FG Announces USSD Service For Nigerians To Access Loans To Buy Phones, Other Gadgets

The Federal Government has introduced a USSD-based credit service that enables Nigerians to access loans for mobile phones and other gadgets without requiring a smartphone or internet access.
The service, known as SPARK, was launched by the Nigerian Consumer Credit Corporation (CREDICORP) to expand access to consumer credit, particularly for first-time borrowers with limited or no formal credit history.
Interested Nigerians can access the service by dialling 347 333# on their mobile phones.
According to CREDICORP, SPARK is designed to simplify access to credit while helping borrowers build formal credit histories through responsible loan repayments.
The corporation said repayment...