The Federal Government has unveiled a new consumer credit initiative that allows Nigerians to book domestic flights and pay in installments.
The programme, tagged “Fly Now, Pay Later,” is being implemented through the Nigerian Consumer Credit Corporation (CREDICORP) as part of a broader push to expand access to structured consumer credit across the country.
Under the scheme, eligible Nigerians can secure flight tickets for local travel without making full upfront payments.
Instead, beneficiaries will be allowed to spread the cost over an agreed period, subject to credit approval and repayment terms.
How It Works
According to officials, the initiative operates on a credit-based model, similar to global “Buy Now, Pay Later” systems.
Applicants will undergo a credit assessment process to determine eligibility before accessing the facility.
The scheme is being rolled out in partnership with travel financing platform Visaro, which will serve as the primary application channel.
Interested individuals are required to apply through the platform’s website.
A participating financial institution will provide the underlying credit, while airlines collaborate to ensure seamless ticket booking for approved customers.
Government sources say the initiative is designed to make air travel more accessible to middle- and lower-income Nigerians who may struggle with the rising cost of flight tickets.
In recent years, domestic airfares have surged due to inflation, foreign exchange pressures, and increased operational costs in the aviation sector. The new credit scheme is expected to cushion these effects by spreading payments over time.
Officials also emphasized that the programme is not a subsidy or free-flight initiative, but rather a structured loan facility that must be repaid under agreed conditions.
Beneficiaries who fail to meet repayment obligations may face penalties, in line with standard credit practices.
