In a landmark move set to revolutionize the financial literacy and investment opportunities for Nigerian youth, the National Youth Service Corps (NYSC) has officially partnered with the Nigerian Exchange Group (NGX).
This collaboration aims to equip Corps Members with essential knowledge in stock trading and savings investment, opening doors to the capital market that were previously inaccessible.
The Director General of NYSC, Brigadier General Olakunle Nafiu, underscored the significance of this partnership during his visit to the Nigerian Exchange Group in Lagos, where he also participated in the symbolic Closing Gong Ceremony.
General Nafiu emphasized that this initiative, though long overdue, marks a crucial step for the 53-year-old scheme.
“Today we embrace change, a new relationship that will empower our youths with financial literacy that will open door of investment opportunities previously out of their reach,” stated General Nafiu.
He further added, “This partnership is a commitment to the future by equipping the NYSC to participate in the capital market.”
Alhaji Umaru Kwairanga, Chairman of the Nigerian Exchange Group, warmly welcomed the NYSC Director General, reiterating the Group’s commitment to fostering collaborations within the Nigerian Capital Market ecosystem.
He lauded the NYSC for its pivotal role in promoting national unity and youth development, highlighting the vast financial opportunities available for young Nigerians within the country’s financial landscape.
“We seek immense opportunity in exploring collaboration with the NYSC to advance financial literacy among Corps Members across the country,” Alhaji Kwairanga remarked.
He believes this partnership will significantly enhance the savings culture among youth and encourage individual participation in the nation’s economic growth.
Echoing these sentiments, Mr. Jude Chiemeka, CEO of Nigerian Exchange Limited, informed General Nafiu about the exchange’s extensive portfolio of over 323 listed securities.
He described the Nigerian Exchange as a “frontier market” enjoying considerable goodwill, offering a diverse range of investment options for aspiring investors.
Mr. Chiemeka viewed General Nafiu’s visit as a promising start to a fruitful partnership, noting the exchange’s existing collaborations with renowned stock exchanges globally.
This strategic alliance between NYSC and NGX Group is poised to empower a new generation of Nigerians with the financial acumen needed to navigate and thrive in the capital market, ultimately contributing to more financially inclusive and robust national economy.
