In a decisive move to combat youth unemployment and promote economic empowerment, the Federal Government of Nigeria has entered into a landmark agreement with Investonaire Academy to train 100,000 young Nigerians each year in foreign exchange (Forex) trading and financial literacy.
The Memorandum of Understanding (MoU), signed in Abuja, outlines a comprehensive program aimed at equipping Nigerian youths with hands-on skills in Forex trading, financial management, and digital entrepreneurship—key tools for navigating today’s evolving financial ecosystem.
Speaking at the event, the Minister of Youth Development, Comrade Ayodele Olawande, emphasized that the initiative is part of the Ministry’s broader efforts to create sustainable avenues for youth empowerment through innovation, skills development, and access to global markets.
“This collaboration is more than just a training program—it’s an investment in the future of our youth,” Olawande said. “We are focused on nurturing a generation of critical thinkers and digital-savvy entrepreneurs who can take advantage of global economic trends and become wealth creators.”
The Minister stressed that amid Nigeria’s current economic challenges, practical programs like this offer a pathway to self-sufficiency and long-term economic resilience. He also commended Investonaire Academy for its commitment to youth advancement and capacity building.
Representing the Academy, Dr. Enefola Odiba, International Programme Director, expressed confidence in the impact of the initiative. He highlighted the importance of equipping young people with skills that can transform their economic prospects and contribute to national development.
“Nigerian youth are full of untapped potential,” Dr. Odiba noted. “With the right tools and support, they can become innovators, digital leaders, and key drivers of economic transformation. This program is designed to close existing knowledge gaps and prepare them for global participation.”
He added that the initiative aligns with the government’s push for digital inclusion, economic diversification, and scalable skills training for young people across all regions.
The Ministry concluded by assuring the public that implementation will be monitored for effectiveness, with a focus on accountability, measurable outcomes, and long-term impact. The goal is to position Nigeria’s youth as globally competitive players in the digital economy.
