence, and tangible outcomes that enhance Nigeria’s youth capacity to compete favourably in the global landscape.
