The Federal Government has expanded the Nigerian Consumer Credit Corporation’s (CREDICORP) YouthCred programme to all employed young Nigerians aged 18 to 39, widening access to affordable consumer credit nationwide.
The expansion follows the success of the initial YouthCred NYSC Pilot launched in July 2025, which saw over 51,000 corps members benefit from credit education and access to low-interest loans. Beneficiaries used the support to acquire mobility solutions, digital devices, solar systems, work tools, and other essentials to aid their transition into productive post-service life, demonstrating a strong national demand for fair and accessible consumer credit.
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Unveiled at the Ministry of Finance Auditorium in Abuja by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, the new Employed Youth Phase opens the programme to millions of working Nigerians in both the public and private sectors. These individuals earn steady incomes but are often excluded from formal credit systems.
Under the expanded scheme, eligible youths can now access up to N3 million in consumer credit through CREDICORP’s partner financial institutions. The process is fully digital, with mandatory credit education to promote responsible borrowing. Loans can be used for mobility, solar power, rental support, digital tools, household upgrades, and other productivity-enhancing needs.
Minister Edun described the expansion as a direct reflection of President Bola Ahmed Tinubu’s commitment to building a modern, credit-enabled economy where hardworking Nigerians can improve their quality of life. He emphasized that as economic reforms take root, citizens must experience these gains through access to practical tools that enhance productivity and financial stability.
CREDICORP’s Managing Director, Uzoma Nwagba, said YouthCred’s evolution from a pilot to a nationwide intervention highlights both the government’s commitment to youth empowerment and the overwhelming demand for responsible consumer credit.
With this rollout, the Federal Government has opened a major new channel for youth financial inclusion, supporting improved living standards and shared prosperity.
Young Nigerians aged 18–39 can start their YouthCred application; no collateral required after completing mandatory credit education at www.youthcred.com
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