FG Plans to Empower 100,000 Youths Annually in Forex Trading

The Federal Government (FG) of Nigeria has announced a bold plan to empower 100,000 youths annually in forex trading. This initiative aims to tackle the persistent problem of youth unemployment and promote financial inclusion across the country. The government recently signed a Memorandum of Understanding (MoU) with Investonaire Academy in Abuja to make this vision a reality.

The FG to empower 100,000 youths in forex trading by providing them with practical skills in foreign exchange trading, risk management, and financial planning. These skills are designed to help young Nigerians actively participate in the global financial market and build wealth. According to Omolara Esan, Director of Information and Public Relations at the Federal Ministry of Youth Development, this program reflects the commitment of the Bola Tinubu administration to youth empowerment and economic growth.

At the signing ceremony, the Minister of Youth Development, Ayodele Olawande, emphasized that the FG to empower 100,000 youths annually in forex trading is part of a broader strategy to equip young people with digital and entrepreneurial skills. He noted that the training goes beyond just forex trading; it encourages critical thinking, digital literacy, and the ability to seize global economic opportunities. The minister described the initiative as a credible path to financial independence and resilience, especially during uncertain economic times. He also assured that the program will be transparent and deliver measurable outcomes that genuinely improve the lives of Nigerian youths.

FG to empower 100,000 youths annually in forex trading

Dr. Enefola Odiba, International Programme Director at Investonaire Academy, praised the partnership, highlighting that empowering youths with financial literacy and digital skills is essential to bridging socio-economic gaps. He described the FG to empower 100,000 youths in forex trading as a strategic move that supports the government’s goals of economic diversification, digital inclusion, and innovative skills acquisition. Dr. Odiba stressed that when young people are equipped with the right tools, they become catalysts for national development and economic growth.

Youth unemployment remains a major challenge in Nigeria. The National Bureau of Statistics reported a youth unemployment rate of 8.6% in the third quarter of 2023, with underemployment and the number of youths not in employment, education, or training (NEET) also posing significant issues. The FG plan to empower 100,000 youths annually in forex trading is seen as a practical solution to these challenges by providing young Nigerians with skills that can generate income and foster entrepreneurship.

This initiative aligns with other government efforts to boost digital skills and economic participation among youths. For example, the Federal Ministry of Innovation, Science and Technology recently launched a free Artificial Intelligence (AI) Academy to prepare Nigerians for the global digital economy. Together, these programs aim to position Nigeria’s youth as active and competitive players in the global financial and digital markets.

The FG plan to empower 100,000 youths annually in forex trading is a significant step toward addressing youth unemployment and promoting financial literacy. By partnering with Investonaire Academy, the government is providing young Nigerians with valuable skills that can help them build wealth, achieve financial independence, and contribute meaningfully to the nation’s economy. This program promises transparency, measurable impact, and long-term benefits for both individuals and the country as a whole.

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