President Bola Tinubu has approved the launch of the first phase of the Consumer Credit Scheme in Nigeria, a programme designed to offer credit facilities too working citizens in the country.
The President’s Special Adviser on Media and Publicity, Ajuri Ngelale, said this in a statement on Tuesday, in Abuja.
According to the statement, the initiative would be implemented in stages, beginning with civil service members and then extending to the general public.
Ngelale noted that working Nigerians interested in receiving consumer credit can visit credicorp.ng to express interest.
Furthermore, Ngelale explained that the Nigerian Consumer Credit Corporation (CREDICORP) achieves its mandate through the following: 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.
Offering credit guarantees and wholesale lending to financial institutions dedicated to broadening consumer credit access today.
Promoting responsible consumer credit as a pathway to an improved quality of life, fostering a cultural shift towards growth and financial responsibility.
Ngelale further stated that following the President’s directive to enhance access to consumer credit for Nigerians, CREDICORP has introduced a portal where Nigerians can indicate their interest in obtaining consumer credit.
He explained that this initiative, in partnership with financial institutions and cooperatives across the country, seeks to expand the availability of consumer credit.
He added that working Nigerians who are interested in obtaining consumer credit should visit credicorp.ng to register their interest.
