FG rolls out ‘fly now, pay later’ plan to ease cost of local air travel

In a bid to make domestic air travel more affordable, the Federal Government has launched a new credit initiative known as “Fly Now, Pay Later,” targeted at Nigerian travelers.

The programme was announced on Tuesday by the Nigerian Consumer Credit Corporation (CREDICORP) via its official X platform. The agency explained that the scheme allows qualified individuals to secure flight bookings within Nigeria and spread payments over time through a structured financing arrangement.

CREDICORP noted that the initiative is intended to tackle the financial burden that prevents many Nigerians from making urgent or necessary trips.

“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 statement read.

The corporation further disclosed that the offering is being implemented in collaboration with MyVisaro and Alert Microfinance Bank, as part of broader efforts to deepen access to consumer credit.

Interested applicants were advised to visit visaro.ng to book flights to destinations across the country under the scheme.

Reaffirming its mission, the agency emphasized its dedication to improving access to financial tools that enhance everyday living.

“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,” it added.

The initiative also aligns with CREDICORP’s wider goal of boosting financial inclusion by providing innovative credit solutions for essential services.

Its introduction comes at a time when domestic airfare costs have surged, making travel increasingly difficult for many Nigerians despite a growing need for intercity movement.

Notably, during the 2025 festive season, one-way tickets on certain local routes spiked by approximately 150 percent, with fares climbing above N300,000.

Air carriers have linked the persistent rise in ticket prices to escalating aviation fuel costs, foreign exchange pressures, and other operational challenges.