The Federal Government of Nigeria has introduced a new consumer credit initiative tagged “Fly Now, Pay Later,” aimed at making domestic air travel more accessible and affordable for Nigerians.
Newsonspot reports that the programme was announced by the Nigerian Consumer Credit Corporation, which revealed that the scheme allows eligible individuals to book local flights and repay the cost over time through structured financing.
According to the corporation, the initiative is designed to eliminate the burden of upfront payment, which often prevents many Nigerians from undertaking important trips within the country.
CREDICORP noted that the solution is being implemented in partnership with MyVisaro and Alert Microfinance Bank as part of broader efforts to expand access to responsible consumer credit.
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Interested applicants are encouraged to visit the Visaro platform to book flights to destinations across Nigeria while enjoying flexible repayment options.
The corporation emphasized that the initiative aligns with its mandate to promote financial inclusion and improve access to essential services through innovative credit solutions.
This development comes at a time when the cost of domestic air travel continues to rise, making it increasingly difficult for many Nigerians to afford flight tickets.
Reports indicate that during the 2025 Yuletide season, one-way fares on some local routes surged by as much as 150 percent, with prices exceeding N300,000.
Airlines have attributed the spike in ticket prices to factors such as rising aviation fuel costs, foreign exchange challenges, and increasing operational expenses, further highlighting the importance of flexible payment solutions like the new scheme.
