{"id":674,"date":"2024-05-15T13:19:39","date_gmt":"2024-05-15T13:19:39","guid":{"rendered":"https:\/\/beadysword.com.ng\/blog\/?p=674"},"modified":"2024-05-15T13:19:39","modified_gmt":"2024-05-15T13:19:39","slug":"1-6m-nigerians-applied-for-consumer-credit-scheme-md","status":"publish","type":"post","link":"https:\/\/beadysword.com.ng\/blog\/2024\/05\/15\/1-6m-nigerians-applied-for-consumer-credit-scheme-md\/","title":{"rendered":"1.6m Nigerians Applied For Consumer Credit Scheme – MD"},"content":{"rendered":"
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The Managing Director and Chief Executive Officer, Nigerian Consumer Credit Corporation, Uzoma Nwagba, has said that over one million Nigerians have submitted applications for the consumer credit scheme three weeks after its takeoff.<\/p>\n

The credit scheme is aimed at working citizens to access loans for important purchases.<\/p>\n

According to Nwagba, since the unveiling of the first phase in April by President Bola Tinubu, the volume of applications received so far has been overwhelming.<\/p>\n

\u201cIt has been overwhelming. We didn\u2019t expect the volume of applications or expressions of interest when we put out an EoI just like a week after I was appointed.<\/p>\n

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\u201cAs 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\u2019t even expect that volume.<\/p>\n

\u201cSo I think people have been listening to the utterances of the President and are quite expectant of this,\u201d Nwagba\u00a0 said during an interview on Channels Television\u2019s Politics Today on Tuesday.<\/p>\n

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Speaking on his assignment, six weeks after his appointment Nwagba said he was prepared to spearhead the current administration\u2019s drive to broaden consumer credit availability for interested working Nigerians.<\/p>\n

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\u201cIt is our job and we are prepared to take a systematic approach to ensure that we continue to go through the demography of Nigeria,\u201d he added.<\/p>\n

According to a statement by the Special Adviser to the President on Media and Publicity, Ajuri Ngelale, at its launch, the scheme is expected to achieve its mandate through the following,<\/p>\n

\u201cStrengthening Nigeria\u2019s credit reporting systems, ensuring every economically active citizen has a dependable credit score. This score becomes personal equity they build, facilitating access to consumer credit.<\/p>\n

\u201d Offering credit guarantees and wholesale lending to financial institutions dedicated to broadening consumer credit access today.<\/p>\n

\u201cPromoting responsible consumer credit as a pathway to an improved quality of life, fostering a cultural shift towards growth and financial responsibility<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Managing Director and Chief Executive Officer, Nigerian Consumer Credit Corporation, Uzoma Nwagba, has said that over one million Nigerians have submitted applications for the consumer credit scheme three weeks after its takeoff. The...<\/p>\n","protected":false},"author":2,"featured_media":675,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-674","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t