The Nigerian Police Force has launched a ₦5.5 million tricycle loan plan to financially empower its officers. The initiative, spearheaded by Inspector General Kayode Egbetokun and facilitated by Bulk Stalker Engineering Limited, allows personnel to secure tricycles, popularly known as "Keke". This scheme is designed to provide an alternative income stream, boosting financial security for officers.
The scheme details were communicated on March 12, 2025, via a police wireless message by the Assistant Inspector General from the Nigeria Police Cooperative Society in Lagos news. Officers can choose from multiple tricycle models, including taxis and ambulances, repaying ₦90,000 monthly over five years through IPPIS deductions. Application forms are accessible at all police cooperative shops, ensuring wide participation across Nigeria.
Key Takeaways:
- The tricycle scheme offers Nigerian police officers the means to supplement their income.
- Officers will pay ₦90,000 monthly over 60 months, providing a structured repayment plan.
- Forms are readily available at police cooperative shops nationwide, emphasizing accessibility.
This innovative financial plan not only supports officers but also stimulates economic activity in cities like Abuja by enhancing public transportation options. How do you see this affecting the overall livelihood of police officers in Nigeria? Share your thoughts!
