1.6m Nigerians Submitted Applications For CREDICORP

Voice Air Media, VAM News Update

Over 1.6 million Nigerians have applied for credit under the newly launched Consumer Credit Corporation (CREDICORP).

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.

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