Credicorp: Youths to get N200,000 credit facility

In line with 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 Nigerian Consumer Credit Corporation (CREDICORP) has launched YouthCred in Lagos.

The launch, held at the Ipaja Orientation Camp of the State National Youth Service Corps (NYSC), mirrored an earlier launch held 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, Engr. Uzoma Nwagba, with other stakeholders, tagged the scheme was tagged, ‘Real Financial Knowledge. Real credit: transforming a generation with the right money skills to build a great future.’

According to the organisers, 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.

Speaking at the event, which was graced by thousands of youths, the Minister of Youth Development, Comrade Ayodele Olawande, said that the YouthCred, which kicked off in FCT Camp, was not just for corps members but for all youths irrespective of their status.

He added that through the YouthCred, youths could bring their big ideas, initiatives and inventions to life.

Also speaking at the event, the MD/CEO of CREDICORP Engr. Nwagba said that the credit scheme was a revolution and a movement that would start a credit culture in Nigeria. He noted that President Tinubu had a great vision for the young people of the country.

He also explained that CREDICORP was one of the important parts of enabling young people to empower themselves.

He noted that YouthCred was also on a national campaign to change how young people in Nigeria think about money, borrowing, trust, and financial responsibility.

Reminiscing on his stay at the Ipaja NYSC camp about 15 years ago during his National Youth Service, he said it was the positive credit history he built over time that allowed him to advance in life.

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.

Speaking, the Lagos state NYSC Coordinator, Mrs. Christiana Salmwang, who had earlier in her speech welcomed and intimated distinguished guests on the state of the orientation camp, praised the Federal Government for championing the welfare of youths, particularly corps members, through the instrumentality of the CREDICORP.