youthcred

The quick read

What's driving the attention

The Nigerian government has introduced the YouthCred loan scheme targeting young entrepreneurs with loans up to ₦2 million without collateral.

The Nigerian government launched the YouthCred loan scheme to support 500,000 young entrepreneurs by providing loans of up to ₦2 million without the need for collateral. This initiative aims to empower youth in business and stimulate economic growth. The government has opened a portal with simple application steps to access the funds, making it easier for young Nigerians to plan and invest in their entrepreneurial ventures.