Business News

1.6 million Nigerians Apply for New Consumer Credit Scheme

Consumer Credit Scheme

By Adedapo Adesanya The federal government said about 1.6 million Nigerians have submitted applications for the Consumer Credit Scheme launched recently. This is according to the Managing Director and Chief Executive Officer (CEO) of the Nigerian Consumer Credit Corporation (CREDICORP) when he appeared on Channels TV on Tuesday. Last month, President Bola Tinubu launched the first phase of the Consumer Credit Scheme. The programme allows working citizens to access loans for important purchases. Now, less than a month since the take-off of the scheme, the CREDICORP boss described the volume of applications received so far as overwhelming. “It has been