This post was originally published on this site.

Nigerian youths can apply for collateral-free loans under the Federal Government’s YOUTHCRED schemeLoans range from ₦200,000 to ₦2 million, targeting young entrepreneurs aged 18 to 35Applicants must complete a financial literacy course and provide valid identification to qualify

Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.

Young Nigerian entrepreneurs seeking financial support can now apply for the Federal Government’s YOUTHCRED scheme, a collateral-free loan programme designed to help youths grow their businesses.

Managed by the Nigerian Consumer Credit Corporation, the initiative offers loans ranging from ₦200,000 to ₦2 million.

President Bola Tinubu’s government announces eligibility for the YOUTHCRED scheme Credit: Anadolu / Contributor
Source: Getty Images

Who can apply for YOUTHCRED?

Unlike conventional bank loans that often require collateral, YOUTHCRED assesses applicants based on their business cash flow and credit history.

To qualify for the YOUTHCRED scheme, applicants must meet specific conditions set by CREDICORP. The