Friday, June 27, 2025
  • About
  • Advertise
  • Careers
  • Contact
Newsroom Nigeria
  • Home
  • News
    • Across the Nation
    • Crime Watch
    • Metro
    • Political Arena
  • Politics
  • Opinions
  • Crime and Court
    • Judiciary
  • Business
    • Banking
    • Business and Economy
    • Business Life
No Result
View All Result
Newsroom Nigeria
Home BUSINESS LIFE

TINUBU APPROVES TAKEOFF OF CONSUMER CREDIT SCHEME

Consumer credit serves as the lifeblood of modern economies, enabling citizens to enhance their quality of life by accessing goods and services upfront

Newsroom Nigeria by Newsroom Nigeria
April 24, 2024
in BUSINESS LIFE, News
Reading Time: 1 mins read
0
SHARES
Share on FacebookShare on Twitter

President Bola Tinubu has approved the takeoff of the first phase of the Consumer Credit Scheme.

Consumer credit serves as the lifeblood of modern economies, enabling citizens to enhance their quality of life by accessing goods and services upfront, paying responsibly over time. It facilitates crucial purchases, such as homes, vehicles, education, and healthcare, essential for ongoing stability to pursue their aspirations.

Related posts

TINUBU EMBARKS ON STATE VISIT TO SAINT LUCIA, ATTENDS BRICS SUMMIT IN BRAZIL

TINUBU EMBARKS ON STATE VISIT TO SAINT LUCIA, ATTENDS BRICS SUMMIT IN BRAZIL

June 27, 2025
Court Jails 14 Chinese for Cyberterrorism, Internet Fraud in Lagos

Court Jails 14 Chinese for Cyberterrorism, Internet Fraud in Lagos

June 27, 2025

Through responsible repayment, individuals build credit histories, unlocking more opportunities for a better life. Additionally, the increased demand for goods and services stimulates local industry and job creation.

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

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.

Working Nigerians interested in receiving consumer credit can visit www.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 cascading to members of the public.

 

ShareTweetSendShareShare
Previous Post

Tinubu to Judiciary: Our Justice System Must Guarantee Well-being Of Nigerians

Next Post

FG REVOKES 924 MINING LICENSES

Related Posts

TINUBU EMBARKS ON STATE VISIT TO SAINT LUCIA, ATTENDS BRICS SUMMIT IN BRAZIL
Bilateral Trade

TINUBU EMBARKS ON STATE VISIT TO SAINT LUCIA, ATTENDS BRICS SUMMIT IN BRAZIL

June 27, 2025
Court Jails 14 Chinese for Cyberterrorism, Internet Fraud in Lagos
JUDICIARY

Court Jails 14 Chinese for Cyberterrorism, Internet Fraud in Lagos

June 27, 2025
FirstBank Wins Gold for Best Corporate University in Social & Climate Change Impact
BANKING

FirstBank Wins Gold for Best Corporate University in Social & Climate Change Impact

June 26, 2025
Alleged N110b Fraud: Court Adjourns Yahaya Bello’s Trial to July 8
JUDICIARY

Alleged N110b Fraud: Court Adjourns Yahaya Bello’s Trial to July 8

June 26, 2025
BANKING

Fidelity MD, Onyeali-Ikpe Urges Women to Embrace Lifelong Learning and Collaboration for Career Success

June 22, 2025
Foreign

WEST AFRICA MUST TURN DEMOGRAPHIC STRENGTH AND MINERAL WEALTH INTO JOBS AND INDUSTRY, SAYS TINUBU

June 21, 2025
Next Post

FG REVOKES 924 MINING LICENSES

RECOMMENDED NEWS

VIEWPOINT: ONE HUNDRED DAYS AFTER BUHARI.

2 years ago

HOW “OBASANJO’S SON” DEFRAUDED ME OF N300 MILLION – WITNESS TELLS COURT

3 years ago

OPINION: DO NIGERIAN LEADERS READ?

2 years ago

Speaker Obasa Clarifies Negative Perceptions As Sanwo-Olu Presents 2025 Budget

7 months ago

FOLLOW US

POPULAR NEWS

  • TAU Students Win Big   at National Innovation Challenge

    TAU Students Win Big   at National Innovation Challenge

    0 shares
    Share 0 Tweet 0
  • Troops Foil Deadly Terrorist Attack In Niger State, Lose 17 Soldiers

    0 shares
    Share 0 Tweet 0
  • NEW TAX LAWS, THE WAY FORWARD FOR NIGERIA’S PROSPERITY, SAYS TINUBU

    0 shares
    Share 0 Tweet 0
  • ADEBAYO HELD ALOFT THE BANNER OF THE UPN, LED BY OBAFEMI AWOLOWO, TINUBU PENS TRIBUTE TO A TRUE STATESMAN

    0 shares
    Share 0 Tweet 0
  • TINUBU SIGNS  FOUR TAX BILLS INTO LAW TO TRANSFORM FISCAL, REVENUE FRAMEWORK

    0 shares
    Share 0 Tweet 0
Newsroom Nigeria

This independent, liberal online news platform aims to inform citizens about important issues. NEWSROOM NIGERIA covers political, business, economic, national, and international news. They are committed to journalism ethics and hold the government accountable.

  • About
  • Advertise
  • Careers
  • Contact

© 2025 Newsroom Nigeria - Designed by Semasir Connect.

No Result
View All Result
  • Home
  • News
    • Across the Nation
    • Crime Watch
    • Metro
    • Political Arena
  • Politics
  • Opinions
  • Crime and Court
    • Judiciary
  • Business
    • Banking
    • Business and Economy
    • Business Life

© 2025 Newsroom Nigeria - Designed by Semasir Connect.