Lunagisthub
Tinubu’s Credit Initiative Reaches 100,000 Nigerians, More Set to Benefited
In a significant stride toward financial inclusion and economic empowerment, President Bola Tinubu announced that over 100,000 Nigerians have already accessed the newly launched national consumer credit scheme. The initiative, designed to make credit more accessible to everyday citizens, is only just beginning—with an additional 400,000 Nigerians next in line to benefit.
The president made this announcement during the 32nd Annual Meetings of the African Export-Import Bank (Afreximbank), held in Abuja. At the event, Tinubu also recognized Prof. Benedict Oramah, outgoing President and Chairman of Afreximbank, by awarding him the national honour of Grand Commander of the Order of the Niger (GCON). The award acknowledges Oramah’s outstanding leadership and dedication to the development of Africa’s economy, with a particular focus on Nigeria’s growth.
Highlighting Nigeria’s growing partnerships and support from international institutions, Tinubu noted that the country has received over \$52 billion in support from Afreximbank—an endorsement of Nigeria’s potential and reforms.
Beyond financial access, Tinubu outlined additional key national initiatives under his administration:
A major student loan programme is underway to ensure that no Nigerian child is denied higher education due to financial constraints.
The federal government has invested ₦45.9 billion to upgrade 8,800 primary healthcare centres across the country. The upgrades are improving access to maternal care and diagnostic services in underserved areas.Thousands of kilometers of fibre-optic cables are being deployed to enhance internet connectivity, bridge the digital divide, and drive innovation across Nigeria.
These moves reflect a broader vision for inclusive growth, where access to credit, education, healthcare, and digital infrastructure forms the foundation of a stronger, more equitable economy.
Lunagisthub
