The Federal Government of Nigeria, in partnership with the Enugu State Government, has commenced registration for the YouthCred Initiative, a flagship consumer credit programme designed to provide working Nigerians—especially young people—with access to fair, affordable loans without collateral or exploitative lending terms.
In a statement signed by Arinze Chilo‑Offiah, Special Adviser on Digital Economy & MSMEs, the initiative was described as part of President Bola Tinubu’s economic reform agenda to expand responsible consumer credit nationwide.
The programme is implemented through CrediCorp, Nigeria’s national consumer credit institution, and in Enugu is being advanced under the leadership of Governor Peter Ndubuisi Mbah via the Enugu SME Centre/Office of Digital Economy.
The YouthCred Initiative supports financing for:
- Work tools and professional equipment
- Digital devices such as phones, laptops, and tablets
- Solar and power solutions
- Mobility and transport needs
- Essential household and life needs
According to the statement, the scheme is designed to help young Nigerians “work better, earn better, and live better” by offering structured, collateral‑free credit that strengthens productivity and builds a healthy repayment culture.
Applicants can register via www.youthcred.com, with the programme positioned as a key driver of financial inclusion, income growth, and workforce empowerment in Enugu State and beyond.
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