CREDICORP Targets Empowerment Of 3,700 Women Via Credit Scheme

The Nigerian Consumer Credit Corporation (CREDICORP) has disclosed its intention is to empower no fewer than 3,700 Nigerian women through its credit-backed mobility programme.

CREDICORP Managing Director, Engr. Uzoma Nwala, disclosed on Wednesday in Port Harcourt, Rivers State capital during the distribution of 20 tricycles to young women in the state.

Nwala described the ‘Queen Rider’ programme as an ambitious nationwide initiative, aimed at empowering at least 100 women per state and the Federal Capital Territory to become tricycle owners and operators through access to credit-backed vehicle purchases.

He said, “But, this is more than just mobility, it is a strategy for economic inclusion, putting working tools in the hands of women who are too often locked out of high-opportunity sectors like urban transportation.

“With partner financial institutions such as Accion Microfinance Bank, CREDICORP is scaling access to productive assets that improve household incomes, stimulate local manufacturing, and unlock the economic power of Nigerian women.

“These tricycles aren’t just vehicles. They represent ownership, autonomy, and agency for women—delivered through structured, affordable credit and made in Nigeria,” Nwala said.

She added, “We are solving for household dignity and industrial growth at the same time,” saying “By driving up demand for domestically assembled vehicles, the programme supports Nigeria’s broader industrial policy goals, ensuring that every loan taken strengthens a local factory and feeds a local family.”

Nwala stated that the Queen Rider initiative was part of CREDICORP’s wider effort to enable half of Nigeria’s working population by 2030 with consumer credit tools that directly enhance quality of life, whether through vehicle ownership, clean energy adoption, or youth enterprise.