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Edun Advances Social Investment Programme to Support Nigeria's Most Vulnerable GroupsIn a key move to further President ...
27/09/2024

Edun Advances Social Investment Programme to Support Nigeria's Most Vulnerable Groups

In a key move to further President Bola Ahmed Tinubu's Renewed Hope Agenda, Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, held a high-level session with the Presidential Panel on the Social Investment Programme (SIP). The meeting aimed to evaluate the progress of policies targeted at uplifting Nigeria's most vulnerable populations.

Key highlights included the completion of second payments to nearly one million verified beneficiaries through the Direct Benefit Transfer (DBT) program.

The panel also encouraged the National Social Safety-Net Coordinating Office (NASSCO) to collaborate with the National Identity Management Company (NIMC) for National Identification Number (NIN) registrations. Additionally, a new communication strategy was discussed to enhance programme visibility nationwide.

Reforms to the School Feeding Programme were also reviewed.

In his remarks, the Honourable Minister stressed the importance of accurately identifying the most vulnerable individuals and ensuring timely, secure delivery of benefits through digital platforms.

He reaffirmed the administration's commitment to efficiently and transparently delivering social investment programmes.

This high-level meeting represents a significant step forward in leveraging social investment initiatives to bring about positive change as Nigeria moves towards renewed hope and development.

OPINION: Teachers, Doctors Among the First to Benefit from Consumer Credit Scheme Trust is a crucial asset, a non-materi...
27/09/2024

OPINION: Teachers, Doctors Among the First to Benefit from Consumer Credit Scheme


Trust is a crucial asset, a non-material value that shapes the relationship between promises and their fulfillment. A government earns and maintains public trust by keeping its promises, and success is often determined by how well it delivers on these commitments.

One of President Bola Tinubu's key campaign promises during the 2023 presidential race was the introduction of a consumer credit scheme. He explained that reducing corruption could be achieved by creating a system where individuals don't need to have large amounts of cash on hand for purchases, such as vehicles, but could instead rely on credit facilities. This, in turn, would stimulate economic productivity and demand. He emphasized the need to reform inefficiencies and drive Nigeria's potential toward progress.

Shortly after taking office, President Tinubu took steps to fulfill this promise. By April 2024, he approved the launch of the Consumer Credit Scheme, with the Nigerian Consumer Credit Corporation (CREDICORP) established to oversee its implementation.

Today, this initiative has come to fruition, with CREDICORP now actively disbursing funds. Teachers, doctors, security personnel, administrators, and workers in specialized services are among the first to benefit from this scheme. So far, over N3.5 billion has been disbursed, with these essential service workers receiving priority. Their critical role in the nation's workforce made them the initial focus, but the scheme, designed for all Nigerians, will eventually extend to a wider population.

CREDICORP data shows that the credit has been used for various purposes, including purchasing alternative energy sources like solar panels, converting vehicles to run on compressed natural gas (CNG), acquiring tricycles, funding home improvements, covering school fees, and addressing medical needs, among others.

The figures reveal that over N1.5 billion has gone to federal and state education workers, N755 million to administrators in government ministries and agencies, N600 million to medical doctors in both federal and state services, N367 million to police and paramilitary officers, and N273 million to workers in specialized services like the judiciary and anti-corruption agencies. So far, more than 4,700 individuals in education, 2,800 in administration, 1,300 in healthcare, 1,260 in police and paramilitary services, and 750 in specialized services have benefited from the scheme, with more set to follow.

President Tinubu's vision is to foster national prosperity by building a strong credit system, empowering Nigerians, and reducing the opportunities for corruption. In line with this, his administration continues to support key sectors and provide relief to vulnerable populations. For instance, under the Direct Benefit Transfer (DBT) program, additional payments have already been made to around one million verified beneficiaries.

Staying true to his promises, President Tinubu has also launched a student loan scheme aimed at removing financial barriers to higher education, turning yet another campaign pledge into reality.

During a meeting with the Forum of Former Presiding Officers of the National Assembly, led by former Senate President Ken Nnamani on September 20, President Tinubu reiterated his commitment to public service, stating, "I did not come to seek wealth or exploit the situation; I came to work. I asked for the votes, and Nigerians gave them to me."

