Key points about Tinubu’s consumer credit scheme for Nigerians.
President Bola Ahmed Tinubu has greenlit the N100 billion Consumer Credit Scheme to alleviate economic hardships. Here are 7 key points:
- The scheme, conducted with financial institutions and cooperatives nationwide, expands consumer credit accessibility.
- It’s crucial for citizens to access goods and services upfront and pay responsibly over time, enhancing their quality of life.
- It facilitates essential purchases like homes, vehicles, education, and healthcare.
- The scheme allocates a significant N100 billion for consumer credit loans.
- All working-class Nigerians are eligible to apply.
- Applications opened on April 24 and close on May 15, 2024.
- The rollout starts with civil servants, extending to the public later.
To apply, follow a 5-stage registration process, including providing personal information, credit needs, primary and secondary employment details, and a face capture.
