Abuja, Jan. 17, 2025 – The Nigerian Consumer Credit Corporation (CREDICORP) is to grant loans to 200 members of the Nigerian Armed Forces.
The loan scheme is being organised by CREDICORP in partnership with Fewchore Finance and is part of activities to commemorate the Nigerian Armed Forces Remembrance Day.
According to a statement by FewChoere Finance on Thursday, the current loans to 200 to members of the armed forces is under the first phase of its programme.
The company said it was targeting to extend consumer credit loans to over 50 per cent of working Nigerians by 2030.
“Via affordable consumer credit, members of the Armed Forces can now acquire life-enhancing household assets and meet immediate financial challenges—and at even better terms for locally manufactured goods.
“The programme aims to ease their financial burden, boost morale, and enhance the well-being of their families, most of whom they leave for the battlegrounds.
“President Tinubu has long championed the welfare of uniformed personnel, and this initiative reflects his commitment to creating meaningful support systems,” the company said.
Uzoma Nwagba, the Chief Executive Officer of CREDICORP, said: “This programme shows Mr. President’s commitment to supporting those who protect and serve our nation.
“By making credit accessible to armed forces personnel, we not only honour their service but also advance the President’s goal of using consumer credit for much better lives.” (GBN)
