The National Youth Service Corps (NYSC) has initiated a partnership with the Nigerian Exchange Group (NGX) aimed at exposing Corps Members to financial literacy, stock trading, savings, and investment opportunities.
According to an official signed statement by the Director, Information and Public Relations, NYSC, Caroline Embu, the Director General of NYSC, Brigadier General Olakunle Nafiu, disclosed this during a visit to the Nigerian Exchange Group, where he also participated in the Closing Gong Ceremony in Lagos.
Brigadier General Nafiu said the collaboration between the NYSC and the Nigerian capital market ecosystem would provide Corps Members with a better understanding of stock market operations and investment opportunities.
He described the partnership as a long-overdue initiative and a significant step forward for the Scheme, which has been in existence for 53 years.
“Today we embrace change, a new relationship that will empower our youths with financial literacy that will open doors of investment opportunities previously out of their reach,” he said.
The NYSC Director General noted that the partnership reflects a commitment to securing the future of Nigerian youths by equipping them with the knowledge and skills required to participate effectively in the capital market.
Speaking during the visit, the Chairman of the Nigerian Exchange Group, Alhaji Umaru Kwairanga, assured the NYSC of the group’s readiness to strengthen collaboration with the Scheme and other stakeholders within the capital market.
He commended the NYSC for its role in promoting national unity and youth development through its various programmes and services to the nation.
Kwairanga observed that the Nigerian financial ecosystem offers numerous opportunities that young people can leverage to build wealth and contribute to national development.
“We see immense opportunity in exploring collaboration with the NYSC to advance financial literacy among Corps Members across the country,” he stated.
He added that the partnership would help promote a savings culture among Nigerian youths and encourage broader participation in the growth of the national economy.
Also speaking, the Chief Executive Officer of Nigerian Exchange Limited, Mr. Jude Chiemeka, disclosed that the exchange currently has more than 323 listed securities, offering investors a wide range of opportunities.
He informed the NYSC Director General that the exchange provides diverse investment options and remains a frontier market that continues to attract significant goodwill from investors.
Chiemeka described Brigadier General Nafiu’s visit as a positive step towards building a mutually beneficial partnership between the NYSC and the Nigerian capital market.
He further noted that the Nigerian Exchange maintains strategic partnerships with several leading stock exchanges across the world, creating additional opportunities for growth and investment.
