Joining
Who can join Blueapril?
Young Nigerian professionals, wherever they live. Final-year university students and graduates awaiting NYSC are welcome to apply too. Members in Lagos, Abuja, London, Toronto or Berlin all belong to the same society.
How much does it cost to join?
The membership fee is ₦50,000 (one-time). Share capital is bought in units of ₦50,000 — at least one unit (₦50,000), and you can buy more at any time. Ordinary savings are at least ₦50,000 a month. To be considered, you pay the membership fee and at least one of your first month's savings or your share capital.
Do I need a referral?
Yes. Blueapril grows through people who know each other: you register with an existing member's referral code. If you don't know a member yet, write to us and we'll tell you about the next open session.
How do I join?
Apply online, complete KYC (a government ID, proof of address and your BVN) and name your next of kin, attend a short interview with the membership committee, and pay your dues. Once admitted, your wallets open and you can start saving.
Money
What are the three savings pots?
Ordinary savings are the monthly commitment every member makes; they stay in the society for as long as you are a member and are paid out when you leave. Voluntary savings (naira) and dollar savings are extra pots you can add to and withdraw from. Savings never cross currencies.
Can I really save in US dollars?
Yes. Every member has a naira wallet and a dollar wallet, because many members earn in one currency and spend in the other. Fund the dollar wallet with USDT or USDC, or by a naira transfer converted at the society's published rate.
Do you offer loans?
Yes — Blueapril is a credit society. After six months of saving, members can borrow up to three times their stake in the society (savings plus shares) for personal or business needs, with two guarantors who are also members, at a transparent rate and a clear repayment schedule.
Do members earn dividends?
When the society earns a surplus — mostly from interest on member loans — the members decide at the annual general meeting how to share it: on shares, on savings, and as a refund to those who paid loan interest. There is no promised or guaranteed return.
Are there fees?
Members pay the processing costs of their own transactions (for example, bank transfer fees on withdrawals), so no member subsidises another. Every fee is shown before you confirm.
Trust and governance
How is my money kept safe?
Every naira and cent is recorded on a strict double-entry ledger — the discipline a bank uses — with a tamper-proof audit trail. Large withdrawals need a second officer to approve them, and officers must use two-factor authentication.
Who runs Blueapril?
Its members. The general meeting of members is the highest authority; it elects a management committee to run the society day to day, and every decision that matters — the surplus, amendments to the bye-laws, elections — comes back to members to vote on.
Is Blueapril a bank or an investment scheme?
Neither. It is a cooperative investment and credit society: a member-owned association that pools members’ savings and lends to members. Nothing on this site is an offer of investment or a promise of returns.
What happens if I leave?
You can leave under the bye-laws. Your ordinary savings are paid out to you when you exit, and your share capital is settled under the bye-laws — after any loan you owe is cleared.
Our mandate
What is Blueapril’s mandate?
Nation building. Blueapril brings together young Nigerians who believe in the country’s future and want to help build it: capital first, then the enterprises Nigeria needs, then leaders who carry that discipline into public life. Today the society does the first part — saving and lending among members.
Is Blueapril political?
Blueapril has a point of view: that Nigeria’s future should be built and led by its own citizens, and we hope to see members serve in public life. But it is a cooperative, not a political party, and it is open to members of every party.
Will my savings ever be used for politics?
No. Members’ savings, share capital, the surplus and every fund of the society are never used for political purposes.
If you’re betting on the naira, why offer dollar savings?
We don’t bet against the dollar, and many members, especially abroad, earn in dollars. But our view is that the naira’s best years are ahead of it, as Nigeria’s are, and we want members’ savings working at home. That is a view, not a promise: exchange rates move, and value in one currency can rise or fall against the other.
Do I have to support a particular party?
No. We never ask how you vote, and the society never tells members how to vote. What we ask is that you share the mandate: a belief in Nigeria’s future and a willingness to help build it.
Build the future with people like you.
Save in naira and dollars, borrow for less, share in what the society earns — and help shape what we build next.