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Nairaland Forum / Nairaland / General / Politics / 1.6m Nigerians Applied For Consumer Credit Scheme - MD (23580 Views)
President Tinubu Approves Takeoff Of Consumer Credit Scheme / President Tinubu Appoints Uzoma Nwagba As CEO Of Consumer Credit Corporation / FG To Pay Youth Unemployment Benefits, Sets Up Consumer Credit Programme (2) (3) (4)
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1.6m Nigerians Applied For Consumer Credit Scheme - MD by Paraman: 11:16am On May 15 |
The Managing Director and Chief Executive Officer, Nigerian Consumer Credit Corporation, Uzoma Nwagba, has said that over one million Nigerians have submitted applications for the consumer credit scheme three weeks after its takeoff. https://punchng.com/buy-now-pay-later-1-9m-nigerians-applied-to-join-consumer-credit-scheme-md/?utm_source=telegram&utm_medium=social 6 Likes 6 Shares
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Re: 1.6m Nigerians Applied For Consumer Credit Scheme - MD by bennybuhari: 11:16am On May 15 |
Who no like awoof? Pay later koo 38 Likes 4 Shares |
Re: 1.6m Nigerians Applied For Consumer Credit Scheme - MD by Paraman: 11:18am On May 15 |
Tinubu is leading Nigeria to greatness. May God bless Nigeria ![]() 33 Likes 8 Shares |
Re: 1.6m Nigerians Applied For Consumer Credit Scheme - MD by tuzeriouz(m): 11:26am On May 15 |
The scheme is not sustainable. 48 Likes 4 Shares |
Re: 1.6m Nigerians Applied For Consumer Credit Scheme - MD by nedu666: 11:31am On May 15 |
Buy now, avoid payment. Opportunity to collect a part of the national cake. National cake is not only for president and govs 73 Likes 4 Shares |
Re: 1.6m Nigerians Applied For Consumer Credit Scheme - MD by commoditiesnig: 12:03pm On May 15 |
That's good to know. |
Re: 1.6m Nigerians Applied For Consumer Credit Scheme - MD by seunmsg(m): 12:09pm On May 15 |
tuzeriouz: US, UK and other western countries run a sustainable credit financing system. So, why do you think we won’t be able to sustain our own? 63 Likes 2 Shares |
Re: 1.6m Nigerians Applied For Consumer Credit Scheme - MD by Throwback: 12:13pm On May 15 |
I'm not particularly impressed with the guidelines for how this credit scheme will operate. The relevant government institutions including the CBN, should simply work out a system where sellers and buyers of goods and services, do not need to pay fully upfront before a transaction/exchange can be completed. And the instrument for such transaction is a credit card. So this should start with salary earners. The banks should start issuing credit cards and allow for either one time credit payment at the point of sale which the card holder then offset his accrued invoices at a specified date of every month, or structured monthly payments that is configured at the 1st point sale which the card holder then offset that monthly partial invoice at the specified date every month. Any other system is just unnessary inefficiency. 59 Likes 1 Share |
Re: 1.6m Nigerians Applied For Consumer Credit Scheme - MD by Throwback: 12:15pm On May 15 |
seunmsg: More like this implementation is not sustainable. Akin to a politician donating a 19th century borehole in the 21st century. It is either the policy advisers are not better exposed to think better, or we do not yet have the financial framework and infrastructures to implement such a system, so we are only trying to force it through. There is time to do it well, no need to rush and fail. 38 Likes |
Re: 1.6m Nigerians Applied For Consumer Credit Scheme - MD by Ofunaofu: 1:00pm On May 15 |
BATerian praises Tinubu's credit scheme, which is yet to be implemented. Even comparing it with what is obtainable in the US, UK, and other western countries when no one has yet to receive any loans seunmsg: Honestly, seunmsg, you are irredeemable While this other BATerian below me is fed up with Tinubu, expressing doubt about the entire credit scheme, He is having problems with the implementation and is suggesting that it could be done better so as to achieve its intended purpose. He knows that the present setup of the credit scheme is bound to fail like others from the Tinubu calamitous government. Throwback: 13 Likes 1 Share |
Re: 1.6m Nigerians Applied For Consumer Credit Scheme - MD by seunmsg(m): 1:09pm On May 15 |
Throwback: Let’s get it started first. The countries with a functional credit system started somewhere. Once we start, we can keep correcting the system and fine tuning it to work better. They can’t start and get it perfectly running on day one. No system start on a perfect footing. 46 Likes 4 Shares |
