FG Inaugurates CreditCorp Board, Targets 50% Credit Access by 2030

Vice-President Kashim Shettima has inaugurated the board of the Nigerian Consumer Credit Corporation, saying the body is central to Nigeria’s ambition of building a one trillion dollar economy. The ceremony took place on Thursday in Abuja on behalf of President Bola Tinubu.

Shettima said CreditCorp is tasked with expanding access to consumer credit, building trust between lenders and borrowers, and reducing borrowing costs through wholesale capital and credit guarantees. He said the goal is to enable at least 50 per cent of working Nigerians to access consumer credit by 2030.

Also Read: Remi Tinubu Donates ₦250m to NIPSS, Inaugurates Centre for Gender Excellence

According to the vice-president, the corporation has disbursed more than 37 billion naira to over 200,000 Nigerians within its first year, with more than half accessing formal credit for the first time. He urged board members to uphold governance rules and ensure accountability in managing public resources.