To mark Armed Forces Remembrance Day, the Nigerian Consumer Credit Corporation (CREDICORP) has kicked off a consumer credit fund for personnel of the armed forces.

The programme is in partnership with Fewchore Finance, one of its participating financial institutions (PFI), which aims to benefit 20,000 armed forces personnel in its first phase.

This fund – kicking off with the Armed Forces Remembrance Day – advances President Bola Ahmed Tinubu’s vision to extend consumer credit access to over 50 per cent of working Nigerians by 2030.

Via affordable consumer credit, members of the Armed Forces can now acquire life-enhancing household assets and meet immediate financial challenges at even better terms for locally manufactured goods.

It aims to ease their financial burden, boost morale and enhance the well-being of their families, most of whom leave for the battlegrounds, a statement said. Tinubu has championed the welfare of uniformed personnel, and this initiative reflects his commitment to creating meaningful support systems.

“This programme shows the President’s commitment to supporting those who protect and serve our nation,” said Managing Director/CEO of CREDICORP, Uzoma Nwagba, said.

“By making credit accessible to armed forces personnel, we not only honour their service but also advance the President’s goal of using consumer credit for much better lives,” he said.

Managing Director/CEO of Fewchore Finance, Sunkanmi Balogun, added: “We are proud to support the courageous men and women of the armed forces. At Fewchore Finance, we have a long-standing relationship with the Armes Forces and remain committed to creating solutions that address real needs.”

The initiative will involve all branches of the armed forces. Phased implementation will ensure equitable access, coordinated with the respective accounts and budget departments of the forces.