Local News

N180tr Fed Govt’s Consumer Credit scheme set for takeoff

This is part of key major campaign promises of President Bola Ahmed Tinubu, along with the student loan scheme, which is also due to begin in September

Chief Executive Officer of CreditCorp, Uzoma Nwagba, told The Nation that the agency was on the last lap of planning for the take-off of the programme.

The goal is to make it possible for economically active Nigerians to have access to funding on credit for items that could make life comfortable for them, without having to pay upfront.

Nwagba said: “With consumer credit facility, if you have a modest income, you should be able to have access to a vehicle, solar panel, cell phone, laptop, education, house, and other things that improve the quality of your life, and you can pay for it over a prolonged period.”

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