Federal Government Launches USSD Loan Service for Nigerians

The Federal Government has introduced a USSD-based credit service to assist Nigerians in accessing consumer loans for essential needs such as food and solar power. This service allows users to obtain loans using basic mobile phones, eliminating the need for internet connectivity or smartphones.

The initiative aims to enhance financial inclusion among Nigerians, particularly those who may not have access to traditional banking services. The introduction of this service reflects the government's commitment to improving the economic conditions of its citizens by providing easier access to credit facilities.