The Federal Government has introduced a new consumer credit product, “Fly Now, Pay Later,” designed to make domestic air travel more accessible to Nigerians by allowing eligible passengers to book flights and pay in installments.
The Nigerian Consumer Credit Corporation announced the initiative on its X handle on Tuesday, stating that the scheme aims to remove the upfront financial barrier that often delays important trips for many citizens .
“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 corporation’s statement read .
CREDICORP said the solution is being delivered in partnership with the booking platform MyVisaro and Alert Microfinance Bank as part of broader efforts to expand access to responsible consumer credit .
Interested individuals are encouraged to visit visaro.ng to book a flight to any city in Nigeria and take advantage of the flexible payment options .
“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 launch comes amid growing concerns over the rising cost of domestic air travel in Nigeria. During the 2025 Yuletide period, one-way fares on some domestic routes surged by about 150 per cent, exceeding N300,000 .
Airlines have attributed the high ticket prices to the rising cost of aviation fuel, foreign exchange constraints, and other operational expenses .
The scheme aligns with the government’s broader mandate to promote financial inclusion and improve access to essential services through innovative credit solutions .
