CREDICORP Launches “Fly Now, Pay Later” to Ease Domestic Travel Costs

The Nigerian Consumer Credit Corporation (CREDICORP) has introduced a “Fly Now, Pay Later” program to help Nigerians manage the cost of domestic air travel. Under the scheme, eligible passengers can book flights immediately and repay the cost in installments. The initiative is in partnership with Visaro and Alert Microfinance Bank, targeting Nigeria’s largest population centers.

The program allows travelers to access credit at the time of booking, removing the barrier of full upfront payment. It is particularly aimed at urgent trips where cash flow is tight. CREDICORP says the initiative will also promote financial inclusion by offering structured repayment plans.

“We are proud to launch Fly Now, Pay Later, a consumer credit solution designed to make local air travel more accessible for Nigerians,” the corporation said. “Passengers can now book flights today and pay over time, easing the burden of immediate costs.”

CREDICORP has rolled out similar credit programs in the past. YouthCred provides N100,000–N150,000 loans to corps members, while the CALM Fund supports CNG conversions and solar installations. Pension loans linked to inflows are managed through Leadway Trustees.

Additionally, a N20 billion auto credit fund supports local manufacturers such as Innoson and Mikano, expanding access to credit for young people, retirees, and green technology projects. The new travel scheme is part of this broader push to increase financial accessibility.

However, airfares remain high amid rising fuel costs of N1,850–N2,000 per litre due to Middle East tensions. One-way fares range from N133,500 for Uyo-Abuja flights to N137,500 for Enugu-Lagos routes—nearly two months’ pay for workers earning the N70,000 minimum wage. According to IATA, Nigerians take only 40 flights per 1,000 people annually, and rising jet fuel costs continue to push ticket prices higher.

CREDICORP emphasizes responsible lending through data-driven systems. Interested users can begin the process at visaro.ng. The program is intended to improve mobility and economic participation, even amid high baseline travel costs.