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Harnessing the Potentials of Capital Market Trading and Investments as a Mechanism for Entrepreneurship and Sustainable Unemployment Reduction Strategy for University Graduates in Nigeria

Proposed Strategies 1. Initial consultations with sponsor organizations, e.g. Local Government Councils, NGOs and other stakeholders, which will involve a 1–day introductory briefing on the goals and objectives of the project. 2. 5–Day Training Programme.

3. Single corporate trading account set-up and distribution. into mini accounts for management by successful trainees. 4. Continued support and online training for trainees. 5. Transfer of initial income for the set up of new set of trainees.

IMPLEMENTING ORGANISATIONS: 1.

Centre for Regional and International Development

Maidstone, Kent, United Kingdom

2.

4XP Trading and Investments Limited

Frankfurt, Germany

February, 2012


HARNESSING THE POTENTIALS OF CAPITAL TRADING AND INVESTMENTS AS A MECHANISM FOR ENTREPRENEURSHIP AND SUSTAINABLE UNEMPLOYMENT REDUCTION STRATEGY FOR UNIVERSITY GRADUATES IN NIGERIA

1.

Introduction

It is now a fact accepted worldwide, that the rise in global business interactions over the last century has been caused primarily by the networking aspect of human activity. The benefits of technology transfers, export development and international marketing are two-fold: they promote economic growth, and reduce the overall burden of local dependency on one nation to sustaining its population. This proposal is concerned with the ability of using practical capital market mechanisms and knowledge to assist in the realisation of the dream of a sustainable job creation strategy in Nigeria. The purpose is to identify potentially enterprising and analytically sound graduates, especially of, but not limited to, economics, risk management, statistics and business administration background. Develop their capacity to analyse and interpret international economic and financial environments, and thus use knowledge to develop a sound stake in the international capital trading and investment industry, where over 3-4 trillion dollars is being traded on daily basis worldwide The need to reduce unemployment among university graduates in Nigeria and show the opportunities Nigeria can offer to the world, and of course the need to transit toward low-risk versus high-return strategy by incorporation of international marketfriendly approaches to an entrepreneurship and income generation promotion plan, is the overall basis for this proposal.

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2.

The Implementing Organisations

a.

Centre for Regional and International Development (CRID)

CRID, the Centre for Regional and International Development is an international capacity development organisation, specialising in the development of people in governance, especially democratically elected personnel at national, regional and local levels. CRID is regulated by the British Accreditation Council for Independent Further and Higher Education – www.the-bac.org All our capacity development programs are people oriented even those that are highly technical are composed in such a way that they bring out the best in people. CRID offers a narrow, but specifically development related range of programmes to suit the specific needs of a variety of organisations and for individuals at all levels of their public and private sector development. CRID programmes are innovative, comprehensive programmes designed to extend and develop the potential of key managers and leaders within an organization, especially the democratically elected or appointed personnel. Materials detailing our activities and programmes are available online at www.crid.co.uk For the sole purpose of this proposal, a certified CRID trainer will be working closely with 4XP to provide a sound bespoke training in capital market trends analysis to selected trainees according to standards set by the sponsors of this project.

b.

4XP Trading and Investments Limited

4XP was founded by a group of retail ended entrepreneurs and capital market dealers with a combined expertise in both online and offline trading. The founders’ primary focus was to create a Capital Market Broker that would be a model of "par excellence. Our focus has been and will continue to be honesty, integrity and professionalism". 4XP is based in Germany, with offices in Israel, Norway, Spain, Italy, Turkey, Canada, China and Russia. In order to provide the best possible Capital Market trading experience for online

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traders, 4XP has set the highest attainable goals. Our vision is to be the world's leading independent commercial Capital Market company. Our devoted and qualified team is committed to the various needs of our clients, providing them with high quality and cost effective professional services. 4XP provides currency traders with commissionfree, tight pip spreads, as well as online real time market prices. We have developed strong relationships with the world's leading banks and are therefore able to provide our customers with the most competitive rates around. 4XP provides its traders with direct access to trade in the Capital Market through the world's leading, most advanced and user-friendly online trading platform: Meta Trader 4. We constantly update our website with unique, daily and weekly market commentary and provide up-to-date economic calendar releases. We house a 24 hour trading room where clients are able to exchange ideas and strategies, as well as learn from our affiliated online experts. 4XP supports online trading via download, web or mobile phone trading. Our clients can therefore choose which type of trading best suits their specific needs. 4XP stands by to assist its clients, particularly new trainee traders as in this proposal. Our highly committed multilingual staff provides our clients with efficient, friendly and professional service.

