The Federal Government has unveiled a new credit initiative tagged “Fly Now, Pay Later” to make domestic air travel more accessible for Nigerians.

The scheme was announced by the (CREDICORP), which said the initiative allows eligible individuals to book flights within Nigeria and pay in installments over time.

How the scheme works

According to CREDICORP, the program is designed to remove the burden of upfront ticket payments, enabling more Nigerians to travel when needed without financial strain.

The initiative is being implemented in partnership with and as part of efforts to expand access to consumer credit.

Interested applicants are required to visit the Visaro platform, select their preferred destination within Nigeria, and choose a repayment plan based on structured financing options.

Addressing rising air travel costs

The move comes amid growing concerns over the high cost of domestic flights, which has made air travel increasingly unaffordable for many Nigerians.

Airfares surged significantly during the 2025 festive season, with some one-way tickets rising by over 150 percent to more than N300,000. Airlines have blamed the hike on rising aviation fuel costs, foreign exchange challenges, and operational expenses.

Boosting financial inclusion

CREDICORP noted that the “Fly Now, Pay Later” initiative aligns with its broader goal of promoting financial inclusion and improving access to essential services through innovative credit solutions.

The agency added that the scheme will help Nigerians meet urgent travel needs while spreading payment over time, easing financial pressure.

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