The Federal Government and Investonaire Academy signed a Memorandum of Understanding to teach 100,000 young Nigerians in foreign currency trading each year to combat unemployment and promote financial inclusion.
Omolara Esan, Director of Information and Public Relations of the Federal Ministry of Youth Development, said this on Tuesday.
The MoU, signed on Monday in Abuja, will teach Nigerian youth currency trading, risk management, and financial literacy to prepare them to engage in the global financial ecosystem.
At the signing, Minister of Youth Development Ayodele Olawande called the program a strategic move toward equipping young people with digital and entrepreneurial skills that may benefit individuals and the economy.
This relationship aligns with our sustainable youth development strategy.
“Beyond trading, we're teaching our youths to think critically, embrace digital tools, and seize global opportunities to build wealth and meaningfully contribute to the Nigerian economy,” Olawande added.
In times of economic instability, programs like these provide a genuine path to financial independence and entrepreneurial resilience, the minister said.
“This MoU goes beyond formalities. A commitment to action. We will achieve clear, quantifiable results that benefit young Nigerians, he said.
On his part, the International Programme Director of Investonaire Academy, Dr. Enefola Odiba, expressed hope about the relationship, stressing that it targets not only skill training but also economic empowerment.
“Youths are the backbone of any nation. When empowered, they become catalysts for innovation and development. This project is aimed to transcend the socio-economic gap and uncover the great potential of our young people,” he said.
Odiba further underlined that the initiative fit with the Federal Government’s larger aim for digital inclusion, economic diversification, and creative capacity-building.
The ministry restated its commitment to ensure that this plan is pushed out with openness, quality, and demonstrable results, establishing Nigeria’s young as active stakeholders in the global economy.
