Federal Government YouthCred for Entrepreneurs 2026 Now Open

The Federal Government, through the Nigerian Consumer Credit Corporation (CREDICORP), has officially opened applications for the YouthCred for Entrepreneurs 2026 Programme.

This initiative is designed to provide affordable business loans to young entrepreneurs across Nigeria, helping them start, sustain, or expand their businesses.

Loan Amount

• Minimum: ₦200,000
• Maximum: ₦2,000,000

The amount approved depends on your business cash flow, credit behaviour, and repayment capacity.

Who Can Apply?

• Applicants must be between 18 and 35 years old.
• Applicants must own or operate a business.
• Applicants must demonstrate responsible credit behaviour.
• Applicants must show evidence of business cash flow and the ability to repay the loan.

Eligible Businesses

The programme is open to entrepreneurs in various sectors, including:

• Caterers
• Fashion designers and tailors
• Makeup artists
• Ride-hailing drivers
• Content creators
• Mechanics
• Young farmers
• Small business owners
• Other micro and small enterprises

Programme Benefits

• Access to loans ranging from ₦200,000 to ₦2,000,000.
• No collateral or guarantor required.
• Flexible repayment period of 1–12 months.
• Opportunity to build a positive credit history.
• Higher loan limits for borrowers with good repayment records.
• Free financial education to improve business and money management skills.

Application Deadline

Not yet specified.

How to Apply

1. Visit the official YouthCred portal: https://www.youthcred.com/
2. Complete the online application form.
3. Provide the required personal and business information.
4. Complete the verification process.
5. Wait for assessment by participating financial institutions.

Successful applicants who meet all programme requirements will receive loan approval and disbursement.