Group Urges Tejuosho to Succeed Edu as Minister of Humanitarian AffairsThe Concerned Civil Society Organisation of Niger...
27/09/2024

Group Urges Tejuosho to Succeed Edu as Minister of Humanitarian Affairs

The Concerned Civil Society Organisation of Nigeria has called on President Bola Ahmed Tinubu to appoint Dr. Halimat Adenike Tejuosho as the new Minister of Humanitarian Affairs and Poverty Alleviation, replacing Dr. Betta Edu, who was recently suspended. The group's demand comes ahead of a potential cabinet reshuffle.

Speaking to the press in Abuja, Comrade Aminu Abbas, the Convener of the Coalition of Concerned Civil Society Organizations of Nigeria, highlighted that while Tejuosho currently holds no political office, her extensive philanthropic work makes her the ideal candidate to lead the ministry.

Abbas noted the group's concern over the ongoing vacancy in the Ministry of Humanitarian Affairs following Edu’s removal due to allegations of corruption and fraud. He emphasized the vital role the ministry plays in supporting vulnerable Nigerians, pointing out the negative impact of the vacancy on those in need.

He said, "Our gathering here today is to urge the President to appoint Dr. Halima Adenike Tejuosho as a worthy replacement due to her proven track record in humanitarian efforts and poverty alleviation."

Representing over 120 civil society organizations and 17 million members nationwide, the group stressed that their recommendation is based on merit and public demand. Although nonpartisan, they believe Tejuosho's longstanding commitment to philanthropy, including her personal charitable efforts, positions her as the most capable candidate to fill the role.

Abbas cited Tejuosho's philanthropic organization, the Queen Adenike Tejuosho Foundation (QATFoundation), which has provided aid to disadvantaged groups such as People Living with Disabilities (PLWDs), senior citizens, and victims of natural disasters. Her efforts have also included supporting over 10 million children with educational materials and delivering relief packages during festive seasons to underprivileged households.

The coalition stressed the urgency of appointing Tejuosho, highlighting her recent intervention in flood relief efforts in Maiduguri, Borno State, where she donated millions of naira worth of materials and personally visited the affected areas. Abbas argued that such dedication to humanitarian work must be recognized with a formal role in the government.

The group also urged President Tinubu to prioritize competence and merit over politics or regional considerations when selecting a replacement for the sacked minister, expressing confidence that Tejuosho’s experience and compassion make her the best candidate to deliver tangible results for Nigerians.

"We are certain that appointing Dr. Tejuosho will ensure effective leadership in the ministry and allow her to continue her remarkable work in improving the lives of the less fortunate in Nigeria," Abbas concluded.

27/09/2024

Npower Payment News: Payment Will Commence Any Moment From Now - Aishat Alubankudi

27/09/2024

Npower Payment News Today 27th September 2024

Npower Update: Outstanding Payments Expected to Be Cleared Within Two Weeks - Aishat AlubankudiAs per the latest Npower ...
27/09/2024

Npower Update: Outstanding Payments Expected to Be Cleared Within Two Weeks - Aishat Alubankudi

As per the latest Npower update, Aishat Alubankudi, the Programme Manager for Grants to Vulnerable Groups, has stated that Npower beneficiaries should expect their overdue payments to be settled within the next two weeks or so. This information was shared in response to a question from a concerned beneficiary regarding the delayed payments of 9 to 12 months. Alubankudi mentioned that a meeting was held earlier in the week (Tuesday/Wednesday) to address the issue, and the payments are expected to be processed soon. An image attached to the news publication further confirms her statement.

Aishat Alubankudi was recently appointed as the Program Manager responsible for overseeing grants for vulnerable groups nationwide. While some Npower beneficiaries remain skeptical about the promised resolution, others have welcomed the news with optimism, hopeful that their long-awaited stipends will soon be disbursed.

Earlier this year, President Bola Ahmed Tinubu suspended the Npower program due to allegations of mismanagement of public funds within the Ministry of Humanitarian Affairs and Poverty Alleviation and the National Social Investment Programmes Agency (NSIPA). As a result, payments to Npower Batch C beneficiaries have been delayed for over a year, causing significant financial hardship for those who have diligently fulfilled their duties at their assigned posts.

In response, the National Association of Npower Beneficiaries is planning a meeting with the new Chief Executive Officer of NSIPA in the coming weeks to expedite the payment of the outstanding 12 months’ stipends. The association’s leadership, along with all Npower beneficiaries, is appealing to President Tinubu to lift the suspension on the program, allowing them to finally receive their payments.

