About 1.6 million Nigerians have submitted their applications for the consumer credit scheme (CreditCorp), the Federal Government said on Tuesday.
This was disclosed by the Managing Director and Chief Executive Officer (CEO) of the Nigerian Consumer Credit Corporation (CREDICORP), Uzoma Nwagba.
According to Nwagba, the exact figure of Nigerians that have shown interest was 1.6 million
Recall, on April 21, 2024, President Bola Tinubu launched the first phase of the Consumer Credit Scheme. The programme allows working citizens to access loans for important purchases. Three weeks after the take-off of the scheme, the CREDICORP boss described the volume of applications received so far as overwhelming.
“It has been overwhelming. We didn’t expect the volume of applications or expressions of interest when we put out an EoI just like a week after I was appointed,” Nwagba said during an interview on Channels Television’s Politics Today.
He said further, “As of today, we have about 1.6 million Nigerians who indicated interest, told us what they do, submitted their income information, and what they need credit for. We didn’t even expect that volume.
“So I think people have been listening to the utterances of the President and are quite expectant of this.
“It is our job and we are prepared to take a systematic approach to ensure that we continue to go through the demography of Nigeria.”
