The National Youth Service Corps has partnered with Nigerian Exchange Group to train Corps members on financial literacy, stock trading and investment.
NYSC Director General, Brigadier General Olakunle Nafiu, announced the initiative during a visit to NGX in Lagos where he also witnessed the Closing Gong Ceremony.
In a statement Caroline Embu, Director, Information and Public Relations, quoted General Nafiu to have said the collaboration between NYSC and the Nigerian Capital Market ecosystem would afford Corps Members to understand the concept of stock business.
He added that partnership was long overdue as it is the right step for the Scheme, having been existing for the past 53 years.
“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”, he said.
“This partnership is a commitment to the future by equipping the NYSC to participate in the capital market”, the DG said.
The Chairman, Nigerian Exchange Group, Alhaji Umaru Kwairanga, who welcomed the Director General to the Nigerian Capital Market assured of the readiness of the group for more collaboration with other market operators.
He commended the NYSC, describing it as a tool for fostering national unity and youth development through its services to the nation.
He added that there are many financial opportunities in the Nigeria financial ecosystem that the youths can benefit from.
“We seek immense opportunity in exploring collaboration with the NYSC to advance financial literacy among Corps members across the country”, he stated.
He also said the collaboration with NYSC will increase savings culture and encourage individual participation in the growth of national economy.
The Chief Executive Officer (CEO) of Nigerian Exchange Limited, Mr Jude Chiemeka, said the exchange has more than 323 listed securities.
He told General Nafiu that the exchange has varieties of options for investors, adding that it is referred to as a frontier market which has enjoyed tremendous goodwill.