Subscribe to Updates

    Get the latest news as they happen

    What's Hot

    Ex-Vice President Atiku Abubakar officially resigned from PDP

    July 16, 2025

    BRT-Bus Drivers Urgently Needed In Lagos State

    July 16, 2025

    CDS Admonishes Community Ownership of National Assets, Praises PINL on Zero Infractions

    July 16, 2025
    Facebook Twitter Instagram
    Megastar Magazine
    • Politics

      APC wins all chairmanship positions in Lagos LG election

      July 13, 2025

      ADC releases names of all party chairmen across Nigeria

      July 10, 2025

      INEC starts media accreditation, opens portal for by-elections

      July 9, 2025

      APC commences sale of forms for NASS bye-elections

      July 8, 2025

      Aregbesola becomes National Secretary of ADC interim, reveals agenda

      July 2, 2025
    • Entertainment
      1. People
      2. Events
      3. Fashion
      Featured
      Lifestyle July 16, 2025

      Beware: Almost got Initiated into witchcraft on internet – Olayode

      Recent

      Beware: Almost got Initiated into witchcraft on internet – Olayode

      July 16, 2025

      Yul Edochie announces his new Igbo Title

      July 15, 2025

      LG LAUNCHES “RADIO OPTIMISM” CAMPAIGN TO SPREAD “LIFE’S GOOD” THROUGH MUSIC

      July 14, 2025
    • Business

      Stanbic IBTC Bank Secures CNY800 Million Term Loan Agreement with China Development Bank

      July 16, 2025

      Polaris Bank Commits to continuous Investment in Journalism Excellence

      July 16, 2025

      DBN Training: Applications Open for 2025 Entrepreneurship Programme

      July 15, 2025

      Jumia: Temidayo Ojo becomes new CEO for Nigeria

      July 15, 2025

      MTN showcases 5G rollout strategy at Swish Fusion Summit

      July 15, 2025
    • Health

      JDPC sets up Trauma Centre for victims of attacks in Plateau

      July 16, 2025

      Healthcare centre named after Remi Tinubu in Lagos

      July 11, 2025

      First Lady, Oluremi Tinubu inaugurates 30-bed Primary Health Centre in Lagos

      July 10, 2025

      Sterling Bank recognised for 2025 Nigerian Healthcare Excellence Awards

      July 4, 2025

      FG approves ₦65bn as intervention to basic health services in 2025

      July 2, 2025
    • Culture

      Rite Foods Powers Ojude Oba Festival, Adds Colour to its Festivities, Reinvigorates Participants with Its Award-winning Brands

      June 11, 2025

      Glo Celebrates 20-Years Of Showcasing Ojude Oba To The World With Gifts Of Cars, Tricycles And More

      June 9, 2025

      House Of Adron Illuminates Ojude Oba Festival With Grandeur, Honours Awujale Of Ijebuland

      June 8, 2025

      Ijebu Ode aglow with grandeur, culture at Ojude Oba festival

      June 8, 2025

      2025 Durbar Festival: Crowd gather in Ilorin to celebrate in grand style

      June 8, 2025
    • Lifestyle

      Beware: Almost got Initiated into witchcraft on internet – Olayode

      July 16, 2025

      Destiny, Endurance and Victory of Oba Sikiru Adetona, the Awujale of Ijebuland

      July 15, 2025

      Let Our Forests Breathe: Africa’s Call for Climate Justice

      July 14, 2025

      Joke Silva celebrates her husband, Olu Jacobs at 83

      July 11, 2025

      Joke Silva celebrates Olu Jacobs at 83

      July 11, 2025
    • Sports

      FIFA Club World Cup: Chelsea defeat PSG 3-0 to win

      July 14, 2025

      Falcons certain of $200k for q’final qualification in WAFCON

      July 12, 2025

      Galatasaray ready to offer €75 million for Osimhen – Fabrizio Romano

      July 12, 2025

      WAFCON 2024: Super Falcons Advances To Quarterfinals After Win Over Botswana 

      July 11, 2025

      FIFA ranking for Super Eagles, drop to 44th globally

      July 11, 2025
    • Contact
    YouTube Facebook Instagram WhatsApp
    Megastar Magazine
    Home»Business»First Phase of Consumer Credit Scheme begins as approved by the President
    Business

    First Phase of Consumer Credit Scheme begins as approved by the President

    Ifetayo AdeniyiBy Ifetayo AdeniyiApril 25, 20242 Mins Read
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email Telegram
    Share
    Facebook Twitter WhatsApp Telegram Email

    First Phase of Consumer Credit Scheme begins as approved by the President

     

    Nigerian Credit Scheme

     

    President Bola Tinubu has approved the take-off 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.

