President Tinubu Approves Takeoff Of Consumer Credit Scheme - Politics

Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,152,962 members, 7,817,820 topics. Date: Saturday, 04 May 2024 at 08:25 PM

President Tinubu Approves Takeoff Of Consumer Credit Scheme - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / President Tinubu Approves Takeoff Of Consumer Credit Scheme (17803 Views)

President Tinubu Appoints Uzoma Nwagba As CEO Of Consumer Credit Corporation / FG To Pay Youth Unemployment Benefits, Sets Up Consumer Credit Programme / Tinubu Approves ₦35,000 Wage Award To Civil Servants (2) (3) (4)

(1) (2) (3) (4) (Reply) (Go Down)

President Tinubu Approves Takeoff Of Consumer Credit Scheme by UncleAyo: 4:00pm On Apr 24

A welcome development

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.

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.

Chief Ajuri Ngelale

Special Adviser to the President

(Media & Publicity)

April 24, 2024

https://nta.ng/2024/04/24/president-tinubu-approves-takeoff-of-consumer-credit-scheme/

21 Likes 7 Shares

Re: President Tinubu Approves Takeoff Of Consumer Credit Scheme by socialmediaman: 4:00pm On Apr 24

Re: President Tinubu Approves Takeoff Of Consumer Credit Scheme by Dikegodspower(m): 4:04pm On Apr 24

Akuko mama Ngozi na ndi yard

32 Likes 1 Share

Re: President Tinubu Approves Takeoff Of Consumer Credit Scheme by StOla: 4:05pm On Apr 24

Tinubu, if you see this one do, your name will never be forgotten.

55 Likes 7 Shares

Re: President Tinubu Approves Takeoff Of Consumer Credit Scheme by AntiMarxist: 4:06pm On Apr 24

Larry Fink is ruling Nigeria .

President Tinubu no be everything from BlackRock you go take.

This is pure Jewish ursury that only ends up bankrupting society .

The student loan thing is pure evil .

28 Likes 8 Shares

Re: President Tinubu Approves Takeoff Of Consumer Credit Scheme by Melagros(m): 4:13pm On Apr 24

COMRADES, this act will not benefit a common man in the streets

26 Likes 4 Shares

Re: President Tinubu Approves Takeoff Of Consumer Credit Scheme by UncleAyo: 4:44pm On Apr 24

Melagros:
COMRADES, this act will not benefit a common man in the streets

Please, can you educate me on why it will not benefit the commoners.

39 Likes 7 Shares

Re: President Tinubu Approves Takeoff Of Consumer Credit Scheme by FreeStuffsNG: 4:49pm On Apr 24

This is part of his political manifesto and he is following through on his promise to serve excellently, build new and innovative public service products that have the capacity to reach more Nigerians and improve their wellbeing.

This is just one of those great promises kept, more still on the way.

May God bless President Bola Ahmed Tinubu. May God bless Nigeria for ever! Check my signature for free stuffs!

64 Likes 9 Shares

Re: President Tinubu Approves Takeoff Of Consumer Credit Scheme by garfield1: 4:56pm On Apr 24

Melagros:
COMRADES, this act will not benefit a common man in the streets

It will boy

28 Likes 3 Shares

Re: President Tinubu Approves Takeoff Of Consumer Credit Scheme by ManirBK: 7:30pm On Apr 24

God bless the Jagaban of Nigeria

38 Likes 4 Shares

Re: President Tinubu Approves Takeoff Of Consumer Credit Scheme by Beremx(f): 7:32pm On Apr 24

Nice one from Tinubu. I hope many Nigerians will benefit unlike the 50k grant that many didn't know about

8 Likes

Re: President Tinubu Approves Takeoff Of Consumer Credit Scheme by chopnaira: 7:48pm On Apr 24

This is impressive. Never thought Nigeria would adapt the consumer credit scoring system.

25 Likes 5 Shares

Re: President Tinubu Approves Takeoff Of Consumer Credit Scheme by Goodvibes007: 8:13pm On Apr 24

Melagros:
COMRADES, this act will not benefit a common man in the streets

Illiteracy is really bad.

The common man uses lapo and other microfinance Bank credit products, so it will benefit them.

There are 916 microfinance Banks in Nigeria with multiple branches, if we also count the big banks with their branches, then only someone not intelligent would think this would not benefit the common man on the street.

61 Likes 4 Shares

Re: President Tinubu Approves Takeoff Of Consumer Credit Scheme by meum: 8:13pm On Apr 24

A country without proper data of her citizens? Let’s see how it goes

Winning123:

What is BVN and NIN then. Think before you comment

Think before you quote me.

