- The Federal Government has introduced a “Fly Now, Pay Later” scheme to ease access to domestic flights
- The initiative was powered by the Nigerian Consumer Credit Corporation (CREDICORP) and it allows eligible Nigerians to book flights immediately and repay in installments
- The programme aims to eliminate the burden of upfront ticket payments as airlines cite fuel costs, forex issues, and operational expenses as reasons for high fares
The Federal Government has rolled out a new consumer credit initiative, “Fly Now, Pay Later,” to make domestic air travel more affordable for Nigerians.
The programme was announced on Tuesday, March 17, by the Nigerian Consumer Credit Corporation via its official X (formerly Twitter) handle.
The scheme allows qualified individuals to book local flights immediately and spread payments over time through structured financing.
According to the agency, the initiative targets one of the biggest barriers to air travel in Nigeria, the high upfront cost of tickets.
“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 credit solution is being implemented in collaboration with MyVisaro and Alert Microfinance Bank, as part of broader efforts to expand access to responsible consumer lending.
CREDICORP encouraged interested Nigerians to apply through the Visaro platform by visiting visaro.ng and booking flights to any destination within the country.
“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.
The agency noted that the scheme aligns with its mandate to deepen financial inclusion and improve access to essential services through innovative credit offerings.
The launch comes at a time when domestic airfares in Nigeria continue to rise sharply, putting pressure on travelers despite growing demand for intercity connectivity.
During the 2025 festive season, ticket prices surged significantly, with one-way fares on some routes climbing by about 150 per cent to over N300,000.
Airlines have blamed the spike on escalating aviation fuel costs, foreign exchange challenges, and other operational expenses.