The Presidential Council on Industrial Revitalisation has established a Technical Working Group to develop the needed framework to enhance consumer credit in Nigeria.
“An efficient consumer credit system is a highly essential component of successful economies, as it works to improve market efficiencies and fill in gaps in consumption and productivity by providing consumers immediate access to credit allowing them to purchase ahead of ability. The absence of a well-structured consumer credit system has been a significant impediment to financial inclusion and economic prosperity,” Dr. Doris Uzoka-Anite the Trade Minister said at the inaugural meeting of the Technical Working Group for Consumer Finance.
