The Federal Government has introduced a new consumer credit product, “Fly Now, Pay Later,” aimed at making domestic air travel more accessible to Nigerians.
The Nigerian Consumer Credit Corporation (CREDICORP) disclosed this in an announcement posted on its X handle on Tuesday, stating that the initiative will allow eligible customers to book local flights and repay the cost over time through structured financing.
According to the corporation, the scheme is designed to remove the upfront financial barrier that often delays important trips for many Nigerians.
“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 explained that the solution is being delivered in partnership with MyVisaro and Alert Microfinance Bank as part of efforts
The corporation urged interested individuals to visit visaro.ng to apply and book flights to any destination within Nigeria.
“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 agency noted that the initiative aligns with its broader mandate to promote financial inclusion and improve access to essential services through innovative credit solutions.
The launch comes amid growing concerns over the rising cost of domestic air travel in Nigeria, with many citizens facing affordability challenges despite increasing demand for intra-country connectivity.
During the 2025 Yuletide period, one-way fares on some domestic routes reportedly rose by about 150 per cent, exceeding N300,000.
Airlines have attributed the surge in ticket prices to the rising cost of aviation fuel, foreign exchange constraints, and other operational expenses.
