Five Simple Steps to Apply for Consumer Credit Scheme Before Deadline

The Consumer Credit Scheme, spearheaded by President Bola Tinubu, marks a significant milestone in Nigeria’s efforts to empower its citizens economically.

Launched on April 21, this initiative aims to provide accessible credit facilities to hardworking individuals across the nation, starting with civil servants.

With the guidance of Ajuri Ngelale, the President’s special adviser on media and publicity, the scheme promises to revolutionize the financial landscape by offering opportunities for citizens to enhance their quality of life.

Through prudent management of payments over time, individuals can now acquire essential goods and services such as housing, transportation, education, and healthcare, bolstering stability and fostering personal growth.

Consumer credit plays a vital role in modern economies, empowering individuals to fulfill their aspirations and contribute to national development. By prioritizing user experience and simplicity, the program seeks to ensure that every Nigerian, regardless of background or circumstance, can participate and benefit.

As the first phase of registration draws to a close on May 15, 2024, the Consumer Credit Scheme stands as a beacon of hope, promising tangible support and opportunities for a brighter future for


Step 1: Visit the Official Website

To start your application for the Consumer Credit Scheme, visit the official website at On the homepage, you will find a “Register Now” button. Clicking this button will direct you to a form where you need to provide your personal information.

You will be required to fill in the following:

  • Your full name including first middle [if you have one] and last
  • Your phone number
  • Your email address
  • Your date of birth
  • Your gender which can be male or female
  • Your state of residence
  • Your state of origin

After completing these fields click “Proceed” to go to the next step.

Step 2: Provide Loan Application Details

In this part of the process you will specify why you need the loan. Fill in the following:

  • The reason for your loan to explain what you will use the money for
  • Your comfortable repayment amount to indicate how much you can afford to repay in six months
  • Microfinance experience to state if you have borrowed from a microfinance bank before
  • Previous loan amount if you have borrowed before state the highest amount you borrowed
  • Your National Identity Number is also required

After you have provided this information click “Proceed.”

Step 3: Enter Your Employment Details

Now you need to give some details about your employment:

  • Years of experience to state how long you have been in your current job
  • Monthly income to indicate how much you earn each month before taxes
  • Salary bank to name the bank where you get your salary
  • Loan destination bank to specify which bank account you want to receive the loan in

Once you fill in these details click “Proceed.”

Step 4: Secondary Employment Details (Optional)

If you have a second job you can provide details here:

  • State if you have a secondary job with a simple Yes or No
  • If yes give details about your side job including years of experience monthly earnings and the bank where you receive this income

Step 5: Complete Face Capture

The final step in your application is to complete a face capture. This step finalizes your registration process.

After this your application will be submitted. Remember the deadline to register for the first phase is May 15th 2024. Make sure you do not miss this chance to enhance your standard of living


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