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Flash🛎: PRESIDENT TINUBU APPROVES TAKEOFF OF CONSUMER CREDIT SCHEME
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 activ...
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