The newly licenced Lagos Commodities and Futures Exchange (LCFE) is targeting 10 million Nigerian youths for empowerment as commodities traders under its proposed seamless capacity building.
The Exchange shall leverage on its state-of-the-earth technology to attract millennials and those in the group of Generation Z to the commodities and futures exchange ecosystem as future operators.
LCFE’s Managing Director, Mr Akin Akeredolu-Ale, confirmed the plan during the ringing of the opening bell on The Exchange in commemoration of 2020 World Investment Week (WIW) which focuses on financial literacy.
“LCFE is interested in introducing and attracting the younger generation no fewer than 10 million millennials and Generation Z to the capital market by creating awareness about these products and becoming professionals in commodities and futures trading. That is why LCFE is passionate about financial literacy.
The listing of commodity contracts and commodity-backed commercial papers for capital raising on a commodities exchange by stakeholders of the commodities ecosystem is one of many ways that new and existing investors of the capital market can participate.
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