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How to apply for FG’s YouthCred loan and qualify for up to ₦2 million
How to apply for FG’s YouthCred loan and qualify for up to ₦2 million
The Federal Government has launched YouthCred for Entrepreneurs, a new financing initiative designed to provide collateral-free business loans of between ₦200,000 and ₦2 million to young Nigerians running micro and small businesses.
The programme, unveiled in Abuja, is part of the government’s broader effort to improve access to affordable credit, reduce barriers to entrepreneurship and support the growth of Micro, Small and Medium Enterprises (MSMEs) across the country.
According to the government, the initiative will initially support 500,000 young entrepreneurs, with plans to expand the programme to one million beneficiaries before the end of the year.
Unlike conventional bank loans that often require collateral and guarantors, YouthCred uses an alternative credit assessment model that evaluates applicants based on their business cash flow, repayment capacity and credit behaviour.
Who is eligible to apply?
To qualify for the YouthCred loan, applicants must:
- Be between 18 and 35 years old
- Own or operate a business
- Demonstrate responsible credit behaviour
- Show evidence of business cash flow and ability to repay the loan
- Complete the required verification process
How much can applicants borrow?
Eligible entrepreneurs can access loans ranging from:
- Minimum: ₦200,000
- Maximum: ₦2 million
The amount approved will depend on the applicant’s business performance, repayment capacity and credit assessment.
Who can benefit?
The programme targets young Nigerians operating small businesses and providing essential services, including:
- Caterers
- Fashion designers and tailors
- Make-up artists
- Hairdressers and barbers
- Content creators
- Ride-hailing drivers
- Mechanics
- Young farmers
- National Youth Service Corps (NYSC) members
- ICT professionals
- Other eligible micro and small business owners
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How to apply for the FG’s YouthCred loan
Applicants can complete their application online by following these steps:
Step 1: Visit the official YouthCred application portal.
Step 2: Create an account using your email address and personal details.
Step 3: Select the Youth Entrepreneur category.
Step 4: Fill in the online application form with accurate personal and business information.
Step 5: Upload the required identification and verification documents.
Step 6: Submit the application for verification and credit assessment.
Step 7: If successful, the application will be processed through participating regulated financial institutions before the loan is disbursed.
Is collateral required?
No.
One of the major advantages of the YouthCred programme is that applicants are not required to provide collateral or guarantors.
Instead, loan approval is based on:
- Business cash flow
- Credit history
- Repayment capacity
- Overall financial assessment
Flexible repayment options
Successful applicants can repay the loan over a period of one to 12 months, depending on the repayment plan that best suits their business and financial situation.
The flexible repayment structure is intended to make borrowing more accessible while encouraging responsible financial management.
How to increase your loan limit
Borrowers who perform well under the programme can qualify for larger loans in future by:
- Repaying previous loans on time
- Building a positive credit history
- Completing the platform’s financial literacy and business training modules
Government explains purpose of the scheme
Speaking at the launch, the Minister of Finance and Coordinating Minister of the Economy said the initiative was created to unlock the entrepreneurial potential of young Nigerians by giving them access to affordable financing.
According to the minister, more than 90 per cent of Nigeria’s MSMEs are microenterprises operated by individuals such as caterers, mechanics, fashion designers, ride-hailing drivers, content creators and young farmers.
He said improving access to credit would help these entrepreneurs expand their businesses, create jobs and contribute more to national economic growth.
The Managing Director and Chief Executive Officer of the Nigerian Consumer Credit Corporation (CREDICORP), Uzoma Nwagba, said the government intends to reach 500,000 beneficiaries in the first phase and one million young Nigerians before the end of the year.
He encouraged beneficiaries to repay their loans promptly, noting that responsible borrowing would strengthen their credit profiles and allow more Nigerians to benefit from the programme.
The Federal Government said the initiative forms part of its broader strategy to promote financial inclusion, stimulate entrepreneurship and empower young Nigerians with affordable access to business financing.
