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 N5 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