President Bola Tinubu has approved the takeoff of the first phase of the Consumer Credit Scheme.
Consumer credit serves as the lifeblood of modern economies, enabling citizens to enhance their quality of life by accessing goods and services upfront, paying responsibly over time. It facilitates crucial purchases, such as homes, vehicles, education, and healthcare, essential for ongoing stability to pursue their aspirations.
Through responsible repayment, individuals build credit histories, unlocking more opportunities for a better life. Additionally, the increased demand for goods and services stimulates local industry and job creation.
The President believes every hardworking Nigerian should have access to social mobility, with consumer credit playing a pivotal role in achieving this vision.
The Nigerian Consumer Credit Corporation (CREDICORP) achieves its mandate through the following:
(1) Strengthening Nigeria’s credit reporting systems, ensuring every economically active citizen has a dependable credit score. This score becomes personal equity they build, facilitating access to consumer credit.
(2) Offering credit guarantees and wholesale lending to financial institutions dedicated to broadening consumer credit access today.
(3) Promoting responsible consumer credit as a pathway to an improved quality of life, fostering a cultural shift towards growth and financial responsibility.
In line with the President’s directive to expand consumer credit access to Nigerians, the Nigerian Consumer Credit Corporation (CREDICORP) has launched a portal for Nigerians to express interest in receiving consumer credit.
This initiative, in collaboration with financial institutions and cooperatives nationwide, aims to broaden consumer credit availability.
Working Nigerians interested in receiving consumer credit can visit credicorp.ng to express interest. The deadline is May 15, 2024.
The scheme will be rolled out in phases, starting with members of the civil service and cascading to members of the public.
Chief Ajuri Ngelale
Special Adviser to the President
(Media & Publicity)
Opeyemi
That’s great
I just hope it’s all true
John luciano
How true is this? Just hope is not one of those government schemes that won’t see the light of day?
Chioma
Buh seriously tinubu is trying its just Nigerians that is blacklist him
Well done sir
Oma
I hope they will be serious about it.
okohmichael28
Can any citizen access it or there will be some criteria to meet First?
Omiyale Abiodun John
This is nice I must commend
I pray it last long
demola14
I just hope is not audio scheme can we see it take effect soon
Ololade Taiwo Michael
Nice move….we hope for more improvement.
Okonkwo collins uchenna
I like as tinubu open this matter o
Tofunmi
This is so nice
Thank God it has been approved
Esther ogunseemi
I can’t believe it’s finally Approved 🤭😚… Its good New to us all
demola14
I don’t trust this tinubu government one bit to much lies
Umair Esther Eniola
It’s a nice scheme to help the general public .let’s hope it works out and becomes something that actually helps the hardworking youths of Nigeria