FG Releases Update On Major Achievements of CREDICORP In 2025

The Federal Government of Nigeria, under the leadership of President Bola Ahmed Tinubu, has continued to make significant strides in improving access to consumer credit through the Nigerian Consumer Credit Corporation (CREDICORP). Since its establishment, the scheme has emerged as a game-changing initiative aimed at improving the living standards of Nigerians.

Designed to expand access to affordable credit for daily consumption, CREDICORP focuses on empowering individuals, supporting youth development, and strengthening partnerships with financial institutions across the country. The milestones recorded so far in 2025 highlight the growing impact of the programme.

Major Achievements of CREDICORP in 2025

• ₦37 Billion in Total Credit Disbursed: CREDICORP has successfully released ₦37 billion in consumer credit to Nigerians, providing financial relief and boosting purchasing power.
• 200,224 Nigerians Empowered: Over 200,000 citizens have benefited from the Consumer Credit Scheme through various initiatives.
• 35 Financial Institutions Engaged: The programme has partnered with 35 financial institutions nationwide, strengthening credit access and financial inclusion.
• 400,000 Youth Targeted: The YouthCredit scheme is set to benefit 400,000 young Nigerians, supporting entrepreneurship and economic participation.
• 10,000 Women Supported: Through the Women in Mobility Initiative, 10,000 women have received financial empowerment opportunities.
• 0% Non-Performing Loans: Notably, the scheme has recorded zero non-performing loans, reflecting strong credit management and beneficiary accountability.

Improving Lives Through Access to Credit

Since inception, CREDICORP has positively impacted the lives of Nigerians by making consumer credit more accessible, affordable, and sustainable. The initiative aligns with the administration’s broader goal of economic empowerment and inclusive growth.

With over 200,000 beneficiaries already reached and more ambitious targets ahead, 2025 promises even greater expansion and impact. The programme continues to serve as a key pillar of the Renewed Hope Agenda.

Looking Ahead

As CREDICORP scales its operations, more Nigerians are expected to benefit from improved access to credit for education, transportation, household needs, and small businesses. The milestones achieved so far reinforce the government’s commitment to financial inclusion and national development.

The Credicorp journey in 2025 stands as a strong example of how structured consumer credit can drive economic stability and improve quality of life for citizens.

#RenewedHopeRecap2025