CREDICORP offers Nigerian civil servants loans, enhancing financial access amid growing economic challenges.
Nigerians can now access consumer credit through CREDICORP’s newly launched scheme, designed to improve financial access and ease economic challenges for civil servants.
Applicants on the Integrated Payroll and Personnel Information System (IPPIS) can secure loans ranging from ₦30,000 to ₦3.5 million, as part of the ongoing initiative, according to a report by the agency.
Nigerian civil servants access consumer credit through CREDICORP’s new scheme for financial relief
It said the purpose of the scheme is to offer immediate financial support, fulfilling one of President Tinubu’s key campaign promises.
Civil servants interested in the service are advised to apply via Credit Direct, a subsidiary of FCMB and Nigeria’s largest lender to civil servants.
The Managing Director/Chief Executive Officer of the Nigerian Consumer Credit Corporation (CREDICORP), Uzoma Nwagba noted in statement that the agency is prepared to eliminate structural barriers inhibiting qualified users from access the consumer credit.
“CREDICORP remains committed to expanding access to consumer credit, addressing structural barriers, and enhancing financial inclusion through capital, guarantees, and policy improvements,” he said.
“The organization is set to announce more participating financial institutions in the coming days and weeks.”
151 financial institutions join CREDICORP’s pilot, enabling future loan disbursements
The credit scheme agency said 151 financial institutions have completed EOI process, advancing consumer credit access for Nigerian civil servants
“In a promising development, 151 financial institutions have already completed the Expression of Interest (EOI) process,” it revealed.
“These qualified partners will be shortlisted for the pilot phase, paving the way for future disbursements. More information and insights from the EOI can be found here.”
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This marks the beginning of a significant journey for Nigerians, especially civil servants, with far-reaching benefits for industries and consumer consumption.
To apply, applicants are advised to visit creditdirect.ng or contact the service at 0700 273 3483, 02014482225, or 0201700512, or visit any local.
The News Summaries:
- CREDICORP introduces loan scheme for Nigerian civil servants, improving financial access.
- Civil servants can now secure loans between ₦30,000 and ₦3.5 million.
- Nigerian civil servants gain access to loans under CREDICORP’s new credit scheme.
