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The Federal Government launched the YOUTHCRED for Entrepreneurs initiative to provide credit to over 500,000 young Nigerians Eligible entrepreneurs can access loans from N200,000 to N2 million based on credit behaviour and cash flow, not collateralCREDICORP revealed it has already disbursed over N47 billion in consumer credit to more than 301,000 Nigerians
The Federal Government has unveiled a credit scheme targeting young Nigerian entrepreneurs, with plans to reach more than 500,000 beneficiaries through loans of up to N2 million each.
Finance Minister and Coordinating Minister of the Economy, Taiwo Oyedele, announced the YOUTHCRED for Entrepreneurs initiative at a launch ceremony in Abuja on Wednesday, July 22, 2026.
FG launches YOUTHCRED to empower 500,000 Nigerian youths with N2 million each. Credit: State HouseSource: Twitter
The programme is being run by the Nigerian Consumer Credit Corporation, known as CREDICORP, according to a report by Daily Trust.
It is designed to bridge the funding gap that has long
