More than one million applicants have made a cumulative N1.3trillion loan request from Nigerian Consumer Credit Corporation (CreditCorp).

They are among those eyeing participation in the consumer credit scheme of the Federal Government due to go into operation very soon.

No fewer than 500,000 Nigerians are expected to benefit from the scheme by the end of next year, The Nation learnt.

The scheme, a key campaign promise of President Bola Ahmed Tinubu, is programmed to enable Nigerians have access to soft loans to acquire properties that will make life easy for them without paying a lump sum.

A report by CreditCorp survey said: “In one week, over one million Nigerians submitted Expressions of Interest (EOI) to CREDICORP for consumer credit.’’