26/09/2024

CAC Certificate

26/09/2024

We’ve Disbursed N24.8bn to 991,261 Households Nationwide for Poverty Reduction

Dr. Badamasi Lawal, the National Coordinator/CEO of the National Social Investment Programme Agency (NSIPA), announced that the agency has distributed N24,781,525,000 to 991,261 household beneficiaries across all 36 states and the Federal Capital Territory (FCT), Abuja, under the Renewed Hope Conditional Cash Transfer (RH-CCT) initiative.

In a statement released on Thursday and made available to *Blueprint* in Abuja, Lawal disclosed that in August 2024, 153,038 households were paid a total of N3,825,950,000, while in September 2024, N20,955,575,000 was disbursed to 838,223 households across the country. Each beneficiary received N25,000 through their respective Financial Service Providers (FSP).

Lawal highlighted that the Renewed Hope Agenda, led by President Bola Ahmed Tinubu, is designed to reduce poverty and improve the living conditions of Nigeria's poor and vulnerable citizens.

He stated: “President Bola Ahmed Tinubu’s Renewed Hope Agenda focuses on alleviating poverty and enhancing the welfare of Nigeria’s most vulnerable populations. Through the National Cash Transfer Office under NSIPA, we have released N24,781,525,000 for payments to 991,261 households across the 36 states and the FCT.

In August 2024, 153,038 households were paid N3,825,950,000, while in September 2024, N20,955,575,000 was disbursed to 838,223 households. Each recipient received N25,000 via their Financial Service Providers (FSP)."

The RH-CCT initiative aims to mitigate the economic hardships faced by these households, providing immediate poverty relief, improving household finances, and encouraging savings. In addition to financial benefits, the program enhances beneficiaries' health, nutritional services, and overall well-being, fostering stronger interpersonal relationships and family happiness.

Npower Update: National Publicity Secretary to Relocate to KadunaAccording to recent reports from Npower News, the Natio...
26/09/2024

Npower Update: National Publicity Secretary to Relocate to Kaduna

According to recent reports from Npower News, the National Publicity Secretary of Npower, Adeshina A. Adex, has announced his impending move to Kaduna ahead of the screening of Dr. Badamasi Lawal, the Chief Executive Officer (CEO) of the National Social Investment Programmes Agency (NSIPA). This follows news that Dr. Lawal's Personal Assistant recently stated that Npower Batch C beneficiaries are invited to accompany him to his screening, which is expected to begin soon.

Npower News also reports that both the National Association of Npower Beneficiaries and current beneficiaries are counting on Dr. Lawal to leverage his influence to urge the President to lift the suspension on Npower. Beneficiaries are seeking the release of their unpaid stipends, which have been outstanding for 12 months. There is hope that Dr. Lawal's leadership will mark a turning point in resolving the payment issues affecting Npower Batch C.

The beneficiaries have outlined several demands, including the payment of their 9 to 12 months’ outstanding stipends, a meaningful exit package in the form of loans or grants, and permanent employment within various federal ministries, departments, and agencies. Npower Batch C beneficiaries have been left in limbo since the program was suspended by President Bola Ahmed Tinubu in early January due to allegations of fund misappropriation against the former Minister for Humanitarian Affairs and Poverty Alleviation, Dr. Betta Edu.

26/09/2024

I offer services including business plan development, SMEDAN/CAC certificate processing, applications for federal government grants and loans, assistance with various National Social Investment Programmes, as well as registrations, general inquiries, and consultations.

The federal government, via the Ministry of Finance, has announced the commencement of a second round of payments to app...
26/09/2024

The federal government, via the Ministry of Finance, has announced the commencement of a second round of payments to approximately one million participants in its cash-based Social Investment Programme (SIP). However, no specific details were provided regarding the beneficiaries, distribution process, or the total amount allocated.

This update was revealed during a session of the Presidential Panel on the Social Investment Programme, chaired by Finance Minister and Coordinating Minister of the Economy, Mr. Olawale Edun. The meeting, which took place at the ministry’s headquarters, focused on reviewing the progress of policies related to President Bola Tinubu’s Renewed Hope agenda.

In a statement from the ministry, it was highlighted that the second disbursement had been made to around one million verified beneficiaries through the Direct Benefit Transfer (DBT) system.

Furthermore, the National Social Safety-Net Coordinating Office (NASSCO) was instructed to work closely with the National Identity Management Company (NIMC) to facilitate the registration of National Identification Numbers (NINs). A new communication strategy aimed at broadening the programme's outreach was also discussed.

