This was contained in a statement signed by the Special Adviser to the President on Media and Publicity, Ajuri Ngelale on Wednesday.
According to him, 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.
He said it facilitates crucial purchases, such as homes, vehicles, education, and healthcare, essential for ongoing stability to pursue their aspirations.
It also offers credit guarantees and wholesale lending to financial institutions dedicated to broadening consumer credit access today.
Similarly, it promotes responsible consumer credit as a pathway to an improved quality of life, fostering a cultural shift towards growth and financial responsibility.
Ngelale said that in line with the President’s directive to expand consumer credit access to Nigerians, the CREDICORP has launched a portal for Nigerians to express interest in receiving consumer credit.
The presidential spokesman said the initiative, in collaboration with financial institutions and cooperatives nationwide, aimed to broaden consumer credit availability.
He explained that working Nigerians interested in receiving consumer credit can visit www.credicorp.ng to express interest before the deadline of May 15.
Recall that the scheme, which will be rolled out in phases, will later cascade to other members of the public.