The Federal Government of Nigeria has signed a strategic Memorandum of Understanding (MoU) with Investonaire Academy to train 100,000 young Nigerians each year in foreign exchange (Forex) trading.
In a statement released on Tuesday by the country’s Ministry of Information and National Orientation, the initiative is set to equip Nigerian youth with practical skills in forex, risk management, and financial planning.
The Ambition
Honourable Minister of Youth Development, Comrade Ayodele Olawande, while speaking on the potential of teaching young Nigerians forex, noted that it’s important for the youth bloc to join the government in building wealth and creating value.
”This partnership reflects our strategic vision for sustainable youth development,” the Minister said. “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.”
According to Olawande, the initiative is expected to provide youth a credible route to financial independence.
”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 said.
Backbone of the Nation
Representing Investonaire Academy, Dr. Enefola Odiba, International Programme Director, described the youth bloc as a backbone of any nation.
In his remarks, he further highlighted the socio-economic gap facing many Nigerians.
“Youths 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,” he said.
Potential Impacts of Forex Trading on Nigeria’s Economy
A research conducted by this correspondent revealed that by empowering the youths with Forex trading knowledge and skills, Nigeria could unlock a new wave of economic potential including;
- Providing Nigerian youths with access to financial markets and instruments, promoting financial inclusion and broadening their economic opportunities.
- Empowering youths to create their own businesses or work as traders, analysts, or consultants, generating employment opportunities and contributing to the country’s economic growth.
- Equipping youths with digital literacy, analytical thinking, and problem-solving skills. By acquiring these skills, Nigerian youths can become more competitive in the global job market and contribute to the country’s digital economy.
- Providing Nigerian youths with an alternative source of income, reducing dependence on traditional employment and promoting economic resilience.
- Helping Nigerian youths take control of their financial futures, create wealth, and contribute to the country’s economic growth and development.
About Investonaire Academy
After conducting a thorough search, our team has been unable to find any substantial information about Investonaire Academy.
Aside from their numerous media mentions in news items of partnering with the Nigerian government to train 100,000 young Nigerians in Forex trading, our search on Google, LinkedIn, and Twitter about the company did not return with a clue or public profile.
Investonaire Academy is probably new and may just be building its digital footprint. Whenever we come across a proper profile, we sure will update this article.
Forex Trading FAQs
Is Forex trading gambling?
No, Forex trading is not necessarily gambling. While it involves risk and uncertainty, trading in the Forex market requires knowledge, skills, and analysis to make informed decisions.
Unlike gambling, Forex trading involves technical and fundamental analysis to predict market movements. However, it’s essential to note that lack of education, and impulsive decisions can lead to significant losses.
How much money do I need to start Forex trading?
The amount of money needed to start Forex trading varies depending on the broker, trading strategy, and personal financial situation. Some brokers offer micro accounts with minimal deposits, such as $10 or $100.
Others may require more substantial deposits. It’s essential to start with an amount you can afford to lose and gradually increase your investment as you gain experience and confidence.
Is Forex trading legal in Nigeria?
Yes, Forex trading is legal in Nigeria. The Central Bank of Nigeria (CBN) regulates financial markets, including Forex. However, it’s crucial to trade with licensed and regulated brokers to ensure your investments are protected.
Some Nigerian brokers are licensed by the CBN or international regulatory bodies. Always research and verify a broker’s credentials before investing.
SIDE NOTES —Story Updates
Monday, June 16, 2025 —Exactly five (5) days after this publication, the founder and CEO of Fintivio, simply identified as Edgar I —who is connected with the project reached out to Techparley on via LinkedIn to provide a brief and the supposedly missing digital footprint —a dedicated website built for the Forex Training project.
Edgar, in the note, shared both website and registration links for inclusion into this post.
Tuesday, June 17, 2025 —By way of updating the public, Edgar took to his LinkedIn page to announce progress recorded with the project.
Attaching a screenshot of the website dashboard as proof, he expressed the team’s excitement to see the project welcoming over 2000 registrations in less than 48 hours.
The post reads, “Exciting traction at Investonaire — Nigeria’s first youth-focused financial markets training academy – in partnership with the Federal Ministry of Youth & Sports Development, Nigeria. and FXTM (ForexTime) .
“We’ve already seen over 2,000 student registrations in under 48 hours, without an official launch or any marketing yet. We’re incredibly excited about what’s to come with our official launch event in Abuja, as we begin to tap into the Ministry’s national database and partner with other ministries and youth-focused non-profit organizations.
“Together with Hunter Levien and Kirill Bosov, we’ve been building a cutting-edge LMS that uses gamification to keep students engaged and passionate about learning financial markets.
“Big thanks to Sebastien Sicre for bringing us into this impactful project.”
How To Apply: To join others showing interest, Apply here
