The Nigerian Consumer Credit Corporation (CREDICORP) has unveiled YouthCred. The YouthCred is a national credit scheme aimed at providing responsible, fair, flexible and affordable consumer credit to over 400,000 young Nigerians, including Corp Members.
According to CrediCorp, the launch is in line with the President Bola Ahmed Tinubu’s Renewed Hope agenda and in furtherance of its ongoing effort at making government backed credit available to millions of Nigerians, particularly youths,
The launch, held recently at the Ipaja orientation camp of the State National Youth Service Corps (NYSC), mirrors an earlier launch held days ago at the Kubwa camp of the NYSC, in Abuja.
Unveiled by the Minister of Youth Development, Comrade Ayodele Olawande and the MD/CEO of CREDICORP, Uzoma Nwagba with other stakeholders , the scheme is tagged ‘Real Financial knowledge. Real credit: transforming a generation with the right money skills to build a great future.’
Ayodele Olawande, said that the YouthCred is not just for corps members but for all youths irrespective of their status. He added that through the YouthCred, youths can bring their big ideas, initiatives and inventions to life.
Also speaking at the event, the MD/CEO of CREDICORP , Nwagba said that the credit scheme is a revolution and a movement that will start a credit culture in Nigeria. Noting that President Tinubu has a great vision for the young people of the country, he explained that CREDICORP is one of the important parts of enabling young people to empower themselves.
He also noted that YouthCred is also on a national campaign to change how young people in Nigeria think about money, borrowing, trust, and financial responsibility.
On his part, the Lagos State Commissioner for Youth and Social Development, Mobolaji Ogunlende, expressed excitement on what he described as a revolutionary initiative from the federal government; adding that the Lagos State Governor, Babajide Olusola Sanwo-Olu, in his capacity, has continued to give the youths the support in the state, which he does in social inclusion, gender equality and youth empowerment.