How to apply for FG’s YouthCred loan and qualify for up to ₦2 million
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Three Women Killed, 10 Injured in Multiple Crash on Lagos-Ibadan Expressway Bridge
Three Women Killed, 10 Injured in Multiple Crash on Lagos-Ibadan Expressway Bridge
Excessive speeding and loss of control caused one vehicle to plunge off the Long Bridge into a ditch, according to eyewitness accounts and preliminary investigations.
OGUN STATE, Nigeria – Tragedy struck the Lagos-Ibadan Expressway on Friday, September 4, 2026, when a multiple-vehicle crash at the Long Bridge claimed the lives of three women and left 10 others with varying degrees of injuries. The crash occurred around 5:10 p.m. at the Long Bridge, opposite Mikano, inward Lagos, according to the Federal Road Safety Corps (FRSC), Ogun State Sector Command. The spokesperson for the Ogun State Traffic Compliance and Enforcement Agency (TRACE), Babatunde Akinbiyi, confirmed the incident, placing the time at approximately 5:24 p.m. Three vehicles were involved in the crash: a white Mazda bus with registration number AGL 891 XX, a white Toyota bus with registration number KJA 247 YM, and a white Toyota Corolla with registration number BDG 867 HG. According to the FRSC, a total of 16 people—comprising 12 males and four females—were involved in the crash. Ten victims, including nine males and one female, sustained injuries, while three female occupants were confirmed dead.
Preliminary investigations identified speed violation (SPV) and loss of control (LOC) as the probable causes of the crash. Eyewitness accounts indicated that excessive speeding and loss of control caused one of the vehicles to somersault into a ditch. The FRSC stated that further investigation is ongoing to establish the full circumstances surrounding the incident.
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The crash was reported to the FRSC at 5:34 p.m., and rescue teams arrived at the scene six minutes later, at 5:40 p.m. Emergency responders from TRACE, the FRSC, the Nigeria Police Force, and the Ogun State Ambulance and Emergency Service all responded to the scene. Some of the injured victims were evacuated to the Lagos State Accident and Emergency Centre in Ojota by the Ogun State Ambulance and Emergency Service, while others were transported to AZ Hospital in Magboro by the FRSC. The remains of the deceased were deposited at the General Hospital, Ifo, morgue, and the Idera Hospital morgue in Sagamu. The vehicle that plunged into the ditch was recovered and moved to the Warewa Police Station, alongside the other vehicles involved in the crash, for further investigation.
The crash caused significant traffic disruptions along the expressway during evacuation operations, but normalcy was restored after the vehicles were cleared from the scene. The Ogun State Sector Commander, Corps Commander Oludare Ogunjobi, expressed condolences to the families of the deceased and wished the injured victims a speedy recovery. He urged motorists plying the Lagos-Ibadan Expressway to exercise maximum caution, avoid excessive speed, maintain proper control of their vehicles, and remain alert throughout their journeys. Ogunjobi further advised motorists to “drive within safe speed limits and avoid any behaviour capable of compromising their safety and that of other road users”.
The incident follows a pattern of fatal accidents on the busy expressway. On August 25, 2026, seven people were killed and two others injured in a multiple road crash involving three vehicles around the Kara area of the Lagos-Ibadan Expressway.
Three Women Killed, 10 Injured in Multiple Crash on Lagos-Ibadan Expressway Bridge
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Socialite Igho ‘Tiny’ Ubiribo Dies After Penis Enlargement Surgery
Socialite Igho ‘Tiny’ Ubiribo Dies After Penis Enlargement Surgery
The British-Nigerian influencer, a close friend of Afrobeats star Davido, was buried in a gold coffin. But an unresolved NDLEA drug trafficking case and the extraordinary timing of his death have fueled conspiracy theories.
