The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, on Thursday said 11,000 beneficiaries have received N3.5 billion from the consumer credit scheme in the last five days.
Mr Edun disclosed this while briefing State House Correspondents shortly after the National Economic Council meeting chaired by Vice President Kashim Shettima in Abuja on Thursday.
Outlining the steps taken to ameliorate the economic difficulties and pains faced by Nigerians due to subsidy removal and other ongoing policy reforms, he said President Bola Tinubu’s commitment was always to help the poor and the most vulnerable in particular, and the whole society in general.
“The Consumer Credit Scheme (is) to allow workers to be able to pay for things over time, to be able to afford various goods, including Compressed Natural Gas (CNG) kits to convert their car to a cheaper form of fuel. In the last five days, 11,000 beneficiaries have received N3.5 billion. So that’s an ongoing roll out of consumer credit to help people to make things more affordable to the worker,” Mr Edun said.
