News

Step-by-step Guide To Accessing FG Consumer Credit Scheme

Published

2 years ago

May 15, 2024

Editor

Following the approval for the takeoff of the first phase of the Consumer Credit Scheme as part of efforts to enhance social mobility among Nigerians, the Nigerian Consumer Credit Corporation (CREDICORP) opened a website to encourage Nigerians to register loans for important purchases.

The scheme aims to make consumer credit accessible and empower economically active citizens.

Here’s a step-by-step guide on how civil servants and other Nigerians who are economically active can apply to enjoy this opportunity:

Step 1: Understand the scheme

Before applying, understand what CREDICORP offers. The scheme is designed to:
– Improve Nigeria’s credit reporting systems, ensuring every economically active citizen has a reliable credit score.

– Provide credit guarantees and wholesale lending to financial institutions.

– Promote responsible consumer credit to improve quality of life and foster financial responsibility.

Step 2: Check eligibility

Initially, the scheme is open only to civil servants. Ensure you are employed in a civil service role to proceed with the application.

Step 3: Prepare the necessary documents

You will likely need the following documents to apply:

– Proof of employment in the civil service.

– Identification documents such as a national ID or passport.

– Proof of income or salary slips.

Step 4: Visit the official website

Access the CREDICORP application portal by visiting credicorp.ng (http://credicorp.ng).

This website will serve as your primary resource for application forms and additional information.

Step 5: Fill out the Application Form

Complete the application form available on the website. Ensure all information is accurate to avoid any delays in your application process. Double-check all entries before submission.

Step 6: Submit Your Application

After filling out the form, submit your application through the website. You might receive a confirmation email or a notification on the portal confirming your submission.

Step 7: Await Response

Once submitted, await feedback from CREDICORP. This could take a few days or weeks, depending on the volume of applications. Keep an eye on your email and the portal for any updates.

Step 8: Follow Up

If you haven’t heard back within the expected timeframe, it’s advisable to follow up through the contact details provided on the CREDICORP website.

The PUNCH had earlier reported that President Bola Tinubu had approved the takeoff of the first phase of the Consumer Credit Scheme.

This was contained in a statement signed by the Special Adviser to the President on Media and Publicity, Ajuri Ngelale.

“The President believes every hardworking Nigerian should have access to social mobility, with consumer credit playing a pivotal role in achieving this vision,” the statement said.

News

Transfer: Premier League Clubs Scramble For Dele-Bashiru

Published

3 hours ago

May 6, 2026

Editor

Lazio midfielder, Fisayo Dele-Bashiru is a subject of interest from three Premier League clubs, according to Sky Sports.

Lazio reportedly rejected offers from Nottingham Forest and Bournemouth for the Nigeria international in January.

La Biancolesti are bracing for more interest in Dele-Bashiru ahead of the summer transfer window, according to Sky Sports.

The 24-year-old has two years left on his contract with the Serie A club.

The attacking midfielder joined the Rome-based club from Turkish Super Lig outfit Hatayspor in 2024.

He has been a regular feature for Lazio this season.

News

Xenophobic Attacks: Nigerian Students To Picket MTN, MultiChoice, Other Businesses

Published

3 hours ago

May 6, 2026

Editor

The leadership of the National Association of Nigerian Students, NANS South-West Zone D, has announced plans to picket South African companies in Nigeria following the ongoing xenophobic attacks in the country.

DAILY POST reports that some Nigerians were recently killed in South Africa over the violent attacks.

A statement issued to newsmen by Comrade Adeyemo Josiah Kayode, Coordinator, NANS South-West, Zone D, said that the association is mobilizing to take decisive and lawful action by organizing peaceful picketing and mass advocacy against South African business interests operating in Nigeria.

“We categorically state that the continued targeting of Nigerians under any guise is unacceptable and must come to an immediate end.

“This will include major corporations such as MTN Group and MultiChoice Group. It is morally indefensible for businesses to thrive in an environment where the lives of Nigerians are protected, while Nigerians are subjected to fear and violence elsewhere.

“This contradiction will no longer be tolerated,” the statement said.

News

N5m, N10m Zero-interest Loans: SheVentures Opens Applications For Women Entrepreneurs

Published

5 hours ago

May 6, 2026

Editor

First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to ₦10 million to women entrepreneurs to ease access to working capital and support business growth.

The facility provides loans ranging from ₦500,000 to ₦5 million under a general category, and ₦5 million to ₦10 million for sector-specific businesses, with funding capped at up to 50% of an applicant’s average monthly turnover.

At the centre of the offering is a 0% interest rate, with all charges embedded in a transparent structure.

Repayment is structured over four or six months, allowing businesses to match obligations with their cash flow cycles.

Yemisi Edun, Managing Director and Chief Executive of First City Monument Bank (FCMB), said the initiative reflects a deliberate approach to inclusive growth.

“Inclusive growth requires access to capital and the right conditions for businesses to deploy that capital effectively.

“Women-led enterprises are critical to economic activity, yet they face structural barriers.

This intervention aims to help close that gap by providing financing that supports job creation, business expansion, and long-term sustainability for women entrepreneurs.”

“Access to affordable finance remains a major constraint for women entrepreneurs,” said Nnenna Jacob-Ogogo, Group Head, SheVentures and Impact Segments at First City Monument Bank (FCMB).

“By removing the cost barrier and offering quick, flexible funding, this zero-interest loan is designed to safeguard existing jobs, enable businesses to invest in growth initiatives, and foster resilience in challenging economic conditions.”

Women-owned businesses account for a significant share of Nigeria’s small and medium-sized enterprises but continue to face high borrowing costs and limited access to credit.

Through these efforts, SheVentures tackles persistent financing gaps facing women-led businesses, combining targeted funding with broader support to empower women entrepreneurs, encourage business innovation, and enhance their ability to compete on a national scale.

Applications for the zero-interest loan are now open.Apply now.