The federal government has introduced a “fly now, pay later” scheme aimed at improving access to domestic air travel across the country.
The initiative, unveiled by the Nigerian Consumer Credit Corporation (CrediCorp), allows eligible Nigerians to book local flights and pay in instalments over a period of time.
According to the corporation, the programme is designed to ease the burden of upfront travel costs, which often prevent many citizens from flying within the country.
CrediCorp disclosed that the scheme is being implemented in partnership with MyVisaro and Alert Microfinance Bank.
Under the arrangement, beneficiaries are required to make an initial deposit of 30 percent of the ticket cost, while the remaining balance is spread across three monthly instalments.
The initiative comes amid rising domestic airfares, which have placed increasing financial pressure on travellers.
The programme is part of broader efforts by CrediCorp to expand access to consumer credit and enhance financial inclusion in Nigeria.
In recent months, the corporation has rolled out several credit schemes targeting different segments of the population, including youth, retirees, and prospective vehicle owners.
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In December 2024, CrediCorp partnered with the National Automotive Design and Development Council (NADDC) to launch a N20 billion consumer credit fund to support the purchase of locally assembled vehicles.
The agency also introduced “YouthCred,” a programme that provides employed Nigerians aged 18 to 39 access to credit facilities of up to N5 million.
Additionally, a pension-backed loan scheme was launched for retirees in collaboration with Leadway Trustees and Optimus Bank.
