FG Expands CREDICORP’s YouthCred Programme to All Employed Young Nigerians Nationwide

FG Expands CREDICORP’s YouthCred Programme to All Employed Young Nigerians Nationwide

Abuja, Nigeria — Thursday, December 11, 2025

The Federal Government has expanded the YouthCred programme of the Nigerian Consumer Credit Corporation (CREDICORP) to all employed young Nigerians, marking a major step toward building a modern, inclusive, and credit-driven economy. President Bola Ahmed Tinubu has consistently emphasized the need to ensure that hardworking Nigerians have access to structured consumer credit that improves quality of life and expands economic opportunity.

YouthCred was first introduced as a pilot for NYSC Corps Members in July 2025. The scheme quickly became Nigeria’s leading youth-focused credit intervention, attracting more than 51,000 Corps Members who received credit education and access to affordable loans. Beneficiaries used the financing to acquire mobility solutions, digital devices, solar systems, work tools, and other essentials that eased their transition into productive post-service life. The strong uptake highlighted the country’s widespread demand for simple, transparent, and responsible consumer credit.

Following the pilot's success, the Federal Government has now launched YouthCred for Employed Youth—opening the programme to millions of Nigerians aged 18–39 across both public and private sectors. The expanded phase was officially unveiled by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, at the Ministry of Finance Auditorium in Abuja.

Under this new phase, eligible young Nigerians earning steady incomes can access loans of up to ₦3 million through CREDICORP’s partner financial institutions. The credit—accessible through a fully digital application process—covers mobility, solar energy solutions, rent support, home upgrades, digital devices, and essential work tools. All beneficiaries are required to undergo credit education to strengthen responsible borrowing and financial management.

Speaking at the launch, Mr. Edun described the expansion as the practical demonstration of President Tinubu’s commitment to building a financially inclusive and opportunity-driven economy. He noted that as ongoing reforms continue to stabilize the economy, Nigerians must feel the impact through improved access to financial tools that enhance productivity and security.

CREDICORP’s Managing Director, Uzoma Nwagba, stated that YouthCred has evolved from a pilot into a national platform for youth empowerment. He explained that its rapid growth reflects not only strong demand but also the administration’s resolve to unlock economic opportunities for millions of young people through Nigeria’s most affordable and structured consumer credit system.

With the nationwide rollout of YouthCred for Employed Youth, the Federal Government has opened a major new channel for credit access, reinforcing its commitment to financial inclusion and shared prosperity.

Young Nigerians aged 18–39 can begin their YouthCred application by completing mandatory credit education and applying—without the need for collateral—at www.youthcred.com.