The Federal Government has introduced YouthCred, a new credit scheme that allows gainfully employed Nigerian youths (18-39 years) to access affordable loans of up to ₦5 million through the Nigerian Consumer Credit Corporation (CREDICORP).
The programme is designed to help young workers overcome financial challenges, improve productivity, and build a formal credit history without falling into the hands of loan sharks or unregulated lenders.

Who can apply?
Employed youths in the public or private sector

Loan amount:
Up to ₦5 million

Interest rate:
Low and affordable (government-backed)

Repayment method:
Structured repayment with salary reduction.

Why it matters:
YouthCred provides a safer, transparent alternative to high-interest loan apps and informal lenders.

Link to apply: youthcred.com