FG Launches YouthCred to Drive Financial Inclusion and Productivity Among Young Nigerian Workers
The Federal Government has unveiled YouthCred, a new initiative designed to expand financial inclusion and improve productivity among young workers across Nigeria. The programme targets youths who are actively working or running small ventures but lack access to formal credit and financial services.
YouthCred is built to help young Nigerians develop a verifiable financial profile, enabling them to access loans, savings products, and other digital financial tools that were previously out of reach. By linking responsible work activity, income patterns, and basic financial behavior, the platform aims to reduce the long-standing credit gap faced by millions of youths in the informal and gig economy.
According to government officials, the initiative will also focus on financial literacy, teaching participants how to manage income, plan expenses, and build sustainable businesses or careers. This approach is expected to boost productivity by empowering young workers to invest in skills, tools, and opportunities that improve their earning capacity.
The launch of YouthCred aligns with Nigeria’s broader agenda to promote youth empowerment, digital inclusion, and economic growth. With young people making up a large share of the workforce, policymakers believe that improving access to finance will have a direct impact on job creation and national productivity.
As YouthCred rolls out nationwide, stakeholders in finance, technology, and entrepreneurship are optimistic that the programme could become a key driver of inclusive growth, helping young Nigerians transition from survival-level work to more stable and productive economic participation.
