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According to Nwagba, the financial institutions range from commercial banks, microfinance institutions, finance companies, fintechs, mortgage banks, and cooperatives.

The CrediCorp is a Federal Government corporation with a mandate to expand consumer credit access to millions of Nigerians.

He added that 85 of those institutions were licensed by the Central Bank of Nigeria and served over 1.5 million consumer credit customers collectively.

Nwagba said, “The EOI remains an ongoing process and is quite detailed. We are pleased by the depth of engagement from financial institutions, especially the leading institutions of each type.

“This speaks to the excitement of financial institutions to partner with CrediCorp to receive our development finance or targeted credit guarantees. Together with our partners, we are poised to accelerate consumer credit access, ensuring that millions more Nigerians can access the financial resources and products they need to improve their lives, backed by their income.”

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