By Adeyemi Emmanuel

In a bid to alleviate financial pressure on Nigeria’s working population, the Nigerian Consumer Credit Corporation, CREDICORP has launched a consumer loan program to help citizens manage the impact of rising petrol prices.

As at yesterday, 10,942 civil servants across various sectors have benefited from this initiative, with more recipients being added daily.

The Corporation disclosed this in a fifth-day disbursement  publication.

A breakdown of the beneficiaries according to the publication showed that education workers and teachers were the highest in number with 4,786. This was followed by administrators with 2,831 beneficiaries, while doctors and health care workers were 1,307.

Additionally, 1,264 police and paramilitary officers benefitted from the loan with 753 specialized workers.

The loan as gathered was designed to work through financial institutions to provide accessible and affordable credit to economically active citizens, helping households meet urgent needs with ease.