The Federal Government has launched a new loan program through the Nigerian Consumer Credit Corporation to provide financial relief to Nigerians facing the impact of recent fuel price hikes. CREDICORP, a Development Finance Institution (DFI), was established to democratise access to consumer credit for Nigeria’s working population. The loans are being offered through participating financial institutions to help households meet urgent needs and ease the burden on their budgets. I can’t thank CREDICORP and President Bola Ahmed Tinubu enough.”This loan program comes at a critical time as Nigerians struggle with soaring fuel costs. “Capital to provide funding and credit guarantees to financial institutions that expand consumer credit access and cultural re-orientation, majorly to educate the public on responsible credit usage and encouraging institutions to improve consumer credit underwriting.

Source: Punch October 07, 2024 17:24 UTC