Over 67,000 Nigerians Have So Far Benefited From Consumer Credit Scheme — Tinubu

As part of its mission to democratise access to consumer credit, expand economic opportunity and empower millions of Nigerians to improve their quality of life through responsible borrowing, the Nigerian Consumer Credit Corporation (CREDICORP), in partnership with the Federal Ministry of Communications, Innovation and Digital Economy, launched the scheme in July 2026.

According to Tinubu, the consumer credit scheme, as part of his campaign promises, has been kept.

When I sought your mandate, I promised to move Nigeria towards a credit-based economy and to establish a loan guarantee scheme that would help small businesses overcome the barriers that keep them from finance.

That promise was about something practical. A worker with access to credit can buy what the family needs and pay over time, and a small business can invest today against the income it expects tomorrow.

We have been building the institutions to make that possible. Through CREDICORP, working Nigerians can access consumer credit.

Tinubu argued that a viable credit system is of utmost importance to businesses to thrive in the country, stating that the NCGC had supported 661,291 direct and indirect jobs through the scheme.

Credit matters because of what people can do with it.