Abuja, June 10, 2025 – In a bold step toward curbing youth unemployment and promoting financial inclusion, the Federal Government of Nigeria has signed a Memorandum of Understanding (MoU) with Investonaire Academy to train no fewer than 100,000 young Nigerians every year in foreign exchange (forex) trading.
The landmark agreement, which was sealed in Abuja, underscores the government’s commitment to equipping Nigerian youths with modern, high-income digital skills that align with the fast-evolving global economy. Through this initiative, beneficiaries will receive training in forex trading, risk management, technical analysis, and financial discipline.
Speaking at the signing ceremony, a senior government official representing the Ministry of Youth Development described the programme as a strategic response to the growing unemployment rate in the country. “We are determined to empower Nigerian youths with skills that offer not just local, but global relevance. Forex trading is one of such areas that can unlock economic independence for young people,” the official stated.
Investonaire Academy, a leading training institution with a track record in financial markets education, expressed its readiness to deploy both in-person and virtual learning platforms to reach youths across the six geopolitical zones. The Academy’s Managing Director noted that the initiative will also include mentorship and access to global trading platforms, giving participants a real-time market experience.
“This is not just about training; it’s about creating sustainable opportunities. We will support participants with tools, guidance, and exposure that can help them succeed as independent traders or work with financial institutions,” he said.
The MoU outlines a phased training schedule, beginning with an initial batch of 10,000 trainees in the pilot phase, to be scaled up in subsequent months. Participants will be selected based on merit, regional representation, and commitment to learning.
Economic analysts have welcomed the move, noting that if properly monitored, the initiative could reduce reliance on white-collar jobs and boost the digital economy. However, they caution that adequate regulation and financial literacy must be embedded into the programme to protect young traders from the volatility and risks associated with forex markets.
The Federal Government reiterated that the training is free of charge for selected participants and urged young Nigerians to take full advantage of the opportunity to become financially self-reliant in a global economy increasingly shaped by digital skills.
