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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.”
The Nigerian National Petroleum Company Limited, NNPCL, has slashed its fuel pump price for the second time within four days.
A market survey on Saturday by DAILY POST showed that NNPCL retail outlets around Airport Junction and Wuse Zone 6 (Berger) in Abuja have reduced their petrol price to N1210 per litre, down from N1260.
This means that the state-owned oil firm slashed the petrol price by N50 per litre.
This comes barely two days after Dangote Refinery reduced its petrol gantry price by N50 to N1,125 per litre.
Recall that four days ago, NNPCL had adjusted its fuel price pump by N75 per litre to N1260.
With the latest drop by NNPCL retail outlets, petrol prices stand between N1210 per litre and N1305 per litre in Abuja and its environs.
The reduction in domestic fuel comes amid falling crude oil prices, which stand at $69 per barrel and $71 per barrel for West Texas Intermediate and Brent crude, respectively, following the easing of the conflict in the Middle East.
Recall that President Bola Tinubu has kept mum amid the clamour by Nigerians for a commensurate drop in domestic fuel pump prices due to the significant reduction in crude oil prices.
The Independent National Electoral Commission, INEC, has said it is yet to receive the Certified True Copy, CTC, of the Federal High Court judgment that set aside an earlier order directing it to register the Nigeria Democratic Congress, NDC, as a political party.
INEC revealed this in a statement issued on Saturday by its Chief Press Secretary and Media Adviser to the Chairman, Adedayo Oketola.
According to the commission, although it is aware of media reports on the judgment delivered by the Federal High Court sitting in Lokoja on June 26, it cannot comment on the ruling until it obtains and reviews the certified copy.
The Independent National Electoral Commission, INEC, is aware of reports circulating in the media regarding the judgment delivered on Friday, June 26, 2026, by the Federal High Court sitting in Lokoja, which set aside an earlier order concerning the registration of the Nigeria Democratic Congress.
“However, as of this moment, the Commission has not yet received the Certified True Copy, CTC, of the court’s order,” the statement said.
INEC stated that its legal department would study the judgment upon receipt of the CTC before advising the commission on the next course of action.
“Once the Commission’s legal department receives and thoroughly studies the CTC of the judgment, INEC will take an informed, lawful decision in line with the court’s directives.
“Until then, we cannot comment on the specifics of the ruling, and the public is urged to await the Commission’s formal position on the matter,” Oketola added.
Justice Isah Dashen of the Federal High Court in Lokoja had on Friday set aside the court’s December 10, 2025, judgment directing INEC to register the NDC as a political party.
The court held that the rights of the Peace Movement Party were affected by the earlier judgment because it was not joined in the suit despite claiming ownership of the logo relied upon in securing the registration order.
Justice Dashen consequently ordered that all parties be restored to the positions they occupied before the December 2025 judgment and directed that the substantive suit be heard afresh with all necessary parties joined.
The NDC has rejected the ruling and announced plans to appeal the decision. Its National Chairman, Senator Moses Cleopas, maintained that the party had not been deregistered and argued that the trial court lacked jurisdiction to revisit a matter on which it had already delivered a final judgment.
The ruling has also attracted reactions from opposition figures, including the NDC’s presidential candidate, Peter Obi, the party’s National Leader, Senator Henry Dickson, and other stakeholders, who described the decision as a threat to Nigeria’s multiparty democracy and vowed to challenge it through all available legal channels.
INEC, however, maintained that it would reserve its position on the judgment until it receives and reviews the Certified True Copy.
A joint police operation rescued five victims abducted near Ogbere Forest in Ogun state on Wednesday.
They were rescued within 25 hours by the Lagos and Ogun Police Commands, which were part of a joint operation codenamed KOSAYE, meaning “No Space” in Yoruba.
The woman was among the victims who were shot in the incident. Her daughter and sister were among those rescued by the police on Thursday.
NNPC slashes petrol price twice within four days
Lokoja Court order: INEC speaks on NDC, says it’s yet to receive CTC
Just in: Police rescue five abductees in Ogun
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