By Peace Udugba
The Nigerian Consumer Credit Corporation (CREDICORP) has expanded its nationwide mobility ownership programme to Ijebu-Ode, Ogun State, further advancing efforts to broaden access to consumer credit and stimulate local industrial growth.
Over 227,000 Nigerians have so far been reached through the initiative, which supports asset ownership, local manufacturing, and income generation across key sectors of the economy.
The latest rollout, held at the historic Awujale Palace, was carried out in partnership with the Ijebu Development Initiative on Poverty Reduction (IDIPR), Imowo Microfinance Bank, and Simba TVS. It involved the deployment of credit-backed three-wheelers to transport operators and households in Ijebu-Ode under affordable repayment arrangements facilitated by CREDICORP and participating financial institutions.
The intervention forms part of CREDICORP’s broader S.C.A.L.E. (Securing Consumer Access for Local Enterprises) initiative, which links consumer purchasing power with local production, job creation, and industrial expansion.
According to the corporation, a total of 227,728 Nigerians have benefited from its various programmes, including access to vehicles, solar energy systems, digital devices, work tools, and home improvement financing. These interventions are delivered through 35 partner financial institutions and are reported to have recorded zero non-performing loans to date, while also supporting growth across 15 local industries.
Speaking at the event, CREDICORP Board Chairman, Otunba Aderemi Abdul-Bojela, described the programme as a model for inclusive growth and economic empowerment.
“What we are building goes far beyond vehicle financing—it is about expanding access to opportunity and strengthening local industry,” he said. “Every three-wheeler deployed represents another Nigerian empowered to improve their livelihood while contributing to enterprise growth.”
Also speaking, Executive Director of Operations, Olanike Kolawole, said the initiative demonstrates how asset-backed credit can drive inclusive economic development.
“S.C.A.L.E. is not a one-off intervention; it is a scalable model. From women entrepreneurs under the Women in Mobility programme to transport operators in Ijebu-Ode, our mission remains helping Nigerians access productive assets through responsible credit,” she said.
CREDICORP noted that the programme continues to rely on strong collaboration with financial institutions, manufacturers, and community partners to deepen financial inclusion and strengthen Nigeria’s consumer credit ecosystem.
