NYSC Partners NGX to Deepen Financial Literacy

The National Youth Service Corps (NYSC) has entered into a partnership with the Nigerian Exchange Group (NGX Group) to promote financial literacy, savings culture and investment awareness among corps members across the country.

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

Nafiu said the collaboration would expose corps members to opportunities in the capital market and equip them with practical knowledge of stock trading, investment and wealth creation.

According to him, the initiative is designed to broaden the financial knowledge of young Nigerians and prepare them to make informed investment decisions.

The NYSC boss described the partnership as a significant step for the scheme, noting that it comes more than five decades after the establishment of the corps.

“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.

Nafiu added that the collaboration reflects a commitment to the future by giving corps members the knowledge and confidence needed to participate in the capital market.

“This partnership is a commitment to the future by equipping the NYSC to participate in the capital market,” he stated.

Speaking at the event, Chairman of the Nigerian Exchange Group, Umaru Kwairanga, welcomed the NYSC delegation and expressed readiness to deepen cooperation with the scheme and other stakeholders.

He commended the NYSC for its contributions to national unity and youth development, describing it as one of Nigeria’s enduring nation-building institutions.

Kwairanga noted that the country’s financial ecosystem offers numerous opportunities that young people can leverage to build wealth and contribute to economic growth.

“We see immense opportunity in exploring collaboration with the NYSC to advance financial literacy among corps members across the country,” he said.

He added that encouraging young people to save and invest would not only improve their personal finances but also support broader economic development.

Also speaking, the Chief Executive Officer of the Nigerian Exchange Limited, Jude Chiemeka, said the exchange currently hosts more than 323 listed securities, providing a wide range of investment opportunities for individuals and institutions.

He explained that the Nigerian capital market offers diverse investment products and continues to attract interest as a frontier market with growing potential.

Chiemeka described the visit by the NYSC Director-General as a positive step towards building a long-term partnership that would benefit Nigerian youths.

He further noted that the Nigerian Exchange maintains strategic relationships with several leading stock exchanges around the world, creating additional opportunities for growth and market development.

Stakeholders at the event expressed optimism that the partnership would help improve financial inclusion among young Nigerians and encourage greater participation in the capital market.