3.

Proposed Strategies

Strategies to be used to attain the objectives of this proposal will involve the following: 1. Initial consultations with corporate sponsor, which will involve an introductory briefing/training This aspect of the proposal is to create a forex trading and investment strategy, which provides a systematic framework for developing future, thereby enhancing the delivery capacities of the capital and investmentl industry. It will identify the range of management personnel and stakeholders who are more likely to successfully utilize the goals of the training programme for increased performance and productivity. It is meant to help redirect the focus of stakeholders in the subject matter, and aims to achieve visible and measurable change in behaviour, practices, attitudes and performance of everyone involved.

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The 1-day programme is proposed to bring all stakeholders, as identified by sponsor, from the sponsor’s geographical region together to brainstorm on this topic – “Harnessing the Potential of Capital Trading and Investments as a Mechanism for Entrepreneurship and Sustainable Unemployment Reduction Strategy for University Graduates in Nigeria”. We propose that the programme takes place at the

sponsor’s facility. The representatives of CRID and 4XP will be available there, prior to start of the 5 day training. It will be necessary that the sponsor organisation bear the cost of our facilitators’ transportation, accommodation and lodging in Nigeria during the training period.

2. 5–Day Training Programme proposed for a local location to be agreed. The outcome of the introductory training is designed to translate into identification of potential participants in the comprehensive 5-day programme in “A Comprehensive Training in Development and Management of Profitable Foreign Exchange (Forex) Trading using the 4XP Trading Platform”. This training programme is designed to present the basic concept and theories of developing and implementing a low-risk versus high-return strategic risk management process, and to give a brief history, along with an explanation of why capital trading operations fail and the available alternative strategies. We propose that the training programme takes place in the sponsors facility as approved. We propose an initial number of 20-30 unemployed graduates, from which 10 will be selected based on ability to develop analytic skills discussed during training. A transparent approach will be used such that the unsuccessful trainees will not feel disappointed, but rather will be challenged to push further to succeed in subsequent future sessions.

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3. 4XP trading account set-up by the sponsor organisation for management by the approved trainees The purpose for this is to identify the potential account managers of the corporate account set up by sponsor organization. The strategies to be adopted is such that a single $20.000.00 corporate trading account will be set up for the sponsor, and this will be distributed into 20 mini accounts to be managed by approved trainees. They will have been trained and considered to have developed initial adequate risk and fund management skills to start managing the mini accounts. They will use both developed skills and that of professional traders around the globe to attain income generation objectives of this proposal. 4. Follow-up support arrangement for successful trainees. Continuous further training will be provided to the 10 selected trainees at the advanced level, such that they will be able to improve their economic analytic capacity. There is the option of further training to become an expert advisor, which is completely optional and beyond the scope of this proposal. 5. 4XP trading account set-up by the sponsor organisation for management by the approved trainees This aspect will ensure that the sustainability goal of this proposal is attained. The initial profit generated by each mini account will be divided into two, one part for graduate trainee as income and the other part will provide the basis for a revolving capital base for the repeat of stages 1 – 4 above. As soon as the initial capital base is attained by each mini account, then the total income generated can serve as a means of regular income for the account managers.

4.

Conclusion

CRID will provide a report that will form the basis for identifying practical mechanisms and strategies for promoting and implementing the use of capital market parameters to facilitate the pursuance of unemployment reduction amongst university graduates within the geographical zones of project sponsors.

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The report will essentially be based on a desk study which should as far as possible be regional in scope, though focusing on the Nigeria scenario, with consultation from all relevant stakeholders and partakers in the complete proposed strategies, as illustrated. More specifically, CRID and 4XP will: 1. Provide an initial introductory training for larger group of persons as selected by the sponsor organisation. 2. Review capital trading operations in Nigeria (and elsewhere in the region) highlighting the nature of the various arrangements. The review would be in the form of case studies highlighting the main features undertakings by the capital investment industry, identifying the characteristics which make the capital marketing effective and sustainable.

3. Provide a comprehensive 5-day programme to approved trainees, who have the potential to be creative and spearhead a new breed of capital market traders.

4. Prepare a final report incorporating feedback from the stakeholders meeting, which will translate into the setting up of a steering committee to kick start project.

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Trading and Investments