The Federal Government has announced the launch of a collaborative initiative in partnership with Investonaire Academy, aiming to train 100,000 Nigerian youths annually in forex trading.
This move has been positioned as part of ongoing efforts to address the challenge of unemployment across the country.
The announcement was made public through a statement issued by Omolara Esan, the Director of Information and Public Relations at the Federal Ministry of Youth Development. It was indicated that the training initiative stems from a Memorandum of Understanding (MoU) that had been signed a day earlier in Abuja, formalizing the cooperation between the two parties.
Under the terms of the agreement, participants are expected to undergo practical instruction in forex trading, risk management, and financial literacy, thereby equipping them with the necessary competencies to engage with and benefit from the global financial markets.
During the signing ceremony, Ayodele Olawande, the Minister of Youth Development, described the program as a strategic empowerment effort. It was stated that by imparting digital and entrepreneurial skills, the initiative is intended to contribute to individual economic upliftment and broader national development through increased youth participation in modern financial ecosystems.
“This partnership reflects our strategic vision for sustainable youth development,” Olawande said. “Beyond trading, we’re teaching our youths to think critically, embrace digital tools, and seize global opportunities to build wealth and contribute meaningfully to the Nigerian economy.”
He stressed that at a time of growing economic uncertainty, such initiatives offer a credible path to financial independence and resilience for many young Nigerians.
“This MoU is not just a formality. It is a commitment to action. We will ensure transparent, measurable outcomes that genuinely impact the lives of young Nigerians,” the minister added.
Also speaking at the event, the International Programme Director of Investonaire Academy, Dr. Enefola Odiba, expressed optimism about the partnership.
He stated that the program is designed not just to teach forex trading but to promote overall economic empowerment.
“Youths are the backbone of any nation. When empowered, they become catalysts for innovation and growth. This initiative is designed to bridge the socio-economic divide and unlock the immense potential of our young people,” Odiba said.
He further noted that the program aligns with the Federal Government’s broader goals of digital inclusion, economic diversification, and innovative capacity-building.
The Ministry of Youth Development emphasized its commitment to ensuring that the initiative is implemented with transparency and excellence, aiming for tangible results that position Nigerian youths as active players in the global economy.