President Bola Tinubu approves first phase of Nigeria's Consumer Credit Scheme to provide social mobility through responsible credit access.

President Bola Tinubu has approved the first phase of Nigeria's Consumer Credit Scheme, which aims to provide social mobility to hardworking citizens through responsible credit access. The Nigerian Consumer Credit Corporation (CREDICORP), responsible for implementing the scheme, plans to strengthen credit reporting systems, offer credit guarantees, and promote responsible consumer credit practices. Interested Nigerians can visit www.credicorp.ng to express their interest in receiving consumer credit. The scheme will be introduced in phases, starting with civil servants and gradually extending to the public.

April 24, 2024
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