CreditCorp, under the auspices of President Bola Tinubu's approval, is set to launch its Consumer Credit Scheme, prioritizing civil servants as the initial beneficiaries before extending to all Nigerians in subsequent phases. Civil servants are encouraged to express their interest in accessing credit from CREDITCORP by May 15 through the agency's website. President Tinubu emphasizes the importance of consumer credit in facilitating social mobility for hardworking Nigerians. The Nigerian Consumer Credit Corporation (CREDICORP) aims to enhance credit reporting systems, provide credit guarantees to financial institutions, and promote responsible consumer credit to improve the quality of life and foster financial responsibility among citizens.

Here is the official statement:

"Civil servants to benefit first from credit scheme as CREDITCORP takes off

CreditCorp is ready for take off as President Bola Tinubu approved the first phase of the Consumer Credit Scheme.

But civil servants will first access the credit provided by the agency before it is thrown open to all Nigerians in other phases.

Interested civil servants have up till 15 May to indicate interest in seeking credit from CREDITCORP. They can do this by visiting http://credicorp.ng/.

President Tinubu believes every hardworking Nigerian should have access to social mobility, with consumer credit playing a pivotal role.

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".

Source: Ajuri Ngelale, SA Media and Publicity"

COMRADES, only the senior civil servants will benefit because in this part of the world nothing is done by the federal government for the benefits of the common man