Re: 1.6m Nigerians Applied For Consumer Credit Scheme - MD by tuzeriouz(m): 1:28pm On May 15 |
seunmsg:Nigerians are always in a hurry to set up comparison with the West without recourse to Nigeria's internal factors. Why creditcorp when banks of agriculture, industry and MFBs, the supposed players poised to drive SMEs. The domino effect of properly driven SMEs will catalyze the market and increase consumer purchasing power. Truth be told, creditcorp falls under the purview of "palliative democracy" 3 Likes |
Re: 1.6m Nigerians Applied For Consumer Credit Scheme - MD by Obakoolex(m): 2:02pm On May 15 |
![]() 28 Likes |
Re: 1.6m Nigerians Applied For Consumer Credit Scheme - MD by southsouthking(m): 2:03pm On May 15 |
I'm just laughing. E get why. 1 Like 1 Share |
Re: 1.6m Nigerians Applied For Consumer Credit Scheme - MD by 89green: 2:03pm On May 15 |
Re: 1.6m Nigerians Applied For Consumer Credit Scheme - MD by Sirkingsnado: 2:04pm On May 15 |
![]() ![]() This government dey play is the way chy used to play with me then |
Re: 1.6m Nigerians Applied For Consumer Credit Scheme - MD by Empresa: 2:05pm On May 15 |
He will understand better when people refuse to pay |
Re: 1.6m Nigerians Applied For Consumer Credit Scheme - MD by Chikel20000(m): 2:06pm On May 15 |
Paraman:hehehehehe!!! |
Re: 1.6m Nigerians Applied For Consumer Credit Scheme - MD by 1000Capacity: 2:07pm On May 15 |
nedu666: ![]() ![]() ![]() ![]() |
Re: 1.6m Nigerians Applied For Consumer Credit Scheme - MD by Blitzking: 2:07pm On May 15 |
What is the website? For this 1 Like 1 Share |
Re: 1.6m Nigerians Applied For Consumer Credit Scheme - MD by Sheuns(m): 2:07pm On May 15 |
seunmsg: Why do we have to start something inefficient and fail then go ahead to start correcting the failures. Why not just copy the already successful implementations of others that have it running? 5 Likes 2 Shares |
Re: 1.6m Nigerians Applied For Consumer Credit Scheme - MD by Hollyharjii: 2:08pm On May 15 |
k |
Re: 1.6m Nigerians Applied For Consumer Credit Scheme - MD by oluwaseyi0: 2:10pm On May 15 |
Most Nigerian will knowing, opening and gladly take credit but you will have to drag them like portable or tiger gen before they pay At the end your recovery fee may be more than the profit 3 Likes |
Re: 1.6m Nigerians Applied For Consumer Credit Scheme - MD by Paraman: 2:10pm On May 15 |
tuzeriouz:Wetin this one dey talk 😕 1 Like |
Re: 1.6m Nigerians Applied For Consumer Credit Scheme - MD by bentenny(m): 2:10pm On May 15 |
Hmmm....even an agbadorian is casting doubt over this scheme believing it was rushed! There might be some hope left in some agbadorians! So I saw agbadorians already hailing the scheme same way they applauded the now failed anchor borrowers scheme! When ever one is embarking on a scheme copied from someone or country,it's important to ensure that everything is done to near perfection so that it's goal can be achieved! Just like the student loan scheme,they should have ensured all due diligence is followed instead of resorting to patch patch or hoping to learn on the job with resources that are scarce! I hope this won't end up being another failed scheme or a conduit pipe for politicians to loot! 2 Likes |
Re: 1.6m Nigerians Applied For Consumer Credit Scheme - MD by andy244: 2:10pm On May 15 |
seunmsg: Because Nigeria can never sustain anything. Only corruption |
Re: 1.6m Nigerians Applied For Consumer Credit Scheme - MD by jaxxy(m): 2:11pm On May 15 |
Paraman: Failed economy. I'm happy u know yre not God. |
Re: 1.6m Nigerians Applied For Consumer Credit Scheme - MD by poiZon: 2:12pm On May 15 |
seunmsg:UK, US, and other western countries have Stable power supply, this is why we won't be able to sustain this. If in 21st century, generating and distribution of power is rocket science, then this credit scheme stuff will not be sustained in Nigeria. 3 Likes 1 Share |
Re: 1.6m Nigerians Applied For Consumer Credit Scheme - MD by hosemujica: 2:12pm On May 15 |
Tribalism, nepotism and corruption won’t let it work otherwise it’s a fantastic idea. Portable comes to mind. In fact, Nigerians are fantastically corrupt. 4 Likes 1 Share |
Re: 1.6m Nigerians Applied For Consumer Credit Scheme - MD by Theoarhics: 2:13pm On May 15 |
Who are those that have applied. Cos I haven't seen anyone yet or any potter for application. They wan embezzle again oo 2 Likes 1 Share |
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