President Bola Tinubu has approved the takeoff of the first phase of the Consumer Credit Scheme (CCS), with the aim of empowering Nigerians to improve their quality of life through access to goods and services.
Announcing Tinubu’s approval yesterday, his special adviser on media and publicity, Ajuri Ngelale, said “Consumer credit is the lifeblood of modern economies, and every hardworking Nigerian should have access to social mobility.
“This scheme will facilitate crucial purchases, such as homes, vehicles, education, and healthcare, essential for ongoing stability to pursue their aspirations.”
In a related development, the Presidency has hinted at plans to tackle poverty and insecurity head on in Nigeria through financial inclusion for all Nigerians.
Accordingly, it disclosed that there are high-level talks to unveil a roadmap for integrating the unbanked Nigerian population into the formal financial system, a priority it said is one of the primes in the Renewed Hope Agenda of the President Bola Ahmed Tinubu administration.
On the CCS launch, Ngelale said “ through responsible repayment, individuals build credit histories, unlocking more opportunities for a better life.