CREDICORP Empowers 100 Ondo Women

Nigerian Consumer Credit Corporation (CREDICORP) has empowered no fewer than 100 women drawn from different parts of Ondo State with tricycles given on credit.

The empowerment was given to the women during the programme known as “Queen Rider” designed to empower women through access to locally assembled tricycles, fully financed through affordable credit in partnership with Gamma Mobility, Accion Microfinance Bank and Simba TVS.

The executive director of CREDICORP, Olanike Kolawole, said the initiative goes beyond promises but a bold step to give Nigerian women access to mobility, dignity, and economic independence.

The Queen Rider programme, she said, was aimed at empowering 3,700 Nigerian women, with each state of the federation and the Federal Capital Territory (FCT) getting 100 tricycles each.

According to her, the beneficiaries of the tricycles can use them for commercial transport, unlocking income opportunities and economic independence, particularly for women who are often excluded from formal lending and high-yield economic sectors.

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

She said this would strengthen Nigeria’s industrial base while ensuring each loan supports local job creation and economic circulation.

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

These are more than vehicles; they represent access, ownership, and control over one’s economic future and they are made in Nigeria, financed in Nigeria, and changing lives across Nigeria,” she said.

The rollout in Akure, the state capital, attracted stakeholders from the public and private sectors, highlighting the alignment between CREDICORP’s mission and the Ondo State Government’s commitment to economic inclusion and industrial growth.

She said by enabling structured, credit-based access to productive tools, CREDICORP is catalysing grassroots economic activity – one state at a time. The Queen Rider program is one of several transformative projects under the organization’s broader vision to provide consumer credit to half of Nigeria’s working population by 2030.