Verify a Claim

Federal Consumer Credit Scheme

POLICY ID
NDD-POL-005

POLICY TYPE

Administrative Policy

CURRENT STAGE

Operational

Consumer Credit

The federal consumer credit initiative established CREDICORP to expand responsible consumer credit through credit guarantees, wholesale lending and improved credit reporting.
THE DELIVERY CHAIN

A Decision Is Only The Beginning.

Follow each policy through the stages that separate a public announcement from measurable delivery.

01

Announced

A public commitment or policy direction has been stated.

02

Approved

The relevant executive, legislative or administrative authority has acted.

03

Funded

A documented appropriation, release or financing commitment exists.

04

Implementation Started

Operational steps, procurement or physical delivery have commenced.

05

Operational

The programme, institution, system or facility is functioning.

06

Impact Verified

Outcome evidence is available beyond an announcement or output count.

DELIVERY RECORD

What happened,
and where the record stands.

Follow the documented path from the policy decision through funding, implementation and operation.

ANNOUNCEMENT DATE
24/04/2024
LEGAL / AUTHORITY BASIS
Presidential approval of the Consumer Credit Scheme and establishment of the Nigerian Consumer Credit Corporation.
FUNDING STATUS
Financing Secured
IMPLEMENTATION STARTED
24/04/2024
OPERATIONAL STATUS
Operational
IMPACT EVIDENCE
The State House reported in June 2025 that more than 100,000 Nigerians, including 35,000 civil servants, had benefited from affordable consumer credit through CREDICORP. This is a government-reported programme output and should not be presented as an independently verified national welfare outcome.
CURRENT FINDING
The consumer credit scheme is operational and has documented beneficiary activity. Further evidence is required to assess repayment performance, household welfare effects and broader economic impact.
LAST REVIEWED
20260929

REVIEWER NOTE

Keep beneficiary counts separate from outcome claims.
NO DEY DOUBT

Follow the record.
Check the evidence.

A policy record should show what was decided, what happened next and what evidence is available to the public.