The Federal Government of Nigeria has unveiled a new consumer credit product, “Fly Now, Pay Later,” designed to make domestic air travel more affordable and accessible for Nigerians.
The initiative, announced on Tuesday via the X handle of the Nigerian Consumer Credit Corporation (CREDICORP), allows eligible customers to book local flights and pay for them over time through structured financing, removing the upfront cost barrier that often delays travel.
“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 noted that the program is being rolled out in partnership with MyVisaro and Alert Microfinance Bank as part of efforts to expand access to responsible consumer credit. Interested Nigerians are encouraged to visit visaro.ng to book flights to any city within the country.
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“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,” the corporation added.
The program aligns with CREDICORP’s broader mandate to promote financial inclusion and improve access to essential services through innovative credit solutions.
The launch comes amid rising concerns over the affordability of domestic air travel, with many citizens struggling to cope with escalating ticket prices. During the 2025 Yuletide period, fares on some domestic routes surged by around 150 per cent, exceeding N300,000 for a one-way trip. Airlines have cited rising aviation fuel costs, foreign exchange constraints, and operational expenses as key factors driving ticket price increases.