Amid rising considerations over the rising value of home air journey, the Federal Authorities has rolled out a “Fly Now, Pay Later” shopper credit score scheme to ease the {financial} burden on Nigerian travellers.
The initiative, unveiled by the Nigerian Shopper Credit score Company (CREDICORP) on Tuesday through its official X deal with, allows eligible passengers to ebook native flights and unfold funds over time by means of structured financing.
The transfer comes as many Nigerians grapple with hovering ticket costs, which have made air journey more and more unaffordable regardless of rising demand for intercity connectivity.
Throughout the 2025 yuletide interval, one-way fares on some home routes surged by about 150 per cent, climbing above N300,000. Airways have linked the spike to escalating aviation gas prices, overseas trade constraints, and different operational challenges.
CREDICORP stated the brand new credit score resolution is designed to take away the upfront cost barrier that usually delays essential journey plans.
“By this initiative, eligible prospects can ebook home flights in the present day and repay the price over time by means of structured financing,” the company acknowledged.
The programme is being applied in partnership with MyVisaro and Alert Microfinance {Bank}, as a part of broader efforts to increase entry to accountable shopper credit score and promote {financial} inclusion.
Potential beneficiaries are inspired to use by means of the Visaro platform to entry the power and ebook flights throughout the nation.
CREDICORP famous that the scheme aligns with its mandate to enhance Nigerians’ entry to important companies by means of revolutionary {financial} options.
“At CREDICORP, we stay dedicated to enabling Nigerians to reside higher now. Fly now. Pay later. Alternative shouldn’t wait,” it added.