More than 100,201 Nigerians, including over 35,000 civil servants, have benefited from the Nigerian Consumer Credit Corporation (CREDICORP), an initiative established by President Bola Tinubu to expand access to affordable consumer credit nationwide.

Launched as a key component of President Tinubu’s economic reform agenda, the initiative aims to democratize credit access and enhance the quality of life by enabling responsible and affordable borrowing.

Through CREDICORP, beneficiaries have been able to access a wide range of goods and services, including vehicles, solar home systems, digital devices, home improvement items, equipment, machinery, and other essential consumer products.

According to CREDICORP, 64% of the beneficiaries are first-time credit users—a notable milestone in a country where access to formal credit has long been a challenge for the average citizen.

“This credit changed everything for me,” said Aisha Yusuf, a teacher in Kano who purchased a solar power system for her home. “We used to suffer frequent blackouts. Now my children can study at night.”

Civil servants across the country have also praised the programme.

“I got a laptop and a motorbike. This has boosted both my side hustle and my official productivity,” said Chinedu Okafor, a public officer in Enugu.

According to Sunday Dare, Special Adviser on Media and Public Communication, the initiative aligns with President Tinubu’s broader economic vision—to stimulate local production, curb corruption by alleviating desperation, and empower Nigerians with tools for improved livelihoods.

Writing on his X handle @SundayDareSD, the presidential aide noted that the administration is using responsible consumer credit expansion to stimulate domestic demand and support local industries.

“This isn’t just about loans,” said Dr. Salisu Abdul, Managing Director of CREDICORP. “It’s about unlocking the dignity and potential of millions who were previously excluded from the formal credit system.”

As Nigeria pushes forward with its economic transformation agenda, officials say initiatives like CREDICORP represent a vital step toward financial inclusion, economic resilience, and national development.