NYSC and FG Launch Forex Trading Programme for 100K Young Nigerians Yearly

FG Plans to Empower 100,000 Youths Annually Through Forex Trading Skills

Abuja, June 11, 2025 – The Federal Government of Nigeria is set to begin a transformative initiative aimed at empowering 100,000 youths each year with the skills and knowledge needed for trading in the foreign exchange (forex) market.

Background & Training Initiative

While no formal FG-statement on the 100,000-youths target has been officially released, a growing chorus of industry experts, NYSC representatives, and private-sector partners have strongly advocated for integrating forex training into youth development programs. Notably:

• Experts at the recent Forex Millionaire Expo urged the NYSC Skills Acquisition and Entrepreneurship Development (SAED) programme to formally include forex trading, risk management, and financial literacy as key modules .
• Benson Jeffrey, Expo convener, remarked:

“Forex trading offers a substantial opportunity for our youth… not just about earning in foreign currency; it’s about acquiring skills in financial literacy, money management and risk assessment.”.

Private Sector Involvement

Several private academy-led initiatives are already making headway:

• BrightlyFXAcademy, launched in January 2024, aims to equip 100,000 African youths with financial trading education by year-end .
• Forex Portal Academy initiated a five-day free training series earlier this year and trained over 50,000 youths aged 18–35 from Nigeria and beyond.

Why Forex?

Forex trading is championed as a viable path to economic empowerment. Advocates highlight:

• Access to international currencies provides a hedge against naira depreciation.
• Participants gain practical experience in risk management, chart analysis, and portfolio diversification, potentially steering youths away from internet fraud .
• The government’s role in supporting financial literacy, enhancing policy, and facilitating regulated forex market participation is considered crucial by stakeholders .

Looking Ahead

A coordinated approach by the FG—with NYSC and agencies like SAED—alongside partnerships with private forex academies, aims to build a structured, annual training pipeline. This could empower 100,000 young Nigerians each year with forex trading expertise, financial skills, and a resilient mindset against currency volatility.