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JUST IN: 40,000 Civil Servants To Benefit From First Phase Of Consumer Credit – Presidency

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The Federal Government has disclosed that over 40,000 civil servants have applied in the initial phase of the consumer credit scheme and will receive the first tranche of payment in weeks.

Naijablitznews.com reports that on April 24, the federal government approved the takeoff of the first phase of the consumer credit scheme and launched a portal for Nigerians to apply.

According to government, the scheme, which aims to broaden consumer credit availability, will be rolled out in phases, starting with civil servants, and then extended to the general public.

The Chief Executive Officer (CEO) of the Consumer Credit Corporation (CreditCorp), Uzoma Nwagba, on May 15, revealed that about 1.6 million Nigerians have applied for credit under its scheme.

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In a statement on X on Thursday, Dada Olusegun, Special Assistant to President Bola Tinubu on Social Media, estimated that 500,000 Nigerians will have access to consumer credit by May 2025.

“Over 40,000 civil servants have applied in the initial phase and will receive the first tranche of payment in weeks,” Olusegun said.

“The first phase of the scheme is targeted at civil servants, and the next phase, the general population.

“By May 2025, it is conservatively estimated that 500,000 Nigerians will benefit from consumer credit access.”

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According to Olusegun, about 150 banks, both money deposit and microfinance institutions, have expressed interest in being part of the ecosystem that is being created by the Nigerian Consumer Credit Corporation (CrediCorp) to essentially undergird a national consumer credit system.

He also said CrediCorp is collaborating with the National Identity Management Commission (NIMC) to efficiently link Nigerians’ national identification numbers (NINs) to a credit-scoring system.

Olusegun said the consumer credit scheme is conceived and designed to accelerate credit access to citizens in line with Tinubu’s vision of ensuring that every hardworking Nigerian enjoys a decent standard of living.

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Just in: Tinubu exposes those behind deadly stampedes

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President Bola Tinubu has accused organisers for the deadly stampedes that occurred during the distribution of relief materials in three states.

Recall in the past week, chaotic scenes in Ibadan, Anambra and Abuja led to the deaths of over 60 people, including children, as crowds scrambled for food items.

During a Presidential Media Chat on Monday, Tinubu described the events as a critical failure in planning and execution.

Condolences to those who lost a family member, but it is good to give. I have been giving out food stuff, commodities, etc. in Bourdillon.

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“I am an organized person and that’s why I have been giving people food for the past 25 years and no incident has happened.

“Let this tragedy not affect us”, the Nigerian leader said.

The president also said he has no plans to reduce his cabinet or sack more ministers.

For the controversial tax reform bills, he said it has come to stay.

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He also revealed he has no regrets removing fuel subsidy.

He declared utmost confidence in his security chiefs saying over the past decades, wanton killings has reduced drastically.

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Tinubu To Hold Maiden Presidential Media Chat Tonight

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President Bola Tinubu will hold first presidential chat since assuming office on Monday night.

Accoding to a statement released by presidential spokesperson, Bayo Onanuga, the chat will be broadcast at 9 p.m. on the stations of Nigerian Television Authority (NTA) and Federal Radio Corporation of Nigeria (FRCN).

All television and radio stations are requested to hook up to the broadcast.

“The first Presidential Media Chat with President Bola Ahmed Tinubu will be broadcast at 9 p.m. on Monday, December 23, on the Nigerian Television Authority and Federal Radio Corporation of Nigeria.

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“All television and radio stations are requested to hook up to the broadcast,” the statement.

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‘Putin waiting to meet me as soon as possible’ to end Ukraine war – Trump

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The US President-elect took to the stage AmFest in Phoenix to talk about his contact with the Russian leader.

He told the crowd: “President Putin has said he want to meet with me as soon as possible.”

Trump went on to brand the war “horrible” and stated it needed to end. It is not known whether or not this meeting will take place in person. His comments at the event in the US come as Putin met with another world leader.

Putin held talks in the Kremlin today (December 22) with Slovakia’s prime minister, Robert Fico, in a rare visit to Moscow by an EU leader since Russia’s all-out invasion of Ukraine in February 2022.

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Fico arrived in Russia on a “working visit” and met with Putin one-on-one. Kremlin spokesman Dmitry Peskov told Russia’s RIA agency that the talks would focus on “the international situation” and Russian natural gas deliveries.

Visits and phone calls from European leaders to Putin have been rare since Moscow sent troops into Ukraine, although Hungary’s PM Viktor Orban visited Russia in July. Orban’s visit drew condemnation from Kyiv and European leaders.Fico’s views on Russia’s war on Ukraine differ sharply from most other European leaders. The Slovakian PM returned to power last year after his leftist party Smer (Direction) won parliamentary elections on a pro-Russia and anti-American platform. Since then, he has ended his country’s military aid for Ukraine, hit out at EU sanctions on Russia, and vowed to block Ukraine from joining NATO.

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