FG Launches USSD Service for Easy Access to Loans

In a bid to enhance financial inclusion and facilitate access to credit for Nigerians, particularly those without internet access, the Federal Government has launched a new USSD-based credit service named SPARK. According to Vanguard News, this innovative service is designed to help Nigerians obtain loans and build formal credit histories using basic mobile phones.

The report by Vanguard News, published on their website on the 1st of November, 2026, offers details on how to apply for the loans through the USSD service. While the article does not specify when the facility began operating, it emphasizes that SPARK will offer a significant boost to financial inclusion by providing a simple and accessible means for Nigerians to access loans without internet connectivity.

This development comes as part of the government’s efforts to improve the financial landscape in the country, making it easier for citizens to secure credit and foster economic growth.