CREDICORP Hosts Queen Rider Rollout In Ondo State, Empowers More Women Through Credit And Mobility

Mary Nnah

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. This initiative aims to empower 3,700 Nigerian women with credit-backed productive assets.

The Queen Rider program 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.

The tricycles distributed in Akure were assembled locally by Simba TVS, one of Nigeria’s leading three-wheelers 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.

“What we’re building is a pipeline of dignity—where Nigerian women move from survival to stability through credit,” said Olanike Kolawole, Executive Director, Operations of CREDICORP. “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.

For more information, visit: www.credicorp.ng