{"id":72374,"date":"2025-08-06T20:57:04","date_gmt":"2025-08-06T20:57:04","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=72374"},"modified":"2025-08-06T20:57:04","modified_gmt":"2025-08-06T20:57:04","slug":"credicorp-nysc-launch-%e2%82%a6200000-loan-scheme-for-corps-members","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2025\/08\/06\/credicorp-nysc-launch-%e2%82%a6200000-loan-scheme-for-corps-members\/","title":{"rendered":"CREDICORP, NYSC Launch \u20a6200,000 Loan Scheme for Corps Members"},"content":{"rendered":"<p><strong>By Onilede Titi Faith<\/strong><\/p>\n<p>The Nigerian Consumer Credit Corporation (CREDICORP), in collaboration with the National Youth Service Corps (NYSC), has launched a new credit scheme to empower serving corps members.<\/p>\n<p>Unveiled on Wednesday, August 6, 2025, in Abuja, the YouthCred initiative offers loans of up to \u20a6200,000 to corps members at a single-digit interest rate.<\/p>\n<p>A total of \u20a69 billion has been allocated for the first phase of the program. To qualify, corps members must complete a digital financial literacy course covering topics such as budgeting, credit management, repayment obligations, and credit history building.<\/p>\n<p>The loans are intended to support a range of needs, including relocation, acquisition of work tools or devices, training, and small business startups.<\/p>\n<p>Borrowers will initially be eligible for lower amounts and can access the full \u20a6200,000 after successfully repaying their first loan.<\/p>\n<p>Speaking at the launch, CREDICORP\u2019s Managing Director\/CEO, Engr. Uzoma Nwagba, said the initiative is part of President Bola Ahmed Tinubu\u2019s Democracy Day pledge to empower 400,000 Nigerians, beginning with corps members.<\/p>\n<p>NYSC Director-General, Brigadier General Olakunle Nafiu, described the partnership as \u201cepoch-making\u201d and praised it as a step toward enhancing financial independence, encouraging entrepreneurship, and instilling financial discipline among Nigerian youth.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Onilede Titi Faith The Nigerian Consumer Credit Corporation (CREDICORP), in collaboration with the National Youth Service Corps (NYSC), has launched a new credit scheme to empower serving corps members. Unveiled on Wednesday, August 6, 2025, in Abuja, the YouthCred initiative offers loans of up to \u20a6200,000 to corps members at a single-digit interest rate. [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":72375,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[172],"tags":[],"class_list":["post-72374","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/72374","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=72374"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/72374\/revisions"}],"predecessor-version":[{"id":72376,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/72374\/revisions\/72376"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/72375"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=72374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=72374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=72374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}