FG Backs Forex Training to Tackle Youth Unemployment

The Nigerian government is shifting to foreign exchange to empower the next generation. In a fresh move to fight unemployment and promote financial inclusion, the Federal Ministry of Youth Development has signed a Memorandum of Understanding with Investonaire Academy to train 100,000 young Nigerians annually in forex trading.

Announced on Tuesday in a statement signed by Omolara Esan, the ministry’s Director of Information and Public Relations, the partnership will provide training in forex, risk management, and financial literacy. The aim is to equip Nigerian youths with skills needed to thrive in the global digital economy.

Speaking during the MoU signing in Abuja, Minister Ayodele Olawande described the initiative as a long-term investment in digital entrepreneurship. “This partnership reflects our strategic vision for sustainable youth development,” he said. “Beyond trading, we’re teaching our youths to think critically, embrace digital tools, and seize global opportunities.”

Bridging Skills and Opportunity

The forex training initiative is part of a wider national push to arm young Nigerians with tech-savvy and entrepreneurial tools that can generate wealth and economic resilience. Olawande stressed the programme’s significance during times of uncertainty. “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 noted.

On his part, Dr Enefola Odiba, International Programme Director at Investonaire Academy, described the programme as a bridge between potential and opportunity. “Youths are the backbone of any nation. When empowered, they become catalysts for innovation and growth,” he said.

Odiba added that the plan aligns with Nigeria’s broader goals of digital inclusion and economic diversification. The training, he explained, goes beyond charts and currencies — it aims to equip participants with a mindset for innovation and long-term financial stability.

The ministry also confirmed its intention to roll out the training with transparency and measurable impact. With this commitment, Nigeria hopes to transform its large youth population into a thriving force in the global financial space.