The Federal Government has rolled out YouthCred, a national consumer credit programme designed for Nigerians aged 18 to 39, including members of the National Youth Service Corps (NYSC), to help them access loans more easily and improve their financial knowledge.
The scheme, which is part of President Bola Ahmed Tinubu’s Renewed Hope Agenda, offers low-interest, collateral-free loans without the need for guarantors. It is managed by the Nigerian Consumer Credit Corporation (CREDICORP).
The National Orientation Agency (NOA) announced the programme in a post on the social media platform X on Friday.
Launched in July 2025, YouthCred has already reached its 1,000th beneficiary and aims to support 400,000 young people across the country.
To qualify, applicants must complete an online financial literacy course covering topics like credit management, repayment, and responsible borrowing. The programme uses gamified learning tools to make the training engaging and ensures a fully digital onboarding process with BVN and NIN verification for quick approvals. In some cases, financed items such as digital devices are delivered directly to beneficiaries.
While the scheme started with NYSC members, it will soon be open to all employed youth and youth-owned businesses, offering flexible repayment plans.
According to the NOA, the initiative is not just about loans but also about changing Nigeria’s credit culture by promoting financial responsibility, protecting personal data, and empowering young people to contribute to the country’s economic growth.
FG Launches YouthCred Loan Scheme for Nigerians Aged 18–39
The Federal Government has rolled out YouthCred, a national consumer credit programme designed for Nigerians aged 18 to 39, including members of the National Youth Service Corps (NYSC), to help them access loans more easily and improve their financial knowledge.
The scheme, which is part of President Bola Ahmed Tinubu’s Renewed Hope Agenda, offers low-interest, collateral-free loans without the need for guarantors. It is managed by the Nigerian Consumer Credit Corporation (CREDICORP).
The National Orientation Agency (NOA) announced the programme in a post on the social media platform X on Friday.
Launched in July 2025, YouthCred has already reached its 1,000th beneficiary and aims to support 400,000 young people across the country.
To qualify, applicants must complete an online financial literacy course covering topics like credit management, repayment, and responsible borrowing. The programme uses gamified learning tools to make the training engaging and ensures a fully digital onboarding process with BVN and NIN verification for quick approvals. In some cases, financed items such as digital devices are delivered directly to beneficiaries.
While the scheme started with NYSC members, it will soon be open to all employed youth and youth-owned businesses, offering flexible repayment plans.
According to the NOA, the initiative is not just about loans but also about changing Nigeria’s credit culture by promoting financial responsibility, protecting personal data, and empowering young people to contribute to the country’s economic growth.
