FG Launches USSD Code For Loans On Food, Solar and Essentials

The Federal Government has introduced a USSD-based credit service that lets Nigerians access consumer loans through basic mobile phones, without needing internet access or a smartphone.

According to Monday reports, the loans can cover needs including food, solar power and other household essentials. The scheme widens the government's consumer-credit drive to people outside the smartphone and banking-app economy.

Details on interest rates, loan limits and eligibility were not fully set out in the initial reports. Civique News advises readers to use only official government channels and beware of fake codes circulating online.