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Firm targets to lift 100,000 youths from poverty through forex trade, digital marketing

As part of efforts by the private sector to reduce poverty in Nigeria, a private business firm, Activecode Business Hub, has concluded plans to lift 100,000 youths out of poverty through forex trade and digital marketing.

This was disclosed by the CEO of the firm, Theophilus Ogumbe, in Calabar, Cross River State, during a media chat with journalists.

According to him, the initiative could change the lives of millions of individuals and in the process change the country for the better through Fx market, blockchain technology and ICT skills.

“What we are targeting in Cross River State and beyond is to empower 100,000 youths on forex trading before the year runs out so that they can generate additional sources of income,” Ogumbe said.

“We hope the youths can leverage themselves from the current situation right now and better their lot. We are positive Africa and Nigeria can reduce their level of unemployment and fight poverty if potentials in the foreign exchange market, blockchain technology and ICT are fully explored.

“With the transfer of knowledge and needed skill set to Nigerians on the opportunities in the market coupled with media and ICT knowledge unemployment will be dealt with,” he said.

He said thus far, over 7,000 persons have been educated on forex and digital marketing and the next phase of the training which commences later this month will take place in a number of states across the country.

He called on the government to look into existing blockchain technology across the world, regulate and guide blockchain technology, forex trading and ICT to help business entities to be globally networked.

He emphasised that the blockchain and FX market in Nigeria is a growing market, mainly unexplored for the time being but with the level of funding in the market, the level of unemployment can be drastically reduced because, according to him, the market gives the stakeholders something they can use an alternative source of income and opportunity for employment.

He stressed that the training, which is free, was to give back to the society by helping to curb unemployment.

Also speaking, the director, branding and marketing, Kelvin Akparanta, said the foreign exchange market and digital marketing with ICT still remained largely unexplored in Nigeria and that it’s the new oil.

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