You Can Apply Now’: FG shares link to provide free loans to Nigerian youths

The Federal Government has officially launched the application portal for YouthCred, an initiative designed to provide Nigerian youths, particularly members of the National Youth Service Corps (NYSC) and emerging entrepreneurs, access to loans without the conventional requirements of collateral or an extensive credit history.

This initiative, facilitated by the Nigerian Consumer Credit Corporation (CrediCorp), is part of a comprehensive strategy to transform Nigeria’s credit culture and empower the financial capabilities of the younger population. Click link to apply the loan.

Youths invited to apply for YouthCred loans 

The online platform is now live and allows eligible young Nigerians to apply for various credit products tailored to their financial needs and growth plans.

According to the organizers, YouthCred aimed to create a shift in how young citizens accessed and managed their credit. It features three main loan categories:

1. Corper Credit: A short-term credit scheme for NYSC members.

2. YouthCred Card: A flexible credit facility for young professionals, repayable over 12 months.

3. Youth Entrepreneurs Credit: A business support credit line for young entrepreneurs to start or scale up ventures.

“Today, CREDICORP and NYSC signed a landmark partnership for YouthCred, credit designed to unlock dignity, opportunity, and a future without limits,” the agency posted on X (formerly Twitter).

In what seems to be a campaign kickoff, YouthCred is already taking its message directly to NYSC camps across the country, with a mix of financial education and entertainment.

The platform isn’t just about loans. It also focuses on financial literacy, equipping young people with the knowledge needed to navigate Nigeria’s complex economic terrain.

Through workshops, digital tools, and learning modules, YouthCred hopes to help applicants build responsible credit habits that will serve them long after they’ve repaid their loans.

Government targets youths in new YouthCred initiative

Analysts stated that the partnership with NYSC was a strategic step, as the corps scheme brings together tens of thousands of young Nigerians annually.

With unemployment and underemployment still high among youths, the new credit scheme could offer a vital stepping stone toward financial independence.

CrediCorp has described the programme as part of a broader strategy to democratize access to credit, reduce poverty, and stimulate entrepreneurship across Nigeria.

The agency also hinted at rolling out youth-focused events and competitions to reward creativity and financial discipline among applicants.

Prospective beneficiaries can now visit the YouthCred portal to register, review eligibility criteria, and apply for their preferred credit option.