The Federal Government has launched the YouthCred Empowerment Initiative to reach 400,000 youths across the country. The program, which is backed by CrediCorp, Nigeria’s Consumer Credit Corporation, is designed to equip young people with practical credit knowledge and provide them with real financial tools to improve their future. Also Apply: CALM Fund: FG Loan For Civil Servants, Teachers And General Public According to officials, YouthCred will offer low interest rate loans, flexible repayment plans, and credit education to youths between the ages of 18 to 39. The loans come with no collateral, no guarantors, and are structured to grow as the…
Author: Kabir Mustapha
As Nigerians celebrate Democracy Day, President Bola Ahmed Tinubu delivered an inspiring message of economic inclusion and empowerment. In a major announcement, the President revealed that over 400,000 young Nigerians, including members of the National Youth Service Corps (NYSC), will benefit from the upcoming new government’s consumer credit initiative for the youth. This landmark step is designed to help youths gain access to essential goods and services through affordable, government-backed financing plans. Consumer credit is a crucial pillar in modern economies, enabling individuals to build financial trust and participate actively in the economy. Unfortunately, this system has largely been underdeveloped…
CALM Fund FG Loan For Civil Servants, Teachers And General Public – In response to rising energy and transportation costs, Ministry of Finance Incorporated (MOFI), CREDICORP (Nigerian Consumer Credit Corporation), and the Presidential Initiative on CNG (PI-CNG) have launched the Credit Access for Light and Mobility (CALM) Fund. This fund aims to provide affordable loans for CNG vehicle conversions and solar energy adoption, offering Nigerians relief from high fuel and electricity costs while promoting sustainability. Focus Areas: 1. CNG Vehicle Conversions: Providing loans for vehicle conversions to Compressed Natural Gas (CNG), an affordable, eco-friendly fuel. 2. Solar Energy Solutions: Offering financing for…
Applications for the NNPC/Chevron Scholarship 2025 have now commenced for suitably qualified Nigerian students from all States of the Federation. The NNPC/Chevron Scholarship is an annual ₦200,000 award offered by the oil and gas company to eligible Nigerian students in all accredited universities across the nation. This post is a detailed breakdown of the details, eligibility criteria, and benefits of the scholarship. We will also provide the step-by-step on how to apply as well as the documents required. NNPC/Chevron Scholarship Summary Host: NNPC | Chevron Nigeria Limited Category: Undergraduate Scholarships Eligible Country: Nigeria Reward: ₦200,000 Naira Annually Deadline: June 30, 2025 Also Apply: APPLY…
Obafemi Awolowo University (OAU), Ile-Ife, has announced massive recruitment process for both academic and non-teaching positions. The announcement, which serves as both an internal and external advertisement, invites applications from qualified candidates. According to the university, the job advertisement will run for six (6) weeks from the date of publication. In a public notice signed by K.A. Bakare, the Registrar and Secretary to Council, it was stated: “Applications are invited from suitably qualified candidates to fill various academic and non-teaching positions in the University.” The university, known for its strong academic reputation, confirmed that this process is open to both…
The Basotho Enterprises Development Corporation (BEDCO) is a parastatal of the government of Lesotho that was established by an Act of Parliament: BEDCO Act No.9 of 1980 (as amended) mandated “to promote the development of Basotho-owned enterprises and of Indigenous entrepreneurial skills and for connected purposes.” BEDCO fulfills this mandate through facilitating the establishment and growth of Micro, Small and Medium Enterprises (MSME)s by performing the following functions: Provision of business development support services. Promotion and entrenchment of an entrepreneurial culture in Lesotho. Facilitation of the establishment of incubation services. Advocacy for an enabling regulatory framework and appropriate licensing regime…
The Federal Government has launched a $50 million investment into the Nigeria Wholesale Impact Investment Fund (WIIF), marking the first phase of a planned $100 million initiative aimed at accelerating sustainable economic growth across the country. Announced via the Ministry of Finance’s X (Twitter) handle, the initiative is described as a demonstration of Nigeria’s commitment to transforming the economy through strategic investments in key sectors. The WIIF is a government-backed “fund of funds” that will not finance businesses directly but will instead invest in financial intermediaries such as development finance institutions, microfinance banks, and impact-focused fund managers. These intermediaries will…
The Federal Government of Nigeria has signed a strategic Memorandum of Understanding (MoU) with Investonaire Academy to train 100,000 young Nigerians every year in foreign exchange (Forex) trading. The agreement, formalised in Abuja, aims to tackle youth unemployment while promoting financial literacy and inclusion. The programme will equip participants with practical knowledge in Forex trading, risk management, and financial planning, enabling them to participate meaningfully in the global financial market. Speaking at the MoU signing ceremony, the Minister of Youth Development described the initiative as a significant step in the Ministry’s drive to empower young Nigerians through capacity building, digital…
The FME TVET Application Portal is still open for new applications, and here is how you can submit yours. The Federal Ministry of Education (FME) announced applications for the Technical and Vocational Education and Training (TVET) program for young Nigerians to gain life-changing skills and become self-sufficient. The FME TVET Initiative offers fully funded training with a certificate, ₦45,000 monthly stipends, start-up support, and the opportunity for industry-relevant technical and vocational skills. The Technical and Vocational Education and Training (TVET) Initiative is a flagship program of the Federal Ministry of Education designed to equip young Nigerians with practical skills for employment and entrepreneurship. Through…
How to Check Your YEIDEP Bank Account Balance In today’s update on the YEIDEP Program, we’re answering a frequently asked question:“How can I check my YEIDEP bank account balance?” If you’ve received your account number, this guide is for you—so keep reading! Step-by-Step Guide to Checking Your YEIDEP Bank Account Balance Checking your YEIDEP account balance is quick and easy. Just follow these steps: 1. Identify Your Partner Bank YEIDEP has partnered with several Nigerian banks. Your YEIDEP funds are held by the specific bank where your account was created.If you’ve received your account number, you should already know your…