FG Launches ₦50,000+ Pension-Backed Loans for Retirees to Boost Financial Inclusion
[NigerianEye - Nigeria] - 19/09/2025
The Federal Government of Nigeria unveiled a groundbreaking pension-backed loan scheme on September 18, 2025, aimed at providing affordable credit to retirees struggling with healthcare costs, small business startups, and daily needs amid persistent economic pressures. The initiative, spearheaded by the Nigerian Consumer Credit Corporation (CREDICORP), offers loans starting from ₦50,000, with maximum amounts tied to individual pension incomes, marking a significant step toward integrating senior citizens into the nation's credit ecosystem.The program was formally launched through a (…)
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