Salaried workers in Nigeria cannot access affordable credit despite having verifiable income

Nigerians with formal employment and documented income still face rejection or predatory lending rates when applying for credit, because lenders lack efficient systems to verify income, assess existing obligations, and calculate repayment capacity. Traditional credit assessment methods are slow, opaque, and fail to bridge the gap between financial inclusion and actual credit access, leaving employed individuals unable to finance emergencies, education, or business expansion.