The Nigerian Consumer Credit Corporation (CREDICORP) has extended its nationwide rollout of 10,000 credit-backed, locally assembled vehicles to Yola, Adamawa State, advancing its drive to put productive assets within reach of working Nigerians through affordable consumer credit.
The rollout, held at the Mahmud Ribadu Square in Yola, marks CREDICORP's
arrival in the North-East — a significant milestone in the Corporation's
expanding national mobility programme, taking credit-backed vehicle ownership
deeper into communities across every region of Nigeria.
Having advanced through South-South, North-Central, South-West —
including Port-Harcout, FCT, Ijebu-Ode, Akure Lagos, and Ile-Ife — the rollout
now arrives in Adamawa, with Borno to follow, before the programme moves into
the South-East as CREDICORP progressively delivers the national programme
across the country.
In a historic first, the Yola activation marks CREDICORP's inaugural
deployment of Compressed Natural Gas (CNG) powered three-wheelers — a
deliberate step that aligns the Corporation's consumer credit mandate with the
Federal Government's energy transition agenda and its commitment to cleaner,
more sustainable livelihoods for Nigerian workers. By financing CNG-powered
vehicles, CREDICORP is ensuring that the transition to cleaner energy is not a
burden on working Nigerians, but an opportunity made accessible through
responsible consumer credit.
The mobility rollout is part of CREDICORP's broader effort to make
consumer credit an everyday tool for Nigerians to own useful and productive
assets, improve their livelihoods, and live better lives today. Across its
programmes, more than 301,000 Nigerians nationwide have now accessed
CREDICORP-supported consumer credit spanning mobility, digital devices, home
improvement, life essentials, and other productive assets.
The vehicle rollout is being delivered under CREDICORP's S.C.A.L.E.
initiative — Securing Consumer Access for Local Enterprises — which connects
the purchasing power created by consumer credit
with Nigerian production and enterprise. By financing locally assembled
vehicles and other Nigerian-made goods, CREDICORP seeks to achieve two
objectives at once: improving the lives and earning capacity of consumers while
creating sustained demand for local manufacturers, assemblers, and businesses
Speaking about the rollout, Engr. Uzoma Nwagba, Managing Director/CEO of
CREDICORP, said the Yola activation represents a defining chapter in
CREDICORP's national mission. "What Nigerians are seeing in Yola today
is one stop in a much bigger journey. We are taking consumer credit across
every region of this country and putting productive assets into the hands of
hardworking people who can use them to earn, grow, and live better now.”
"The CNG vehicles being deployed today carry a dual significance.
They represent both our commitment to reaching Nigerians in every part of the
country and our belief that the energy transition must be financed in a way
that works for ordinary people. When a Nigerian can acquire a clean-energy
vehicle today and pay responsibly over time, we have not only financed an asset
— we have expanded that person's economic possibilities while building demand
for something produced here in Nigeria. Multiply that across thousands of
people, communities, and industries, and consumer credit becomes a powerful engine
for better lives and national economic growth."
CREDICORP works through licensed financial institutions and an expanding
ecosystem of manufacturers, vendors, and community partners to deliver its
programmes. For the Yola rollout, Subcity Global served as the vendor and
aggregator partner, mobilising beneficiaries and coordinating the deployment,
while credit administration support was provided by Letshego Microfinance Bank
and Accion Microfinance Bank. DAG Bajaj supplied the locally assembled CNG
three-wheelers.
Through S.C.A.L.E. and its wider consumer credit programmes, CREDICORP
continues to build a national marketplace in which responsible credit gives
Nigerians the purchasing power to own more, earn more, and live better now —
while that purchasing power increasingly supports Nigerian industry and jobs.
For more information, visit: www.credicorp.ng
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