SUN DEC 21 2025-theGBJournal|The Federal Government recently introduced the 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.
The scheme is focused on Employed youths in the public or private sector, and they get a loan amount of up to N5 million with government-backed Low and affordable Interest rate.
The Repayment method is structured repayment with salary reduction.
Why it matters:
YouthCred provides a safer, transparent alternative to high-interest loan apps and informal lenders.
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