The Federal Government has introduced a new consumer credit product, “Fly Now, Pay Later.” This initiative aims to make domestic air travel more accessible to Nigerians across the country.
The Nigerian Consumer Credit Corporation (CREDICORP) shared the news on Tuesday via its X handle. They stated that the scheme allows eligible customers to book local flights and repay the cost over time. This structured financing helps people manage their travel budgets more effectively.
Removing Financial Barriers
According to CREDICORP, the ‘Fly Now, Pay Later’ scheme handles the upfront financial hurdles that often delay important trips. High costs have recently made it difficult for many to fly when they need to.
“Through this initiative, eligible customers can book domestic flights today and repay the cost over time through structured financing, removing the upfront barrier that often delays important trips,” the statement read.
CREDICORP is delivering this solution in partnership with MyVisaro and Alert Microfinance Bank. This collaboration is part of a larger effort to expand access to responsible consumer credit in Nigeria. To apply, the corporation urged interested individuals to visit visaro.ng and book a flight to any city in Nigeria.
A Focus on Financial Inclusion
The corporation noted that the initiative aligns with its mandate to promote financial inclusion. By offering innovative credit solutions, they hope to improve access to essential services for all citizens.
“At CREDICORP, we remain committed to expanding responsible consumer credit and enabling Nigerians live better now, including flying locally. Fly now. Pay later. Opportunity shouldn’t wait,” it added.
The launch arrives at a critical time. Many Nigerians are worried about the rising cost of domestic air travel. Despite a high demand for flights between cities, affordability remains a major challenge.
Why Airfares are Skyrocketing
During the 2025 Yuletide period, some one-way fares jumped by about 150 per cent. In some cases, tickets exceeded N300,000. These price hikes have put a significant strain on the average traveller. Airlines have explained that several factors drive these high prices. The rising cost of aviation fuel, foreign exchange constraints, and general operational expenses continue to push ticket costs upward. This new credit scheme offers a vital cushion for those who must travel despite the economic pressure.
