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Credit: 1.6m Nigerians Submit Applications To CREDICORP  

by Nafisat Abdulrahman
1 year ago
in Business, News
CREDICORP
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Over 1.6 million Nigerians have applied for credit under the newly launched Consumer Credit Corporation (CREDICORP).

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The CEO of CREDICORP), Uzoma Nwagba, disclosed this on Tuesday night while speaking on Channels TV’s current affairs programme, ‘Politics Today’, monitored by our correspondent in Abuja.

This initiative, spearheaded by President Bola Tinubu and launched on April 21, 2024, aims to expand access to credit for the nation’s working populace, enabling them to make essential purchases.

Nwagba expressed his surprise at the sheer volume of applications received in just three weeks since the inception of the scheme.

“It has been overwhelming. We didn’t expect the volume of applications or expressions of interest when we put out an EoI just a week after my appointment,” he stated.

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The CREDICORP CEO detailed that applicants have actively engaged with the scheme, providing extensive personal and financial information to support their requests.

“As of today, we have about 1.6 million Nigerians who indicated interest, told us what they do, submitted their income information, and what they need credit for. We didn’t even expect that volume,” Nwagba added.

Appointed as pioneer CEO on April 5, Nwagba was tasked by President Tinubu to lead the crucial initiative. Reflecting on his role, he stated: “It is our job and we are prepared to take a systematic approach to ensure that we continue to go through the demography of Nigeria.”


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Nafisat Abdulrahman

Nafisat Abdulrahman

I am a dedicated reporter at Leadership Newspaper, where I bring a keen eye for detail and a passion for storytelling to a diverse range of topics, including business, sports, politics, and international affairs. My work aims to provide readers with accurate, timely, and engaging reports that break down the complexities of current events. From covering high-profile political shifts and court cases to exploring the latest in economic developments and sporting events, I strive to offer insightful and comprehensive coverage. My stories include in-depth analyses of economic trends, detailed political reports, and human interest pieces that highlight significant global and local events. I am committed to delivering news that informs and fosters a deeper understanding of the issues shaping our world. My goal is to engage readers with well-researched and thought-provoking content

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