CREDICORP empowers Ondo women through credit facility

From Bamigbola Gbolagunte, Akure

The Nigerian Consumer Credit Corporation (CREDICORP), in partnership with Gamma Mobility and Accion Microfinance Bank, has empowered women in Ondo State through the provision of a credit facility.

The organisation successfully completed the Ondo State edition of its flagship Queen Rider programme in Akure, the state capital, on Tuesday, July 22.

The organisation said the gesture was part of its nationwide drive to empower women with credit-backed productive assets.

The beneficiaries of the gesture, who were drawn from different parts of the state, were given locally assembled tricycles, fully financed through affordable credit provided under an initiative known as Securing Consumer Access for Local Enterprises (SCALE).

The Executive Director of the organisation, Mrs Olunike Kolawole, said the Queen Rider programme, which aims to empower 3,700 Nigerian women, gives beneficiaries ownership of vehicles that can be used for commercial transport, thereby unlocking income opportunities and economic independence, particularly for women often excluded from formal lending and high-yield economic sectors.

She said: “As with previous rollouts, the tricycles distributed in Akure were assembled locally by Simba TVS, one of Nigeria’s leading three-wheeler (keke) assemblers with a production capacity of over 1,170 vehicles daily.

“This strengthens Nigeria’s industrial base while ensuring that each loan supports local job creation and economic circulation.”

“What we’re building is a pipeline of dignity—where Nigerian women move from survival to stability through credit.

“The Queen Rider programme is one of several transformative projects under the organisation’s broader vision to provide consumer credit to half of Nigeria’s working population by 2030.

“Other ongoing programmes, such as YouthCRED (targeted at youth and NYSC members) and C.A.L.M. (for clean energy and CNG access), reflect the same principle: using credit as a tool for inclusion, empowerment, and growth. CREDICORP continues to work in close partnership with the Central Bank of Nigeria (CBN), licensed financial institutions, and local manufacturers to deliver scalable and inclusive financial solutions across the country,” she added.