Barely six months after receiving its seed funding, the Credit Corporation of Nigeria says it has disbursed consumer-credit facilities to over 100,000 Nigerians, 35,000 of whom are civil servants.
The company’s Chief Executive Officer, Uzoma Nwagba, revealed this on Tuesday while briefing State House correspondents at the Presidential Villa, Abuja.
Nwagba said CreditCorp has signed partnership agreements with 23 licensed financial institutions, with “hundreds more in the pipeline” to scale the National Consumer Credit Scheme.
“We got our funding a little over six months ago. As of today, we have signed on 23 financial institutions and delivered credit access to more than 100,000 people,” he stated, adding “Of that total, roughly 35,000 are federal and state civil servants.”
Nwagba hinted that early data show strong uptake for household goods, school fees and micro-enterprise equipment.
The milestone marks the first public update since President Bola Tinubu authorised CreditCorp to drive affordable consumer lending under the Renewed Hope agenda. Analysts say the latest figures—if verified—would make CreditCorp one of the fastest-scaling credit platforms in West Africa.
More details to follow…
