NYSC Partners NGX Group to Promote Financial Literacy and Investment Culture Among Corps Members

The National Youth Service Corps (NYSC) has taken a significant step towards empowering Nigerian youths with financial knowledge through a strategic partnership with the Nigerian Exchange Group (NGX).

The Director-General of NYSC, Brigadier General Olakunle Nafiu, disclosed this during a visit to the Nigerian Exchange Group headquarters in Lagos, where he also participated in the Closing Gong Ceremony.

General Nafiu said the collaboration would expose Corps Members to financial literacy, stock trading, savings, and investment opportunities, enabling them to better understand the workings of the capital market and build a culture of wealth creation.

According to him, the partnership is long overdue and represents a major milestone for the Scheme, which has been in existence for over 53 years.

"Today, we embrace change through a new relationship that will empower our youths with financial literacy and open doors to investment opportunities that were previously out of their reach," he said.

The NYSC Director-General described the initiative as a commitment to the future, noting that it would equip Corps Members with the knowledge and tools needed to participate effectively in Nigeria's capital market.

In his remarks, the Chairman of the Nigerian Exchange Group, Alhaji Umaru Kwairanga, welcomed the NYSC delegation and expressed the group's readiness to deepen collaboration with the Scheme and other stakeholders in the financial sector.

He commended NYSC for its role in promoting national unity and youth development, describing the Scheme as a vital platform for preparing young Nigerians for productive service to the nation.

Kwairanga noted that the Nigerian financial ecosystem offers numerous opportunities that young people can leverage to build sustainable financial futures.

"We see immense opportunities in collaborating with the NYSC to advance financial literacy among Corps Members across the country," he stated.

He added that the partnership would help strengthen the culture of savings and encourage greater participation by young Nigerians in the growth and development of the national economy.

Also speaking, the Chief Executive Officer of Nigerian Exchange Limited, Mr. Jude Chiemeka, revealed that the Exchange currently has more than 323 listed securities, providing a wide range of investment options for prospective investors.

He described the Nigerian Exchange as a frontier market that continues to enjoy significant goodwill and investor confidence.

Chiemeka said General Nafiu's visit marked a promising beginning for a mutually beneficial partnership between NYSC and the Exchange, adding that NGX maintains strategic relationships with several leading stock exchanges around the world.

The partnership is expected to broaden Corps Members' understanding of investment opportunities and foster a generation of financially informed and economically empowered youths.