Didn’t you see the report where people have been reported with two(some multiple) NINs? Go & look for that news

Do the unbanked in the society have BVN?

Most people with BVN are experiencing issues with mixed up data.

Even the network providers & banks are still asking their subscribers/customers to come & update their numbers/accounts with information that was already given to them years ago.

Is that what you call proper data in a country? Next time think before you quote any comment.

12 Likes 2 Shares

Re: President Tinubu Approves Takeoff Of Consumer Credit Scheme by vanitybutiwanti: 8:13pm On Apr 24

Nice, nobody is challenging him in 2027 provided he's alive

14 Likes 2 Shares

Re: President Tinubu Approves Takeoff Of Consumer Credit Scheme by Ogonimilitant(m): 8:13pm On Apr 24

Propaganda does govern a nation.
Everything fake like the fake Bishops
Ronu people have occupied the font seat already

6 Likes 1 Share

Re: President Tinubu Approves Takeoff Of Consumer Credit Scheme by kingsways: 8:14pm On Apr 24

Re: President Tinubu Approves Takeoff Of Consumer Credit Scheme by harmargedon: 8:14pm On Apr 24

Re: President Tinubu Approves Takeoff Of Consumer Credit Scheme by jiz: 8:14pm On Apr 24

Re: President Tinubu Approves Takeoff Of Consumer Credit Scheme by rinaballa: 8:14pm On Apr 24

Yawn takeoff ko blast off ni

2 Likes 1 Share

Re: President Tinubu Approves Takeoff Of Consumer Credit Scheme by Eriggs: 8:14pm On Apr 24

Nice one Jagaban

8 Likes 3 Shares

Re: President Tinubu Approves Takeoff Of Consumer Credit Scheme by sonofthunder: 8:14pm On Apr 24

Melagros:
COMRADES, this act will not benefit a common man in the streets

My thoughts also..... May even leave them more improvished.

2 Likes

Re: President Tinubu Approves Takeoff Of Consumer Credit Scheme by vanitybutiwanti: 8:15pm On Apr 24

chopnaira:
This is impressive. Never thought Nigeria would adapt the consumer credit scoring system.

it will shore up our GDP if it's implemented properly

15 Likes 1 Share

Re: President Tinubu Approves Takeoff Of Consumer Credit Scheme by Eriggs: 8:15pm On Apr 24

Pigs will still cry

21 Likes 2 Shares

Re: President Tinubu Approves Takeoff Of Consumer Credit Scheme by Eriggs: 8:15pm On Apr 24

chopnaira:
This is impressive. Never thought Nigeria would adapt the consumer credit scoring system.

Very good initiative

11 Likes

Re: President Tinubu Approves Takeoff Of Consumer Credit Scheme by id4sho(m): 8:16pm On Apr 24

MMM: Money must be made tongue

Re: President Tinubu Approves Takeoff Of Consumer Credit Scheme by Kewtt: 8:16pm On Apr 24

I am only interested in the coy offering the credit

Re: President Tinubu Approves Takeoff Of Consumer Credit Scheme by jiz: 8:16pm On Apr 24

FreeStuffsNG:
This is part of his political manifesto and he is following through on his promise to serve excellently, build new and innovative public service products that have the capacity to reach more Nigerians and improve their wellbeing.

This is just one of those great promises kept, more still on the way.

May God bless President Bola Ahmed Tinubu. May God bless Nigeria for ever! Check my signature for free stuffs!

Re: President Tinubu Approves Takeoff Of Consumer Credit Scheme by GreaterFuture(m): 8:17pm On Apr 24

Very unlikely...

1 Like 1 Share

Re: President Tinubu Approves Takeoff Of Consumer Credit Scheme by tete7000(m): 8:17pm On Apr 24

All those hailing Jagaban on the front page should educate Nigerians how this works to empower them.

3 Likes

Re: President Tinubu Approves Takeoff Of Consumer Credit Scheme by hopexter(m): 8:18pm On Apr 24

AntiMarxist:
Larry Fink is ruling Nigeria .

President Tinubu no be everything from BlackRock you go take.

This is pure Jewish ursury that only ends up bankrupting society .

The student loan thing is pure evil .

Stop grunting you enemy of progress

Re: President Tinubu Approves Takeoff Of Consumer Credit Scheme by thaoriginator: 8:19pm On Apr 24

I tried to register motherfuckerrz dey yarn me say my email, nin and phone has been used for this already..

I'm like "Whatabloodclaaat!"

3 Likes

(1) (2) (3) (4) (Reply)

Damaturu, Yobe On Fire? / Buhari Should Forget South-west In 2019 – Fasehun / Osinbajo: With All My Experience, It Will Be Injustice If I Don't Contest

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 33
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.