YouthCred Program to Support Nigerian Youths

by Admin · August 8, 2025

YouthCred Program to Support Nigerian Youths

The Federal Government has launched the YouthCred scheme to support 400000 Nigerians young with a single interest loans, financial literacy, and the credits management skills.

The youthcred program initiatives support for Nigerian youths Employed, and young entrepreneurs between aged of 18-39 years, the youthcred program also including NYSC Corpers members, to expand access to credit and promote financial literacy.

The program is in line with President Bola Ahmed Tinubu’s New Hope Programme, the scheme provides low-interest, no obligation loans, the youthcred program are administered by the Nigeria Credit and Reinsurance Corporation (CREDICORP).

The youthcred scheme has officially Launched in July 2025 and its targets to support 400,000 youths across Nigeria wthi loan.

Applicants must complete a digital financial literacy course that covers money management, payments, and responsible lending. After the loan is disbursed, the initiative is driving national credit reform through effective learning and a comprehensive digital delivery system using BVN and NIN for rapid verification. In some cases, the disbursement of items, such as digital devices, is done directly.

The program Initially to targeting NYSC cadets, the scheme will soon be extended to all youth and young professionals, with a flexible payment plan.

The scheme It also emphasizes data privacy, financial literacy, and empowering youth to transform Nigeria’s credit culture and foster economic inclusion.

The YouthCred Program Consists of three category the NYSC Corpers, Youth Employed and the Youth Entrepreneur.

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Table of Contents

YouthCred Program Summary

Program Portal Open: July 2025.
Program Host: CREDICORP
Program Sponsored: Federal government
Program Location: All States Plus FCT Abuja
Program Country: Nigeria
Program Age Limit: Bracket of Between 18-39 years.
Program Portal Close: Not Specified

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YouthCred Program Key Features:

1. Loan Amounts: N5,000 to N5 million, depending on the borrowers (NYSC Corpers, Youth Employed and Young Entrepreneurs)

2.Loan Repayment Duration: 1-24 months duration

3. Loan Interest Rates: Single-digit interest rates (1.5% monthly interest for NYSC Corps members)

4. Loan Eligibility: NYSC Corpers, employed youths, and the young entrepreneurs

Loan Digital Financial Literacy: Compulsory training program which covering credit facilities, financial responsibility and the budgeting

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YouthCred Program Application Eligibility Criteria

To be eligible, Candidates must meets the following eligibility criteria:

Been a Nigerian NYSC Corpers, youth employed, and young entrepreneurs.
Must be between 18 to 39 years (applicable for those wishes to apply as a youth employed and young entrepreneurs)
Must submit loan application form with attached documents

YouthCred Program Objectives:

The YouthCred has the main four objectives: the main objectives of the YouthCred program are outlined below:

The youthcred program Providing Nigerian youth with practical credit education and financial tools
The youthcred program Providing affordable and accessible credit options
The youthcred program Providing financial inclusion and economic development
The youthcred program Supporting young entrepreneurs and creating jobs

How to Apply for YouthCred Program

To apply for the youthcred program as a NYSC Corpers, youths employed and or young entrepreneurs, you need to follow the method of application outlined below:

1. Visit the YouthCred program official portal at https://www.youthcred.com/

2. Click on the “Start here” and proceed to create an account using.

3. Select YouthCred program type Create an account using the required fields, verify and return to the portal to proceed for the application form.

4. Wait for the YouthCred team to proceed for your application loan.

5. Fill out the application loan and click on the tap button to submit your application loan.

Apply For YouthCred Program

S/N	Programs	Age Limit
1	Apply As NYSC Corper	Not Limit
2	Apply As Employed Youth	18–39 Years
3	Apply As Youth Entrepreneur	18–39 Years

YouthCred Program FAQs:

Q1: What is the YouthCred Program?

The YouthCred Program is a Federal Government initiative to support Nigerian youths with single-interest loans, financial literacy, and credit management skills.

Q2: Who administers the YouthCred Program?

The program is administered by the Nigeria Credit and Reinsurance Corporation (CREDICORP).

Q3: What are the program’s objectives?

The program aims to provide practical credit education, affordable credit options, financial inclusion, and support for young entrepreneurs.

Q4: Who is eligible for the YouthCred Program?

NYSC Corpers, employed youths, and young entrepreneurs aged 18-39 years.

Q5: What are the age limits for each category?

– NYSC Corpers: No age limit

– Employed Youth: 18-39 years

– Youth Entrepreneur: 18-39 years

Q6: What is the loan amount range?

₦5,000 to ₦5 million, depending on the borrower’s category.

Q7: What is the loan repayment duration?

1-24 months.

Q8: What is the interest rate?

Single-digit interest rates (1.5% monthly interest for NYSC Corps members).

Q9: How many beneficiaries does the program target?

400,000 youths nationwide.

Q10: Has the program already started?

Yes, it was launched in July 2025 and has reached its 1,000th beneficiary.