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Lastest News Nigeria, Politics, Business, Sport, Interview
Lastest News Nigeria, Politics, Business, Sport, Interview
Babatunji Wusu –
Regarding the ongoing submissions for the Nigerian Consumer Credit Corporation (NCCC) application that President Bola Ahmed Tinubu just started, the federal government has provided an update.
Over a million Nigerians have applied for the “buy now pay later” scheme in just three weeks, according to information released on Tuesday by Uzoma Nwagba, the NCCC’s Managing Director and Chief Executive Officer.
The main goal of the current administration’s credit program is to give working people the chance to take out loans for big purchases and repay them later.
Nwagba claims that since President Tinubu unveiled the plan in April, the reaction to it has been astounding. He mentioned that more applications than anticipated had been received so far.
“The response has been truly overwhelming. We were not anticipating such a high volume of applications or expressions of interest, especially considering that we had only released an Expression of Interest (EoI) just a week after my appointment.”
“As 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’t even expect that volume.
“So I think people have been listening to the utterances of the President and are quite expectant of this,” Nwagba said during an interview on Channels Television’s Politics Today on Tuesday.
Speaking on his appointment and the responsibilities ahead of him, Nwagba declared he was prepared to carry out President Tinubu’s plan to increase the availability of consumer credit to more working Nigerians who would like to do so.
He continued, “It is our responsibility and we are ready to adopt a methodical approach to make sure that we continue to go through Nigeria’s demography.”
Ajuri Ngelale, the Special Advisor to the President on Media and Publicity, has earlier stated that the program is anticipated to fulfill its objectives by means of the following:
