The Nigerian Consumer Credit Corporation on Wednesday in Kano launched a nationwide awareness campaign about the benefits of using credit to access essential goods and services.
The event which took place at the Sani Abacha Stadium attracted members of the public, market communities and trade associations as well as leaders of trade associations, and financial institutions.
Speaking at the occasion, the Managing Director of CREDICORP, Engr. Uzoma Nwagba said the campaign would continue across various states in Nigeria over the coming months, with the aim of encouraging citizens to understand the vital role of credit in building a better life.
“CREDICORP operates under President Bola Tinubu’s Renewed Hope Agenda, with a mission to make it easier for working Nigerians to acquire items such as vehicles, solar energy systems, and home renovations through installment payments, rather than relying solely on cash,” he said.
According to him, the awareness initiative – which is the third pillar of the corporation’s strategy, aims to reshape public perception of credit, encouraging people to see loans not as a trap, but as a tool for self-reliance and an improved standard of living.
He explained that CREDICORP collaborates with banks and faith-based lending institutions to facilitate access to credit
“Through its mandate, the Corporation enables Nigerians to acquire essential goods and services—such as locally assembled vehicles, solar solutions, and home improvement products—on credit, rather than relying on limited cash-based transactions,” he said.
Nwagba said the event engages financial institutions, encouraging a transition from traditional collateral-heavy models to more inclusive credit assessment methods that better reflect the realities of everyday Nigerians.
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In his remark, the Kano Regional Manager, Eco Bank, Mustapha Muhammad expressed the commitment of the bank to partner with CREDICORP for the success of the program.
A cross section of beneficiaries who spoke at the occasion commended the Federal Government and CREDICORP for the initiative.
