Unemployment: FG to train 100,000 youths annually in forex trading

The Federal Government has announced plans to train 100,000 Nigerian youths each year in foreign exchange (Forex) trading as part of efforts to reduce youth unemployment and promote financial inclusion.

Minister of Youth Development, Mr. Ayodele Olawande, disclosed this on Tuesday during the signing of a Memorandum of Understanding (MoU) with Investonaire Academy—the firm selected to handle the training—in Abuja.

Olawande stated that the initiative will equip young Nigerians with hands-on skills in forex trading, risk management, and financial planning, positioning them to compete in the global financial market.

He described the partnership as a key step toward empowering Nigerian youth through skill acquisition, innovation, and access to global economic opportunities. “This collaboration reflects our strategic vision for sustainable youth development,” he said.

ALSO READ: CBEX ponzi scheme reportedly resumes operations, demands $200 to recover lost funds

We’re not just teaching trading—we’re cultivating critical thinking, digital competence, and wealth-building skills that can contribute meaningfully to the economy.”

Emphasizing the relevance of the program in light of ongoing economic challenges, the minister noted that it offers a viable path to financial independence and entrepreneurship. “This MoU is a commitment to real action,” he added.

“We will ensure the process is transparent, result-oriented, and impactful for our youth.” He reaffirmed the ministry’s dedication to delivering the program with excellence and accountability, aiming to position Nigerian youth as competitive players in the global economy.