The Nigerian Exchange Group Plc (NGX Group) has forged a strategic partnership with the National Youth Service Corps (NYSC) to equip over 400,000 corps members annually with financial literacy and investment skills. Flagged off at the Exchange's headquarters, this nationwide sensitization initiative will foster a culture of wealth creation, protect young graduates from fraudulent investment schemes, and integrate them into Nigeria's modern capital market through digital trading platforms.
The Director General, Brigadier General Olakunle Nafiu, disclosed this during a partnership event with the Nigerian capital market in Lagos, describing the collaboration as the beginning of a historic relationship that would create new opportunities for corps members and positively impact their financial future.
Nafiu noted that the annual mobilisation of 400,000 graduates into the scheme presented a significant opportunity to deepen participation in Nigeria's capital market and strengthen the country's investment landscape. He added that the partnership would equip corps members with the knowledge needed to make informed financial decisions and assured capital market stakeholders that corps members would adhere to the rules and regulations governing stock market operations.
The Chairman of the Nigeria Exchange Group, Alhaji Umaru Kwairanga, commended the NYSC for its contributions to nation building since its establishment in 1973, describing the scheme as a cornerstone of national unity, youth development and selfless service.
Kwairanga argued that the strength of any economy was closely tied to the financial empowerment and active participation of its youth, and expressed confidence in the potential of the collaboration to deliver measurable outcomes.
"With its unparalleled reach and connection to young Nigerians across different states and communities, the NYSC provides a unique platform to equip a new generation with the knowledge required to make informed financial decisions, embrace investment opportunities, and contribute meaningfully to economic growth," he stated.
The NGX Chairman noted that investment education extended beyond understanding the capital market and urged young Nigerians to embrace capital market opportunities. He also reaffirmed the NGX Group's commitment to expanding market access through innovation, enhanced disclosure standards, and financial literacy initiatives.
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