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400,000 NYSC Members to Get ₦100k–₦150k Under FG’s ‘YouthCred’ Initiative
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By Kayode Sanni-Arewa
About 400,000 corps members are set to benefit from a new federal government scheme called YouthCred.
The initiative, a partnership between CreditCorp Nigeria and the NYSC, aims to provide affordable consumer credit to serving corps members.
According to Dada Olusegun, Special Assistant to President Tinubu on Social Media, the scheme is designed to promote a culture of good credit among young Nigerians.
He noted that the beneficiaries can access loans ranging from N100,000 to N150,000 to sort out urgent needs like clothing, mattresses, phones, and basic furniture.
Dada added that the loan will be repayable during the service year at a single-digit interest rate, making it accessible and manageable for corps members.
According to him, Before loan approval, applicants will be educated on credit scores and responsible borrowing to build financial literacy.
He states that President Tinubu’s administration hopes the program will reshape attitudes towards credit before corps members enter the workforce.
The SA also confirmed that the federal government has already set aside N6 billion for the rollout of the YouthCred scheme.
He said the implementation will start with financial institutions already working with NYSC, and full rollout is expected within the next 12 months.
The statement reads, “As part of efforts to promote good credit culture among young Nigerians starting with corp members, @CrediCorpNG in collaboration with NYSC will be launching a new scheme called “YouthCred”.
“YouthCred is an initiative that will offer affordable consumer credit to corps members.
“Corp members in need of quick cash to sort urgent bills like clothing, mattresses, mobile phones, basic furniture etc that will help them settle down in the new PPAs, will be able to access up to credit facilities of N100,000-150,000 and repay same over the course of their youth service at a single digit interest rate.
“The essence of a good credit score and how it works will be taught to interested corp members before final approvals are granted.
“This is part of President Tinubu’s administration’s efforts to instill values among the young populace and change the narrative about credit even before entering the workforce.
“An initial N6bn has been reserved for this purpose with the launch expected anytime soon.
“Rollout of YouthCred will begin with partner financial institutions that already work with NYSC and related agencies.
“The initiative will target 400,000 corp members over the next 12 months.”
Troops of Operation ENDURING PEACE, OPEP, in collaboration with the Civilian Joint Task Force, CJTF, have arrested a suspected kidnapper linked to the abduction of a resident in Kauru Local Government Area of Kaduna State.
This was contained in a statement posted on X by the Nigerian Army.
The post identified the suspect as Buba Ali, 30, adding that he was arrested at about 12:45 pm on Sunday, August 9, at Binawa village in Kauru Local Government Area.
According to post, the suspect was arrested during a joint operation conducted by troops of Sector 7 OPEP and members of the CJTF.
It said the suspect was reportedly linked to the kidnapping of Alhaji Tasi, who was abducted in the village.
“Following his arrest, Ali was taken into custody and is currently being interrogated by security personnel.
“The ongoing investigation is focused on obtaining information that could lead to the identification and arrest of other members of the suspected kidnapping gang,” the Army said.
Nigerian ambassador to South Africa, Femi Fani-Kayode, has rejected claims by an Islamic scholar, Sheikh Yahaya Jingir, that Nigeria is a Muslim country.
In a viral video, Sheikh Jingir, who was preaching to Muslims at an event, said “if you don’t want to accept a Muslim-Muslim ticket, you should leave Nigeria because it belongs to us”.
The comment has continued to generate backlash online as Christians rejected the claim.
Reacting, Fani-kayode in a statement posted on his official X handle on Sunday night, said the cleric’s remark is unhelpful and untrue.
“Worse of all is the fact that it is highly provocative,” the former aviation minister said.
“Kindly take note that it is a very slippery and dangerous slope to take and is best avoided. Nigeria is NOT a Muslim country and neither is she a Christian country.
“She is a SECULAR and MULTI-RELIGIOUS state comprising BOTH Christians and Muslims in equal numbers and that is our strength,” FFK added.
He further stated that President Bola Tinubu’s Muslim/Muslim ticket for 2027 is gaining acceptance “only because of the calibre, ability, sincerity of purpose, character, utility and electoral strength of our Presidential and Vice Presidential candidates and their ability to deliver and not because they are Muslims”.
“One day we may have a Christian/Christian ticket too because with God all things are possible,” he added.
The Osun State Police Command has confirmed the release of the state Commissioner for Environment and Sanitation, Moyowa Adejoorin, who was arrested in connection with a shooting incident at an All Progressives Congress, APC, rally in Ilesa.
The incident occurred on Saturday and reportedly left four people injured, including a teenager identified as Tobi Ilesanmi.
The command’s spokesperson, DSP Abiodun Ojelabi, said Adejoorin was taken into custody after police officers arrived at the scene, secured the area and began collecting evidence.
According to Ojelabi, the commissioner’s vehicle was stopped at the location, where an Amotekun operative allegedly linked to the shooting was also found.
“Immediately the incident was reported, our personnel moved to the scene and cordoned off the area before some exhibits were recovered, which included expended cartridges and Amotekun personnel caps.
“Also, Mr Adejoorin was arrested at the scene and taken to the command for questioning as part of the investigation process,” Ojelabi said.
The development came amid heightened attention to the incident after a video circulated on social media on Sunday showing Adejoorin leaving the police command.
Confirming the development, Ojelabi told Vanguard that the commissioner had been released on bail but said he was still awaiting clarification on the status of the Amotekun operative who was arrested alongside him.
“It is true that the commissioner has been released on bail today, but I am yet to clear the situation with the Amotekun personnel arrested with him,” he said.
Police investigations into the circumstances surrounding the shooting are ongoing.
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