More women receive credit, mobility from CREDICORP, partners in Akure

The Nigerian Consumer Credit Corporation (CREDICORP), in partnership with Gamma Mobility and Accion Microfinance Bank, has successfully completed the Ondo State edition of its flagship Queen Rider program, marking another milestone in its nationwide drive to empower women with credit-backed productive assets.
Held recently in Akure, the event saw dozens of women received locally assembled tricycles, fully financed through affordable credit provided under the Initiative Securing Consumer Access for Local Enterprises (S.C.A.L.E.).
The Queen Rider program, which aims to empower 3,700 Nigerian women (at least 100 per state and the FCT), gives beneficiaries ownership of vehicles that can be used for commercial transport, unlocking income opportunities and economic independence, particularly for women 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. This strengthens Nigeria’s industrial base while ensuring that each loan supports local job creation and economic circulation.
According to the Executive Director, Operations, CREDICORP, Olanike Kolawole, what we’re building is a pipeline of dignity where Nigerian women move from survival to stability through credit.
Kolawole said, “These are more than vehicles. They represent access, ownership, and control over one’s economic future—and they’re made in Nigeria, financed in Nigeria, and changing lives across Nigeria.”
The Akure rollout 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.
By enabling structured, credit-based access to productive tools, CREDICORP is catalyzing 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.
Other ongoing programs 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.