The ministry also looked into possible reforms to the school feeding programme, though no further details were disclosed. This initiative has faced issues of corruption and irregularities since its launch under the previous administration.

The minister emphasized the need to properly identify the most vulnerable groups and ensure they receive their benefits promptly and securely via digital platforms. He reiterated the President’s commitment to implementing social investment programmes with transparency and efficiency.

The Nigerian Education Loan Fund (NELFUND) is set for a significant financial boost following a recent announcement by t...
26/09/2024

The Nigerian Education Loan Fund (NELFUND) is set for a significant financial boost following a recent announcement by the Federal Government.

It was revealed yesterday that 30 percent of the "initial allocations" from the Tertiary Education Trust Fund (TETFUND), which is sourced from the federation account, will be directed to NELFUND. This plan was disclosed by Bayo Onanuga, the Special Adviser to the President on Information and Strategy, during a press briefing in Abuja, where he addressed various topics, including the Economic Stabilisation Bill.

NELFUND, established under the Student Loans (Access to Higher Education) (Repeal and Re-enactment) Act of 2024 by President Bola Ahmed Tinubu, has already provided financial assistance. As of September 6, it had distributed ₦2.42 billion to 59 educational institutions, covering tuition and upkeep allowances for 20,000 students.

On August 14, the Economic and Financial Crimes Commission (EFCC) also transferred ₦50 billion from its recovery account to NELFUND.

Onanuga further explained that the 30 percent allocation from TETFUND will require an amendment to the TETFUND 2011 Act. He emphasized that this new funding arrangement would not interfere with TETFUND's ongoing support for infrastructure development in public universities, polytechnics, and colleges of education.

Accion Microfinance Bank and CrediCorp have teamed up to introduce a nationwide consumer credit initiative aimed at supp...
26/09/2024

Accion Microfinance Bank and CrediCorp have teamed up to introduce a nationwide consumer credit initiative aimed at supporting Nigerians, especially middle-income earners. The scheme, which is scheduled to launch in September 2024, will provide accessible and affordable credit to over 15,000 individuals, enhancing financial inclusion in the country.

The collaboration focuses on offering loans with competitive interest rates and a two-year repayment period, with quarterly interest payments. Accion Microfinance Bank’s Managing Director, Taiwo Joda, expressed excitement about the initiative, highlighting the bank’s commitment to addressing the evolving financial needs of its customers. He noted that the partnership will help finance essential items like appliances, school fees, and the transition from kerosene to gas stoves, directly improving the lives of consumers.

CrediCorp’s Managing Director, Engr Uzoma Nwagba, echoed similar sentiments, stating that the initiative will greatly benefit middle-income earners and small business owners. He emphasized that the partnership would offer reduced interest rates starting in September 2024, along with flexible repayment options tailored to individual financial situations.

The program also aims to simplify the loan application process, ensuring quick and easy access to funds for borrowers. This initiative represents a significant achievement for both Accion Microfinance Bank and CrediCorp, contributing to a more financially inclusive Nigeria.

Accion Microfinance Bank, a pioneer in the microfinance industry with over 16 years of experience, has played a key role in supporting small businesses and entrepreneurs, driving economic growth in the country. Its strong financial backing from major investors such as Ecobank, Zenith Bank, Citi Bank, the International Finance Corporation, and Accion Investments has enabled it to expand its services and reach a growing customer base.

25/09/2024

To check your status for the Conditional Cash Transfer (CCT) program in Nigeria, you can follow these steps:

1. Visit the National Social Safety Nets Coordinating Office (NASSCO) Website:
- Go to the official website of NASSCO, which manages the Conditional Cash Transfer Program: https://nassp.gov.ng
- Look for relevant links or instructions regarding CCT beneficiaries.

2. Contact Your State’s Focal Person or NCTO:
- Each state has a designated focal person or the National Cash Transfer Office (NCTO) representative responsible for managing the CCT program. You can contact them for updates on your status.

3. Check via NASSCO's Grievance Redress Mechanism (GRM):
- If you're facing issues or inquiries about your CCT status, NASSCO has a Grievance Redress Mechanism. You can reach out to their toll-free hotline for assistance.

4. USSD Codes (if available):
- Some states may provide USSD codes for beneficiaries to check their status, but this varies by region. Inquire locally for available options.

5. Visit the Nearest CCT Office:
- You can physically visit the nearest CCT office or local government headquarters where the CCT program is implemented to check your status in person.

