FG to train 100,000 youths annually in financial literacy, risk management

The Federal Government has signed a Memorandum of Understanding with Investonaire Academy to train 100,000 young Nigerians every year in foreign exchange trading, as part of efforts to tackle unemployment and drive financial inclusion.

This was contained in a statement on Tuesday, signed by the Federal Ministry of Youth Development’s Director of Information and Public Relations, Omolara Esan.

The MoU, which was sealed on Monday in Abuja, would see Nigerian youths equipped with practical skills in forex trading, risk management, and financial literacy.

Speaking at the signing, the Minister of Youth Development, Ayodele Olawande, described the initiative as a strategic step toward empowering young people with digital and entrepreneurial skills that can yield long-term benefits for both individuals and the economy.

“This partnership reflects our strategic vision for sustainable youth development. Beyond trading, we’re teaching our youths to think critically, embrace digital tools, and seize global opportunities to build wealth and contribute meaningfully to the Nigerian economy,” Olawande said.

According to the statement, the minister emphasised that in a time of economic uncertainty, initiatives like this provide a credible route to financial independence and entrepreneurial resilience.

“This MoU is not just a formality. It is a commitment to action. We will ensure transparent, measurable outcomes that genuinely impact the lives of young Nigerians,” he added.

In his remarks, the International Programme Director of Investonaire Academy, Dr. Enefola Odiba, expressed optimism about the collaboration, noting that it targets not just skill acquisition but also economic empowerment.

“Youths are the backbone of any nation. When empowered, they become catalysts for innovation and growth. This initiative is designed to bridge the socio-economic divide and unlock the immense potential of our young people,” he said.