The National Youth Service Corps (NYSC) has announced a new partnership with the Nigerian Exchange Group (NGX) aimed at helping Corps Members gain knowledge of financial literacy, stock trading, savings, and investment opportunities.
The Director-General of NYSC, Brigadier General Olakunle Nafiu, disclosed this during a visit to the Nigerian Exchange Group in Lagos, where he also participated in the Closing Gong Ceremony.
Speaking on the partnership, General Nafiu said the collaboration would give Corps Members a better understanding of how the stock market operates and create opportunities for them to learn about investing.
According to him, the partnership is a significant step for the scheme and one that has been long overdue despite NYSC’s more than five decades of existence.
“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”, the DG said.
“This partnership is a commitment to the future by equipping the NYSC to participate in the capital market”, the DG said.
General Nafiu noted that the initiative is designed to prepare young Nigerians for a financially responsible future by exposing them to investment opportunities within the capital market.
The Chairman of the Nigerian Exchange Group, Alhaji Umaru Kwairanga, welcomed the NYSC Director-General and expressed the group’s readiness to strengthen collaboration with the scheme and other stakeholders in the financial sector.
He commended NYSC for its role in promoting national unity and youth development through its programmes and services across the country.
Kwairanga stated that Nigeria’s financial ecosystem offers numerous opportunities that young people can take advantage of to build wealth and secure their future.
“We seek 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 encourage a stronger savings culture among young Nigerians and increase their participation in activities that contribute to national economic growth.
Also speaking, the Chief Executive Officer of Nigerian Exchange Limited, Mr Jude Chiemeka, revealed that the exchange currently has more than 323 listed securities available to investors.
He explained that the Nigerian Exchange offers a wide range of investment options and has continued to attract goodwill as one of the leading frontier markets.
Chiemeka described General Nafiu’s visit as a positive step towards building a productive partnership with the NYSC. He also noted that the exchange maintains collaborations with several reputable stock exchanges around the world.
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