Over 1.6m Nigerians Apply For ‘Consumer Credit Scheme’ – FG

Published

12 months ago

May 15, 2024

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Over 1.6m Nigerians Apply For ‘Consumer Credit Scheme’ – FG—-The Federal Government announced on Tuesday that over 1.6 million Nigerians have submitted applications for the consumer credit scheme.

The Managing Director and Chief Executive Officer of the Nigerian Consumer Credit Corporation (CREDICORP) revealed the staggering figure, emphasizing the overwhelming response to the initiative.

Launched by President Bola Tinubu on April 21, the Consumer Credit Scheme aims to provide working citizens with access to loans for essential purchases. Just three weeks after its commencement, the volume of applications received has surpassed expectations.

In an interview on Channels Television’s Politics Today, the CREDICORP boss expressed astonishment at the rapid influx of applications. He attributed the surge to the President’s statements and the heightened anticipation among Nigerians.

Since his appointment by the President on April 5, Nwagba has been tasked with leading the administration’s efforts to expand consumer credit availability for working Nigerians. Despite the short timeframe since his appointment, he assured readiness to fulfill the assignment.

Nwagba emphasized the corporation’s systematic approach to reviewing applications and ensuring equitable distribution of credit across Nigeria’s diverse demographics. The overwhelming response underscores the significant demand for accessible credit options among Nigerian citizens.

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Bugaje Accuse APC of Using Money, EFCC Threats To Weaken PDP Through Defections

Published

2 days ago

April 25, 2025

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Bugaje Accuse APC of Using Money, EFCC Threats To Weaken PDP Through Defections—-Former member of the House of Representatives and ex-presidential adviser Dr. Usman Bugaje has accused Nigeria’s ruling party, the All Progressives Congress (APC), of systematically using money to induce defections from the opposition Peoples Democratic Party (PDP).

Speaking in an interview with Arise News, Bugaje claimed that the APC has been aggressively targeting opposition figures, leveraging both financial incentives and potential legal threats.

His words: “Well, for what I know—and I don’t claim to know everything—the APC is basically using money to buy off PDP.

“Some say it’s a carrot and stick approach. The money is the carrot. What’s the stick? Possibly the EFCC. They might do these kinds of things. This has been the practice since the time of President Obasanjo.”

Bugaje argued that the root cause of the ongoing wave of defections is money, warning that such practices pose a grave threat to Nigeria’s democratic system.

He said: “For me, this is a very serious issue. This should be the center of our political discourse. As long as money remains the determining factor, then that’s the end of democracy and the end of politics.”

His comments come in the wake of a major political shake-up in Delta State, where Governor Sheriff Oborevwori and former Governor Ifeanyi Okowa, who was also the PDP’s 2023 vice-presidential candidate, defected to the APC. They were joined by members of the National Assembly, State Assembly, and several local government chairmen.

Bugaje stated that he is skeptical about the PDP’s ability to function as an effective opposition.

“There has not been real opposition since the moment Nyesom Wike did what he did,” Bugaje said.

“The PDP missed its chance to be a viable opposition party. Just look at their conduct on major national issues—from emergency rule debates to budget discussions. They failed to act like an opposition,” he added.

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Atiku is the Messiah Nigeria needs, says Former Lagos PDP Chairman Aeroland

Published

2 days ago

April 25, 2025

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Atiku is the Messiah Nigeria needs, says Former Lagos PDP Chairman Aeroland

A chieftain of the Peoples Democratic Party (PDP), Chief Segun Adewale, says former Vice-President Atiku Abubakar is the Messiah Nigeria needs now and he can fix the economy.

Adewale, a former Lagos State Chairman of the party, told the News Agency of Nigeria (NAN) on Friday in Lagos that no one should write off Abubakar politically or tell him to leave the PDP.

Recalls that some critics of Abubakar’s presidential ambition, including former PDP Deputy National Chairman, Chief Olabode George and former Gov. Ayo Fayose of Ekiti State had advised the former vice president not to run on the PDP platform in 2027.

While George on Wednesday told Abubakar to immediately resign from the PDP over an alleged anti-party activities, Fayose said he would work against his presidential ambition, if he decided to contest in 2027.

Speaking, Adewale popularly known as Aeroland, said that no one should play God over the ambition of the former vice president.

“He (Abubakar) has been tested and tried as part of the few politicians with contentment, and he has never given up.

“He has been in power, he understands Nigerian politics. He knows our challenges compared to other politicians that just want to grab power to get wealth.

“Atiku is one of the politicians that I know that is satisfied with whatever he has. Most others politicians, like his critics, are gluttons.

“It is unfortunate that the unrelenting opposition that Atiku has is still in the PDP, his party, not even outside PDP,” Adewale said.

According to him, it is sad that members of the PDP are still the one vehemently opposing Abubakar’s planned coalition to defeat the ruling All Progressives Congress (APC) for PDP, and return the party to power.

“Anyone within PDP saying Atiku should not contest in 2027 is working for the opposition and not for the party or the country.

“They are working for personal pocket, therefore, should not be listening to. We must discard their opinions.

“All dissenting voices in our party are working for their stomach, not for Nigeria,” Adewale said.

He maintained that none of the opposition party could defeat the ruling party single-handedly, not even Mr Peter Obi of the Labour Party.

Calling for a rejig in Nigeria’s electoral system to deepen democracy, Adewale claimed that he had been allegedly robbed of electoral victory severally in Lagos State owing to a flawed system.

“It is not about how smart we are, but about the system. It is not about how popular you are, it is about the system. We must join hands to correct this before 2027 polls.

According to him, Nigerians are tired of poor governance, calling for a change and breath of fresh air.

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