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. What YouthCred YouthCred is a financial empowerment platform designed to provide young Nigerians with access to responsible credit and financial education. Our mission is to transform Nigeria’s credit culture by equipping youths with the knowledge, tools, and opportunities needed to build strong credit histories and achieve their financial goals. 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