FG unveils plan to train 100,000 youths in forex trading annually

The Nigerian Government has announced plans to train 100,000 young Nigerians annually in foreign exchange (forex) trading, as part of broader efforts to combat youth unemployment and enhance financial inclusion.

The initiative was revealed by the Minister of Youth Development, Mr. Ayodele Olawande, during a Memorandum of Understanding (MoU) signing ceremony with Investonaire Academy—the organisation tasked with conducting the training—in Abuja on Tuesday.

The minister said youths will be equipped with practical skills in forex trading, risk management, and financial planning, empowering them to thrive in the global financial marketplace.

He described the collaboration as a major milestone in the ministry’s mission to drive youth empowerment through capacity development, innovation, and access to transformative opportunities.

This partnership reflects our strategic vision for sustainable youth development.

Beyond trading, we’re teaching our youth to think critically, embrace digital skills, and seize global opportunities to build wealth and add value to the Nigerian economy,” he said.

Highlighting the importance of such initiatives amid economic uncertainty, Olawande emphasised that it provided a credible path to financial independence and entrepreneurial resilience.

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,” he added.

The minister reaffirmed the ministry’s commitment to rolling out the initiative with transparency, excellence, and tangible results, positioning Nigerian youth as active players in the global economy.

Dr Enefola Odiba, International Programme Director, Investonaire Academy, expressed optimism about the collaboration.

He highlighted the socio-economic challenges facing many young Nigerians and noted that empowering them with financial literacy and digital skills was a strategic solution.

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.

He emphasized that the training programme aligns with the federal government’s broader goals of promoting digital inclusion, driving economic diversification, and equipping youths with innovative skills.

(NAN)