The Federal Inland Revenue Service Chairman, Zacch Adedeji, said the Nigerian government would unveil its proposed N100 billion consumer credit loan in a couple of days.
Adedeji made this statement during a visit to the Revenue
House in Abuja by the management team of Guinness Nigeria Plc, led by CEO
Adebayo Alli.
The Chairman emphasized that the credit scheme, aimed at
easing economic challenges for Nigerians, will be introduced in the coming days
for the benefit of consumers.
“The launch of the consumer credit scheme is imminent, which
will lay the groundwork for the products you offer,” Adedeji shared through his
media aide, Dare Adekanmbi.
Addressing the necessity of such a scheme in a country of
Nigeria’s economic magnitude, he stressed the importance of providing consumers
with access to credit for essential purchases, allowing them to have disposable
income for other needs, like leisure activities.
Notably, in the 2024 Appropriation bill, the government set
aside N100 billion for the consumer credit program, as stated by Minister of
Budget and National Planning, Sen. Atiku Bagudu, on March 14th, 2024.
“Allocating N100 billion for consumer credit is crucial as
it helps address the challenges faced by the manufacturing industry, including
production efficiency and securing buyers,” Sen. Atiku Bagudu emphasized.
It is worth mentioning that President Bola Ahmed Tinubu
signed the N28.7 trillion national budget for the year 2024 into law on January
1st.
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