{"id":5728,"date":"2026-11-01T15:16:49","date_gmt":"2026-11-01T15:16:49","guid":{"rendered":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/01\/fg-launches-ussd-service-to-help-nigerians-access-loans-without-internet-how-to-apply\/"},"modified":"2026-11-01T15:16:49","modified_gmt":"2026-11-01T15:16:49","slug":"fg-launches-ussd-service-to-help-nigerians-access-loans-without-internet-how-to-apply","status":"publish","type":"post","link":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/01\/fg-launches-ussd-service-to-help-nigerians-access-loans-without-internet-how-to-apply\/","title":{"rendered":"FG launches USSD service to help Nigerians access loans without internet [How to apply]"},"content":{"rendered":"
\"FG<\/p>\n

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The Federal Government has launched a new USSD-based credit service, SPARK, designed to help Nigerians access loans and build formal credit histories using basic mobile phones.<\/p>\n

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The product, introduced by the Nigerian Consumer Credit Corporation (CREDICORP), targets Nigerians, particularly first-time borrowers who have limited or no credit history.<\/p>\n

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Interested Nigerians can dial *347*333#<\/strong> on their mobile phones to access the service without requiring a smartphone or internet connection.<\/p>\n

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According to CREDICORP, SPARK is designed to simplify access to consumer credit while helping beneficiaries establish repayment records that could improve their credit profiles and open up further financial opportunities.<\/p>\n

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\u201cBy establishing repayment records through responsible borrowing, beneficiaries can progressively improve their credit profiles and create pathways to greater financial opportunities,\u201d the corporation said.<\/p>\n

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It added that the product is expected to become more widely available to Nigerians before the end of 2026.<\/p>\n

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Why FG introduced SPARK<\/strong><\/p>\n

The product was unveiled at CREDICORP\u2019s \u2018CREDICORP for All\u2019 showcase in Aba, Abia State, where the corporation highlighted affordable credit opportunities for more than 1,000 residents.<\/p>\n

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The event brought together beneficiaries, participating financial institutions, local vendors and government representatives to demonstrate how consumer credit could support businesses and improve livelihoods.<\/p>\n

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Activities included credit-access demonstrations for market women and traders, presentations on the YouthCred initiative for young Nigerians, and the showcasing of credit-backed tricycles for transport operators.<\/p>\n

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The event also featured locally assembled tricycles made available on credit through CREDICORP\u2019s Securing Consumer Access for Local Enterprises (S.C.A.L.E.) initiative.<\/p>\n

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CREDICORP Managing Director and Chief Executive Officer, Uzoma Nwagba, said the initiative was designed to make consumer credit accessible beyond traditional financial institutions.<\/p>\n

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\u201cConsumer credit should not be a privilege reserved for a few. It should be an opportunity available to every working Nigerian,\u201d he said.<\/p>\n

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He added, \u201cToday in Aba, Abia State, in Nigeria\u2019s South East, we are demonstrating what that means in practical terms: credit for market women, a financial head start for young people, productive assets for transport operators, and with SPARK, a simple way for Nigerians to begin building their credit histories. This is how we make credit work for the people.\u201d<\/p>\n

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Chinenye Mba-Uzoukwu, chief principal to Abia State Governor Alex Otti, said the state government was creating an environment where responsible consumer credit and enterprise could thrive.<\/p>\n

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\u201cUnder Governor Alex Otti\u2019s leadership, Abia State is putting the conditions in place for businesses to grow, investments to flourish and responsible credit to reach more of our people,\u201d Mba-Uzoukwu said, representing the governor at the event.<\/p>\n

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\u201cBy strengthening the enabling environment for enterprise, we are making it easier for initiatives such as CREDICORP to support traders, young people and hardworking families across the state.\u201d<\/p>\n

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Similarly, Armstrong Ume Takang, Managing Director of the Ministry of Finance Incorporated (MOFI) and a CREDICORP board member, said the showcase demonstrated how Federal Government policies could translate into economic opportunities for Nigerians.<\/p>\n

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\u201cThrough CREDICORP, we are seeing how well-structured public investment can stimulate enterprise, support local manufacturers and deliver measurable economic impact directly to citizens,\u201d Takang said.<\/p>\n

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CREDICORP said it had facilitated more than N53.5bn in consumer credit for over 351,000 Nigerians since commencing operations, with women accounting for approximately 59 per cent of beneficiaries.<\/p>\n

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Vanguard News<\/a><\/p>\n

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The post FG launches USSD service to help Nigerians access loans without internet [How to apply]<\/a> appeared first on Vanguard News<\/a>.<\/p>\n<\/div>\n

Source: <\/p>\n

Vanguard News<\/div>\n","protected":false},"excerpt":{"rendered":"

The Federal Government has launched a new USSD-based credit service, SPARK, designed to help Nigerians access loans and build formal credit histories using basic mobile phones. The product, introduced by… <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-5728","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/5728","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/comments?post=5728"}],"version-history":[{"count":0,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/5728\/revisions"}],"wp:attachment":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media?parent=5728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/categories?post=5728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/tags?post=5728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}