    A statement issued by presidential spokesman, Ajuri Ngelale on Wednesday said the President believed 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.

    According to Ngelale, 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.

    He said this initiative, in collaboration with financial institutions and cooperatives nationwide, aims to broaden consumer credit availability.

    Ngelale added that working Nigerians interested in receiving consumer credit can visit www.credicorp.ng to express interest, saying that the deadline is May 15, 2024.

    He said the scheme would be rolled out in phases, starting with members of the civil service and cascading to members of the public.

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Previous ArticleToo much attention on wedding rather than marriage, many married ladies can’t cook at 28
    Next Article ASR Africa begins the construction of N250m Sport Complex for UNIJOS
    Ifetayo Adeniyi
    • Website

    Adeniyi Ifetayo Moses is an Entrepreneur, Award winning Celebrity journalist, Luxury and Lifestyle Reporter with Ben tv London and Publisher, Megastar Magazine. He has carved a niche for himself with over 15 years of experience in celebrity Journalism and Media PR.

    Related Posts

    News July 16, 2025

    Ex-Vice President Atiku Abubakar officially resigned from PDP

    News July 16, 2025

    BRT-Bus Drivers Urgently Needed In Lagos State

    News July 16, 2025

    CDS Admonishes Community Ownership of National Assets, Praises PINL on Zero Infractions

    News July 16, 2025

    JDPC sets up Trauma Centre for victims of attacks in Plateau

    News July 16, 2025

    Meta erases 10 million fake profiles, strengthens content rules

    Business July 16, 2025

    Stanbic IBTC Bank Secures CNY800 Million Term Loan Agreement with China Development Bank

    Leave A Reply Cancel Reply

    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

    Don't Miss
    News July 16, 2025

    Ex-Vice President Atiku Abubakar officially resigned from PDP

    Ex-Vice President Atiku Abubakar officially resigned from PDP Atiku Abubakar Ex-Vice President Atiku Abubakar officially…

    BRT-Bus Drivers Urgently Needed In Lagos State

    July 16, 2025

    CDS Admonishes Community Ownership of National Assets, Praises PINL on Zero Infractions

    July 16, 2025

    JDPC sets up Trauma Centre for victims of attacks in Plateau

    July 16, 2025

    Subscribe to Updates

    Get the latest news as they happen

    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    About Us
    About Us

    We are Multimedia company that specializes in Events Coverage and Planning, Media Publicity, Publishing, Awards and Outsourcing in giving styles to your event and creating brand visibility for your products and services.

    Email Us: officialmegastarmagazine@gmail.com
    Contact: +234 705 311 1111

    Our Picks

    Ex-Vice President Atiku Abubakar officially resigned from PDP

    July 16, 2025

    BRT-Bus Drivers Urgently Needed In Lagos State

    July 16, 2025

    CDS Admonishes Community Ownership of National Assets, Praises PINL on Zero Infractions

    July 16, 2025
    New Comments
    • Anozie okolo on Supreme Court Affirms President Tinubu’s Victory As Atiku, Peter Obi Lose
    • Mc richman on Nigeria and South African Music histories
    • Moses Ibrahim on Olu of Warri: Pictorial @ The Ogiame Atuwatse III Economic Summit.
    • Sen Rich Kay on MALARIA ERADICATION: Prince Ned Nwoko & NMEP Meet for joint action.
    Megastar Magazine
    YouTube Facebook WhatsApp Instagram
    • Privacy Policy
    • Terms of Use
    • Contact Us
    © 2025 Megastar Magazine. Designed by MANNDI

    Type above and press Enter to search. Press Esc to cancel.