Consumer Credit: Great News as President Tinubu Approves Takeoff of Scheme

• Nigerians now have more reasons to rejoice, thanks to the launch of the federal government’s Consumer Credit scheme
• The presidency in a statement released on Wednesday, April 24, said that President Bola Tinubu has approved the takeoff of the initiative
• The scheme will help Nigerians have access to goods and services upfront and pay in a fixed and organised method later

President Bola Tinubu on Wednesday, April 24, approved the takeoff of the first phase of the Consumer Credit Scheme.

The consumer credit serves as the lifeblood of modern economies, enabling citizens to enhance their quality of life by accessing goods and services upfront, and paying responsibly over time.

The president is giving Nigerians reason to trust his administration
(Photo: @officialABAT/X)Source: Twitter

In a statement released by the president’s media aide, Ajuri Ngelale, the presidency explained that the initiative facilitates crucial purchases, such as homes, vehicles, education, and healthcare, essential for ongoing stability to pursue their aspirations.

According to the presidency, with the scheme, individuals can build credit histories, unlocking more opportunities for a better life, apart from the fact that the increased demand for goods and services stimulates local industry and job creation.

The presidency believes every hardworking Nigerian should have access to social mobility, with consumer credit playing a pivotal role in achieving this vision.

It explained that 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.

Nigerians who are interested in receiving consumer credit can visit http://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 then members of the public.

Tinubu appoints CEO for consumer credit corporation

Meanwhile, Tinubu had approved the appointment of Engineer Uzoma Nwagba as the Managing Director/Chief Executive Officer of the Nigerian Consumer Credit Corporation (CREDICORP).

The presidency confirmed Nwagba’s appointment in a statement signed and issued to newsmen on Friday, April 5.

Source: TheTalk.NG

Drama as DSS Storms National Assembly, Details Emerge

DSS operatives have reportedly stormed the national assembly complex and manhandled two staff members of the assembly Chris Odoh and John Nnadi, a deputy director and senate committee on petroleum (downstream), were two staff members the DSS manhandled The operatives asked them for their identity cards, and they were taken to their office at the … Continue reading here ▶

Tragedy as Lagos Man Dies While Watching Favourite Football Club Play

A middle-aged man who is a football enthusiast has reportedly passed away in Lagos state during his leisure hours Reports making the rounds online on Saturday revealed that the man died while watching a football match, one of his favourite club play against its rivals, at a bar in Lagos SP Benjamin Hundeyin, the spokesperson … Continue reading here ▶

BREAKING: Tension As Soldiers Allegedly Take Over Popular Market in Abuja, Reason Emerges

An emerging report has it that soldiers have stormed Banex Market in Abuja following the assault on some of their colleagues. The Punch earlier reported that a mob descended on at least two soldiers in the markets where electronic gadgets and mobile phones are mostly sold. The thugs who broke into groups had slapped, kicked … Continue reading here ▶

Photos, Video Emerge As Peter Obi Visits Late Actor Junior Pope’s Home, Comforts Grieving Family

Peter Obi on Saturday, May 18, confirmed his visit to the late actor Junior Pope’s home in Enugu state The 2023 presidential candidate of the Labour Party, paid a condolence visit to the family of the late Nollywood actor and shared photos of the development The former governor of Anambra state signed the condolence register … Continue reading here ▶

“Correct Pastor”: Mixed Reactions as Cleric Suspends Offering in Church Due to Harsh Economic

Nigerians have expressed mixed reactions to a video of a pastor who asked church members to stop paying offerings to the church because of the economic situation in the country The cleric urged the congregation to come to church and serve God and paying of offerings that return when the economic pressure was down Some … Continue reading here ▶