Home News Tinubu approves take-off of Consumer Credit Scheme

Tinubu approves take-off of Consumer Credit Scheme

Tinubu approves take-off of Consumer Credit Scheme

President Bola Tinubu has approved the take-off of the first phase of the Consumer Credit Scheme (CCS) starting with members of the civil service

This is contained in a statement by Chief Ajuri Ngelale, Special Adviser to the President on Media and Publicity, on Wednesday in Abuja.

The scheme is managed by the Nigerian Consumer Credit Corporation (CREDICORP) .

The CCS 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.

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.

Ngelale said that the president believed every hardworking Nigerian should have access to social mobility, with consumer credit playing a pivotal role in achieving this vision.

He said that the CREDICORP achieves its mandate through three major frameworks.

He explained that working Nigerians interested in receiving consumer credit can visit www.credicorp.ng to express interest before the deadline of May 15.

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