FG, Fewchore Finance Partner On Consumer Credit For 20,000 Military Personnel

To mark this year’s Armed Forces Remembrance Day, the Nigerian Consumer Credit Corporation (CREDICORP) has kicked off a consumer credit fund for personnel of the armed forces.

This is in partnership with Fewchore Finance, one of its participating financial institutions (PFI), which aims to benefit 20,000 armed forces personnel in its first phse.

This fund – kicking off with the Armed Forces Remembrance Day – advances President Bola Ahmed Tinubu’s vision to extend consumer credit access to over 50 per cent of working Nigerians by 2030 and demonstrates a specific commitment to improving the welfare of Nigerian soldiers who protect and serve the nation via affordable consumer credit.

Also, members of the Armed Forces can now acquire life-enhancing household assets and meet immediate financial challenges – and at even better terms for locally manufactured goods.

The programme aims to ease their financial burden, boost morale, and enhance the well-being of their families, most of whom leave for the battlegrounds.

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President Tinubu has long championed the welfare of uniformed personnel, and this initiative reflects his commitment to creating meaningful support systems.

Speaking earlier, managing director/CEO of CREDICORP, Uzoma Nwagba said, “This programme shows Mr. President’s commitment to supporting those who protect and serve our nation,”
He noted that, “By making credit accessible to armed forces personnel, we not only honor their service but also advance the President’s goal of using consumer credit for much better lives.”

Also speaking, managing director/CEO of Fewchore Finance, Sunkanmi Balogun added that, “We are proud to support the courageous men and women of the armed forces. At Fewchore Finance, we have a long-standing relationship with the Armed Forces and remain committed to creating solutions that address real needs.”

The initiative, starting with a first phase targeting 20,000 beneficiaries, will involve all branches of the armed forces. While the Phased implementation will ensure equitable access, coordinated with the respective Accounts and Budget departments of the forces.

Launching this programme on Armed Forces Remembrance Day carries deep symbolic meaning, showcasing the nation’s gratitude and dedication to the brave men and women who protect its peace and security.