The Federal Government of Nigeria has unveiled plans to train 100,000 Nigerian youths annually in foreign exchange (Forex) trading.
The initiative, announced on Tuesday in Abuja, follows the signing of a Memorandum of Understanding (MoU) between the Ministry of Youth Development and Investonaire Academy—the organization selected to implement the program.
Speaking at the event, Minister of Youth Development, Mr. Ayodele Olawande, said the program aims to equip young Nigerians with practical knowledge in Forex trading, risk management, and financial literacy. According to him, the training is designed not just to teach trading techniques but to foster critical thinking, digital skills, and financial independence among participants.
“This partnership is a strategic investment in the future of our youth,” Olawande stated. “By providing them with the tools to navigate the global financial market, we’re unlocking new pathways to wealth creation and sustainable livelihoods.”
Highlighting the importance of the initiative amid Nigeria’s current economic challenges, the minister described the program as a gateway to global economic participation and self-employment.
“This is more than a training program; it is a catalyst for entrepreneurship and innovation,” he added. “We are committed to ensuring the process remains transparent, accountable, and impactful.”
The Ministry emphasized that the Forex training scheme reflects a broader commitment to youth development through skills acquisition, digital empowerment, and access to global opportunities. The program is expected to run annually, with mechanisms in place to track progress and outcomes.