LONDON, United Kingdom – British-Nigerian socialite and influencer Igho “Tiny” Ubiribo, a close friend of Afrobeats superstar Davido, died on March 6, 2026, from a pulmonary embolism caused by a penis enlargement procedure he underwent in Bangkok, Thailand. He was 43 years old. But long before his death, Ubiribo and his wife, Zimbabwean fashion designer Danielle Simba Allen, had been declared wanted by Nigeria’s National Drug Law Enforcement Agency (NDLEA) over allegations of running an international drug trafficking syndicate. Adding to the intrigue, reports indicate Ubiribo was expected to appear in a Nigerian court on March 7, 2026—the day after his death—to answer the charges. The extraordinary timing has generated conspiracy theories, with some social media users even suggesting Ubiribo may have faked his death to escape prosecution. However, there is no evidence to support this speculation. A London inquest provided substantial evidence of his death, including treatment at a Bangkok hospital, a UK postmortem, and a coroner’s formal finding.
Ubiribo was on a luxury holiday in Bangkok with his wife when he opted to undergo a cosmetic penis enlargement procedure at an unnamed clinic. An inquest at the Inner West London Coroners’ Court heard that he received approximately 40 millilitres of hyaluronic acid and lidocaine injected into his penis on March 5, 2026. After the procedure, Ubiribo and his wife returned to their Marriott hotel and went for a massage. During the massage, he complained of chest pain and lost consciousness twice. He was rushed by ambulance to Sukhumvit Hospital, where he was initially conscious and able to answer questions. His wife informed doctors about the filler injections, but Ubiribo lost consciousness before a recommended CT scan could be performed. Doctors diagnosed him with a pulmonary embolism—a blockage of a blood vessel in the lungs—and transferred him to intensive care. Medical staff reportedly performed CPR for more than 100 minutes, but he could not be revived.
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A post-mortem examination conducted in the UK found cellular material in Ubiribo’s lungs consistent with the hyaluronic acid used in the penile filler. Pathologist John du Parcq stated that the findings were consistent with a pulmonary embolism and matched the results of a Thai autopsy. Assistant Coroner Jean Harkin concluded that Ubiribo died from a pulmonary embolism caused by the cosmetic procedure. The inquest also heard that Ubiribo had pre-existing medical conditions, including prediabetes and gout, and had previously undergone joint surgery.
Before his death, Ubiribo and his wife had been at the centre of a high-profile drug trafficking investigation. In April 2023, the NDLEA declared Ubiribo, Allen, and Port Harcourt-based prophetess Faith Ugochi wanted over allegations of running an international drug trafficking syndicate. The investigation began after NDLEA operatives intercepted 32.70 kilograms of “Loud” cannabis concealed in cartons of used clothing at the NAHCO import shed of Murtala Muhammed International Airport in Lagos on November 16, 2022. A freight agent was arrested, and subsequent investigations led to more arrests. The NDLEA alleged that the syndicate recruited teenage girls as sales agents through Ugochi’s church and that Ubiribo and Allen operated the group from Los Angeles. One suspect, Edward Omatseye (alias Montana), told investigators he worked for Ubiribo and Allen, whom the agency described as the “overall heads” of the group. The agency obtained Federal High Court orders declaring the three wanted and blocked about N80 million connected to the investigation. According to the NDLEA, invitation letters sent to Ubiribo and Allen were initially answered through lawyers who requested more time, after which the couple allegedly became unreachable.
Nearly three years later came the remarkable coincidence. GWG.ng reported that Ubiribo was expected to appear in a Nigerian court on March 7, 2026—the day after his death—in connection with the trafficking allegations. While the outlet stated it had not independently obtained the court record confirming that appearance, an NDLEA official confirmed the agency was awaiting documentary evidence of Ubiribo’s death before determining the finality of the case against him. The timing has fueled online speculation, with some even questioning whether Ubiribo could have staged his death to escape the Nigerian case. There is presently no evidence supporting such speculation.
Ubiribo was buried in London in a gold coffin reportedly worth more than $745,000. His funeral was attended by celebrity mourners, including Davido, who delivered an emotional tribute, describing Ubiribo as a man of “light, energy, courage, resilience” and saying his absence “doesn’t feel real”.
Socialite Igho ‘Tiny’ Ubiribo Dies After Penis Enlargement Surgery
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