Quote from: promise444c5 on June 27, 2025, 05:25:06 PM

Quote from: Juicyhome on June 27, 2025, 12:17:09 PM

Nigerian government are just a confused one, you want to train youth in Forex trading while you banned cryptocurrencies in the country, in the security agencies see those in forex traders as fraudsters, i think for them to have an effecting training the government should lift he ban on crypto and orient the police on the status of a forex traders.

Foreign exchange trading (Forex trading ) is different form Crypto trading.. while they already lift the ban on crypto they still don’t allow fiat account having traces of crypto related trading(keep that in mind).
Indeed they are confused , not in what you mentioned but in part of setting priorities, it’s a good initiative but not really what should be placed as priority in digital space, we have other sectors like training the youths to equip them with strong skills to improve digital sectors like strong cyber defenses, payment systems, e- government and so many more.. they can even look into startups that could be beneficial to the country at large, place them under radar for support and motivation…there are just tons of things that could be look into in the digital space other than Forex.

Trust me when I say this is an effort from the side of the ministry and government to squander government resources because this proposition doesn't sound realistic but an avenue to justify the ministry spending. How do you declare your intention to train 100,000 young adults in forex trading when you have no records of trading even 1,000 of them. It sounds sweet and bold to have mentioned such a huge number but to be realistic to ourselves how many of these uncountable empowerment schemes have been lunched by the government and dies off after they taking fine fine photographs and huge money spent. This one now, you go soon hear breaking news.. federal government allocates 100 billion naira to the ministry to carry out this initiative, but with zero accountability or further information afterwards. Naija my country.