Still on Loans for Corps Members
By Bilkisu Ahmed Shekarau
The Nation’s editorial of August 22, 2025, titled “Loan for Corps Members” rightly drew attention to the Federal Government’s new policy aimed at supporting Nigerian youths during their National Youth Service. However, it is important to place the initiative in its broader context and to recognize its significance beyond the immediate criticisms.
When President Bola Ahmed Tinubu assumed office, he inherited an economy struggling to provide opportunities for its youth—the largest demographic in the country. Any government that ignores this reality risks political, economic, and social instability. The new scheme, which combines a N77,000 monthly allowance with a N200,000 soft loan, is therefore a strategic investment in national stability. It seeks not only to cushion corps members during service but also to equip them with seed capital for enterprise and innovation.
Already, the scheme is having visible impact. Corps members are now more willing to serve across the country rather than clinging to familiar regions, fostering greater national integration. Federal agencies have also aligned with this vision. The National Education Loan Fund (NELFUND), for instance, has expanded access to higher education by enabling over 400,000 students to secure tuition loans in both universities and technical institutions. Likewise, the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) recently rolled out a N5 billion grant for young entrepreneurs, opening further pathways to economic participation.
The editorial rightly noted that youth empowerment cannot be left to the Federal Government alone. States and local governments must complement these efforts with scholarships, mentorship, and economic incentives that strengthen the entrepreneurial ecosystem. Nigeria must shed the image of being a consumer nation by turning its youthful energy toward production, innovation, and leadership.
This policy also builds on earlier efforts, such as the Not Too Young to Run initiative under President Muhammadu Buhari. Although limited in impact due to the financial disadvantage of young aspirants against entrenched politicians, the current reforms give youths a stronger economic footing to participate not only in business but also in governance. If nurtured, this will deepen democracy by infusing the political space with fresh perspectives and ideas.
Nigeria is often called the “giant of Africa.” To live up to that name, it must translate its population and natural wealth into tangible opportunities for its citizens—especially its youth. The loan scheme for corps members may not be perfect, but it is a commendable step in that direction. Rather than dismissing it, stakeholders should strengthen and expand it to ensure Nigerian youths are not left behind in shaping the country’s economic, social, and political future.
Bilkisu Ahmed Shekarau is an intern at PRNigeria and a student of Mass Communication at Nile University, Abuja. She can be reached via: [email protected]