The Consumer Credit Corporation (CREDICORP) has unveiled a national digital device credit program, aimed at expanding access to smartphones, laptops, and other essential digital tools for working Nigerians, reinforcing the country’s drive toward a more digitally connected and future-ready society.

The initiative builds on a successful pilot phase, during which over 1,000 Nigerians accessed smartphones via affordable credit through CREDICORP’s partnership with E-Finance Company, supported by Credlock’s intelligent device-collateral system. Strong repayment rates and rapid adoption during the pilot underscored the demand and national need for such financial support.

Under the first phase of the scaled program, CREDICORP intends to enable over 15,000 Nigerians to acquire digital devices that directly enhance productivity, income potential, and digital participation. The program ensures seamless application, financing, and delivery, removing the heavy burden of upfront payments.

“From mobility to renewable energy, we have seen the profound impact that access to credit can have on people’s daily lives,” said CREDICORP Managing Director Uzoma Nwagba.
“Digital devices are central to learning, earning, and productivity, and expanding access to them is critical to building a more digitally ready nation.”

Credlock CEO Dayo Fabayo highlighted the transformative potential of everyday devices:

“Every smartphone represents an opportunity to learn, work, access opportunity, and live with dignity. Partnering with CREDICORP and E-Finance allows us to scale this vision to millions of Nigerians.”

The program targets a wide spectrum of users: young graduates can connect to job portals and remote work; civil servants can increase productivity; traders, artisans, and small business owners can reach new customers and run operations efficiently. CREDICORP emphasizes that digital devices are now essential tools of progress, not luxury items.

Over the past year, CREDICORP has supported thousands of Nigerians in acquiring assets—from mobility solutions that improve commuting and productivity to renewable energy systems powering homes and businesses—demonstrating that fair and responsible credit access can rapidly improve lives.

Interested Nigerians can apply through CREDICORP-participating financial institutions via www.credicorp.ng/apply.