The federal government has launched a new consumer credit initiative known as “Fly Now, Pay Later,” designed to make domestic air travel more affordable for Nigerians.
The Nigerian Consumer Credit Corporation, CREDICORP, announced the programme in a post shared on its official X account on Tuesday.
According to the agency, the initiative will enable qualified customers to book domestic flights and pay for them in instalments through a structured financing arrangement.
CREDICORP explained that the scheme is intended to ease the financial burden many Nigerians face when trying to afford flight tickets, which often require full payment upfront.
“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.
The corporation said the product is being implemented in collaboration with MyVisaro and Alert Microfinance Bank as part of a broader effort to widen access to responsible consumer credit in the country.
Prospective users were encouraged to apply by visiting visaro.ng, where they can select and book flights to destinations across Nigeria.
“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,” it added.
CREDICORP noted that the programme supports its wider goal of promoting financial inclusion and improving access to essential services through innovative credit products.
The introduction of the scheme comes at a time when the cost of domestic air travel in Nigeria has risen significantly, creating affordability challenges for many passengers despite growing demand for local air connectivity.
During the 2025 festive season, ticket prices on some domestic routes increased by roughly 150 per cent, with one-way fares surpassing N300,000.
Airlines have linked the surge in fares to higher aviation fuel costs, foreign exchange pressures, and other operational expenses.
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