Abuja, Nigeria – President Bola Tinubu’s Democracy Day pledge materialized today as the Federal Government launched YouthCred, a transformative credit program under CREDICORP, designed to empower young Nigerians with responsible access to loans—starting with 400,000 beneficiaries, including National Youth Service Corps (NYSC) members.
Why YouthCred Matters
Credit Culture Shift: Moves Nigeria from cash-only mindset to formal credit economy
Digital-First Approach: Platform live at www.youthcred.com
Education + Access: Mandatory financial literacy training before loan approval
First-Tier Beneficiaries:
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NYSC Corps Members: Loans for relocations, devices, or startups
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Employed Youth: Credit tailored to entry-level salaries
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Young Entrepreneurs: Business growth financing
By the Numbers
400K Nigerians to benefit in initial phase
₦50B estimated credit injection by 2025
0% delinquency target via mandatory financial training
How It Works:
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Register on YouthCred platform
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Complete 30-minute financial literacy course
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Access personalized credit offers (₦50K–₦5M)
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Build credit history through timely repayments
Quote:
“YouthCred isn’t about debt—it’s about dignity. We’re teaching financial discipline while unlocking opportunities.”
— CREDICORP Executive Director
The Bigger Vision
Economic Inclusion: 74% of Nigerians lack access to formal credit
Unemployment Fix: Loans to fund vocational training/businesses
Cultural Shift: From “loan sharks” to structured credit systems
