The Federal Government has launched a new consumer credit product called “Fly Now, Pay Later” to make domestic air travel more affordable and accessible for Nigerians.

The initiative allows eligible passengers to book flights immediately and pay the cost in manageable installments over time.

The Nigerian Consumer Credit Corporation, known as CREDICORP, announced the scheme on its X handle on Tuesday. The corporation explained that the programme is designed to eliminate the upfront financial burden that frequently prevents citizens from undertaking important domestic journeys.

“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 corporation’s statement read.

CREDICORP stated that the solution is being implemented in partnership with the booking platform MyVisaro and Alert Microfinance Bank. This collaboration forms part of wider efforts to broaden access to responsible and sustainable consumer credit across the country.

Interested Nigerians are urged to visit visaro.ng to book flights to any destination within Nigeria and benefit from the flexible payment arrangements offered under the scheme.

“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,” the corporation added.

The introduction of the “Fly Now, Pay Later” product comes against the backdrop of escalating domestic airfares in Nigeria. During the 2025 Yuletide season, one-way ticket prices on several routes increased by approximately 150 per cent, with some exceeding N300,000.

Airlines have cited multiple factors for the sharp rise in fares, including the escalating cost of aviation fuel, persistent foreign exchange shortages, and other mounting operational expenses.

The new credit scheme supports the Federal Government’s ongoing commitment to financial inclusion. It seeks to enhance access to essential services, such as air travel, through innovative and responsible financing options tailored to the needs of ordinary Nigerians.