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FG introduces Fly Now, Pay Later to ease cost of domestic flights in Nigeria.
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CREDICORP partners lenders to expand access to consumer credit for air travel.
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High airfare crisis addressed as Nigerians can now spread payment over time.
The Federal Government has unveiled a new credit initiative, “Fly Now, Pay Later,” to make domestic air travel more affordable for Nigerians.
The programme, announced by the Nigerian Consumer Credit Corporation (CREDICORP), allows eligible travellers to book flights immediately and repay the cost in instalments through structured financing.
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According to the agency, the scheme is designed to eliminate the burden of upfront ticket payments, which often prevent many Nigerians from undertaking urgent trips.
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CREDICORP disclosed that the initiative is being implemented in partnership with MyVisaro and Alert Microfinance Bank to ensure wider access to responsible consumer credit.
The corporation encouraged interested applicants to access the service online and book flights across various destinations within Nigeria.
Officials noted that the scheme aligns with the government’s broader drive to deepen financial inclusion and improve access to essential services through innovative lending solutions.
The development comes amid rising domestic airfare, with ticket prices reportedly increasing by as much as 150 per cent during the 2025 festive season, in some cases exceeding ₦300,000.
Airlines have blamed the surge on escalating aviation fuel costs, foreign exchange challenges, and operational expenses.