The Federal Government launches the YOUTHCRED for Entrepreneurs initiative and opens an application portal to support young Nigerian entrepreneurs with loan funding. Reporting across sources states that the programme is designed for eligible youths to receive loans without collateral, intended to help them expand their businesses.
The scheme targets young Nigerians aged 18 to 35 and offers loan amounts ranging from ₦200,000 to ₦2 million per beneficiary. One report also states that the initiative aims to reach 500,000 youths, indicating the programme has a broad coverage target.
Both sources describe the core premise of the programme as financial empowerment through credit access for entrepreneurs, and provide application-focused information. The information shared emphasizes that the loans are collateral-free and highlights the age range and the possible loan range available through the YOUTHCRED application process.
Details on specific steps within the portal and full documentation requirements are described separately from programme overview, but the shared message across outlets is that the portal is open and eligible applicants can apply for collateral-free funding within the stated parameters.
