The Federal Government (FG) has revealed its collaboration with Investonaire Academy to provide training for 100,000 youths each year in forex trading, as a measure to address unemployment in the nation.
On Tuesday, the Director of Information and Public Relations at the Federal Ministry of Youth Development, Omolara Esan, made this disclosure in a statement.
The initiative comes after the signing of a Memorandum of Understanding (MoU) between the Federal Government and Investonaire Academy on Monday in Abuja.
The agreement stipulates that young Nigerians will undergo practical training in forex trading, risk management, and financial literacy, equipping them to engage actively in the global financial markets.
Speaking at the signing ceremony, the Minister of Youth Development, Ayodele Olawande, described the program as a strategic move to empower youths with digital and entrepreneurial skills that can transform both individual lives and the nation’s economy.
“This partnership reflects our strategic vision for sustainable youth development,” Olawande said. “In addition to trading, we are guiding our youth to develop critical thinking skills, adopt digital tools, and take advantage of global opportunities to create wealth and make significant contributions 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 represents a dedication to taking 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 mentioned that the program aims not only to educate individuals on forex trading but also to foster overall economic empowerment.
Youths serve as the foundation of any nation. When given the right support, they transform into drivers of 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.