6. SMS Notifications:
- If you are a beneficiary, you may receive SMS notifications regarding your payment or status from the CCT program.

7. Monitor State Government Platforms:
- Some states update beneficiaries through official state government websites or social media platforms, so stay tuned to those channels for specific updates in your area.

Make sure to have your details, such as your ID or beneficiary information, ready when making inquiries.

CCT Disbursed, Npower Payments Set to Begin Next – Adeshina A. AdexAccording to recent reports from Npower News, the Nat...
25/09/2024

CCT Disbursed, Npower Payments Set to Begin Next – Adeshina A. Adex

According to recent reports from Npower News, the National Publicity Secretary of Npower, Adeshina A. Adex, stated in a brief video message (lasting 1 minute 30 seconds) that the newly appointed Chief Executive Officer will begin the screening process soon, likely by next week. Adex mentioned that with the ongoing disbursement of the Conditional Cash Transfer (CCT) – which is part of the National Social Investment Programmes (NSIP) – Npower payments should follow next.

Npower Batch C Stream 2 beneficiaries, who have been awaiting their stipends for 9 to 12 months, have faced difficulties since the indefinite suspension of the Npower program by President Bola Ahmed Tinubu. Despite completing their assignments at their respective deployment locations, these beneficiaries remain without payment.

The National Association of Npower Beneficiaries, representing millions of Batch C participants, is appealing to the President to lift the suspension on Npower, allowing them to receive their overdue stipends, especially amid the rising cost of living.

Civil Society Groups Endorse Ned Nwoko's Proposal to Reform Humanitarian MinistryA group of civil society organizations ...
25/09/2024

Civil Society Groups Endorse Ned Nwoko's Proposal to Reform Humanitarian Ministry

A group of civil society organizations (CSOs), including community and faith-based groups, have backed Senator Ned Nwoko’s call to reform the Ministry of Humanitarian Affairs, offering practical and efficient solutions to address its challenges.

At a recent advocacy meeting, organized by the CSO coalition, experts and activists discussed Nwoko's open letter to the President, advocating for the dissolution of the Humanitarian Ministry. Prominent speakers such as Prof. Abiodun Adeniyi, Ms. Boma Briggs, Eric Ogbekene, Emmanuel Onwubiko, and Dr. Ike Charles Okwobi, stressed the need for a more efficient and fair social welfare system.

Nwoko, representing the Delta North Senatorial District, proposed the establishment of a data-driven national social security system to provide long-term support to the unemployed and vulnerable. He noted that the bill, already under review in the National Assembly, has bipartisan backing. His proposal seeks to replace the current Ministry with a National Social Security Agency, under the President’s office, which would offer structured social assistance programs.

Accompanied by his wife Regina Daniels, Nwoko argued that social security should be recognized as a fundamental right, not charity. He highlighted that the new agency would provide a more sustainable solution, focusing on transparency and addressing the needs of marginalized groups.

He criticized the Ministry’s ad-hoc management of federal social welfare programs, expressing concern that vulnerable citizens have been overlooked. Nwoko emphasized that the new social security agency would follow global best practices, addressing unemployment and related insecurity through a more dignified and sustainable approach.

Nwoko's plan includes providing financial aid to unemployed individuals, with payments ranging from ₦50,000 to ₦100,000. He emphasized that this support, unlike the minimum wage, is intended for those without income. For the plan to succeed, he stressed the importance of creating a credible national database to ensure fair distribution of resources.

He also proposed that the agency's funding would come from a 5% contribution from governments, businesses, and multinational corporations.

Several CSO coalitions, including God Nation, Media and Creativity for Social Consciousness Coalition, the Human Rights Writers Association of Nigeria (HURIWA), and Evergreen Initiative, voiced their support. Eric Ogbekene, a data expert, emphasized the role of data in identifying the challenges faced by unemployed and vulnerable groups. Dr. Okwobi advocated for technology-driven governance solutions, while Ms. Boma Briggs, speaking from Houston, underscored the value of unemployment benefits in helping individuals become self-sufficient.

The meeting concluded with a call to action, urging stakeholders to back Nwoko’s proposal. Participants emphasized that this data-driven strategy could significantly improve Nigeria’s social welfare system, ensuring equitable access to resources for all citizens.

25/09/2024

Nigeria Youth Academy NIYA

CREDITCORP Applauds the Launch of Federal Government’s Consumer Credit ProgramThe Nigerian Consumer Credit Corporation (...
25/09/2024

CREDITCORP Applauds the Launch of Federal Government’s Consumer Credit Program

The Nigerian Consumer Credit Corporation (CREDITCORP) has expressed approval over the successful commencement of the federal government's consumer credit initiative, which aims to benefit millions of Nigerians.

