The Federal Government of Nigeria has formalized a partnership with Investonaire Academy through the signing of a Memorandum of Understanding (MoU) to train 100,000 young Nigerians each year in foreign exchange (forex) trading. The initiative is part of ongoing efforts to reduce unemployment, promote financial literacy, and boost digital inclusion among the nation’s youth.
The agreement, signed on Monday in Abuja, was announced in a statement released Tuesday by Omolara Esan, Director of Information and Public Relations at the Federal Ministry of Youth Development.
Under the terms of the MoU, participating youths will gain hands-on training in forex trading, risk management, and financial education; equipping them with the tools to engage effectively in the global financial market.
Minister of Youth Development, Ayodele Olawande, described the collaboration as a key component of the government’s broader vision for youth empowerment through digital and entrepreneurial initiatives.
“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 stated.
The ministry further highlighted the importance of the program in addressing economic challenges by creating sustainable pathways to financial independence and entrepreneurial growth.
“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,” the minister added.
Dr. Enefola Odiba, International Programme Director at Investonaire Academy, expressed confidence in the long-term impact of the initiative, emphasizing its dual focus on skill-building and 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.
Dr. Odiba also noted that the program supports the Federal Government’s wider objectives of digital innovation, economic diversification, and inclusive capacity development.
The Ministry of Youth Development reaffirmed its dedication to implementing the initiative with transparency and measurable success, positioning Nigeria’s young population as vital contributors to the evolving global economy.