By FRANCA OFILI

The Federal Government has signed a Memorandum of Understanding (MoU) with Investonaire Academy to train 100,000 young Nigerians each year in the dynamic field of foreign exchange (Forex) trading.

Mr Ayodele Olawande, Minister of Youth Development, said during the ceremony in Abuja on Tuesday that the partnership was a bold initiative aimed at tackling youth unemployment and promoting financial inclusion.

Olawande said the programme sought to equip youths with practical skills in forex trading, risk management, and financial planning, empowering them to thrive in the global financial marketplace.

He described the collaboration as a major milestone in the ministry’s mission to drive youth empowerment through capacity development, innovation, and access to transformative opportunities.

“This partnership reflects our strategic vision for sustainable youth development.

“Beyond trading, we’re teaching our youth to think critically, embrace digital skills, and seize global opportunities to build wealth and add value to the Nigerian economy,” he said.

Highlighting the importance of such initiatives amid economic uncertainty, Olawande emphasised that it provided a credible path 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.

The minister reaffirmed the ministry’s commitment to rolling out the initiative with transparency, excellence, and tangible results, positioning Nigerian youth as active players in the global economy.

Dr Enefola Odiba, International Programme Director, Investonaire Academy, expressed optimism about the collaboration.

He highlighted the socio-economic challenges facing many young Nigerians and noted that empowering them with financial literacy and digital skills was a strategic solution.

“Youth are the backbone of any nation. When empowered, they become catalysts for innovation and growth.

“This initiative is designed to bridge the gap and unlock the immense potential of our young people,” Odiba said.

He reiterated that the training programme supported the federal government’s broader agenda of digital inclusion, economic diversification, and innovative skills acquisition. (NAN)