Uzoma Nwagba, the Managing Director/CEO of CREDITCORP, acknowledged President Bola Ahmed Tinubu for his dedication to empowering everyday Nigerians by ensuring that access to consumer credit becomes a universal right, not a privilege for a few.

“Through the pilot phase of the Nigerian Consumer Credit Corporation, five reputable financial institutions — including FCMB’s Credit Direct (serving civil servants), Wema Bank, Accion MFB, Letshego MFB, and Abbey Mortgage Bank — are now offering consumer credit solutions to help Nigerians cope with the increasing financial strain caused by rising fuel and energy costs.

With this pilot program, Nigerians can start accessing more affordable credit (with rates slashed by up to 50%), which will help meet pressing household expenses, provide cost-effective energy alternatives, and promote future investments. This initiative goes beyond just loans; it’s about true empowerment. For more information or to apply, visit credicorp.ng/apply,” Nwagba said.

Nwagba praised these institutions for their early participation and predicted that more financial institutions would soon follow, noting that over 200 have already submitted Expressions of Interest.

“For too long, most Nigerians have been deprived of access to consumer credit. CREDITCORP is here to change that. Consumer credit isn’t just an idea; it affects real people — like a father relying on credit during his child’s medical emergency, a baker no longer needing to depend on family support to grow their small business, or a household replacing expensive petrol generators with affordable solar panels. These are not distant aspirations. We believe consumer credit is closely tied to human rights.

CREDITCORP is dedicated to expanding access to affordable credit for Nigerians. Our pilot program is designed to provide credit for urgent household needs, with institutions like Accion and Letshego offering loans for solar panels, compressed natural gas (CNG), and electric vehicles. These innovative solutions help reduce dependence on costly petrol. We expect more institutions to join this movement soon,” Nwagba added.

He emphasized that CREDITCORP’s mission is built on three key pillars that will shape the future of consumer credit in Nigeria. The first pillar is infrastructure, ensuring that every Nigerian has a credit profile that opens doors to financial opportunities.

“We are collaborating with partners, including the Central Bank of Nigeria (CBN) and Credit Bureaus, to ensure every economically active citizen has a comprehensive credit score. This score will evolve over time and give Nigerians easier and responsible access to credit. This credit infrastructure will enable millions to build financial equity, turning good credit history into a personal asset. Innovators across various sectors should anticipate our invitations as we address this crucial challenge,” the CREDITCORP CEO said.

According to him, the second pillar is capital, which serves as more than just a financial enabler. CREDITCORP provides the financial foundation for institutions committed to democratizing consumer credit.

“By offering cheaper wholesale funding and credit guarantees, we enable financial institutions to expand their lending capabilities. We also promote local industry and job creation by facilitating cheaper lending rates and guarantees for locally manufactured products,” he explained.

The third pillar, Nwagba noted, is cultural re-orientation, emphasizing that consumer credit is about improving quality of life, not just borrowing.

“We are committed to shifting the mindset of Nigerians toward responsible credit use as a means to a better life. We also aim to reorient financial institutions on how effective consumer credit underwriting can drive growth. We believe that bankers, as pillars of the community — our parents, spouses, and friends — are eager to improve lives by lending to real people, rather than focusing on 'safe bets'. We need to create systems that foster trust and broaden access to affordable credit,” Nwagba stated.

He further explained that this launch marks only the beginning.

“As we push forward, our goal is to ensure that consumer credit serves as more than just temporary relief, but as a driver of long-term national development. Beyond loans for immediate needs, we are working on product-first credit solutions that connect Nigerians directly to life-enhancing products, such as home improvements, vehicles, and household appliances, partnering with both local and global financial institutions to achieve this vision,” Nwagba added.

He described the initiative as a new chapter of economic empowerment, stating: “The future we envision for Nigeria is one of opportunity, growth, and empowerment. CREDITCORP is translating this vision into tangible, impactful actions — beginning with making affordable credit accessible to every Nigerian, improving lives, and fueling national economic growth. CREDITCORP is more than just a credit program or corporation; it’s a movement, a journey that unlocks the potential of millions. It is about families, small businesses, and industries thriving, not merely surviving. Our best days lie ahead. Forward, and upward,” he concluded.

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