The Nigerian Consumer Credit Corporation (CREDICORP) has kicked off its Project S.C.A.L.E (Securing Consumer Access for Local Enterprises), to accelerate the growth of Nigeria’s local industries by providing consumer credit to Nigerians, specifically for the purchase of goods and services of local vendors and manufacturers.

According to the Managing Director/Chief Executive Officer of CREDICORP, Uzoma Nwagba, this is a part of President Bola Tinubu’s vision for the acceleration of consumer credit access for Nigerians to improve quality of life, stem corruption, and catalyse industry.

Nwagba said that the S.C.A.L.E initiative is a bold step towards supporting Nigerian enterprises by accelerating demand, which, in turn, grows local industries and creates jobs.  He added that the programme connects Nigerian consumers with credible local manufacturers and vendors across critical sectors while ensuring consumers afford these products via affordable consumer credit.

The statement noted: “CREDICORP seeks to drive an initial one million credit-backed consumers to local vendors and manufacturers. The corporation invites local vendors and manufacturers to participate in this transformative programme.”

“The S.C.A.L.E Programme will empower consumers and producers to thrive, by driving access to locally-made products, and incremental value addition across five high-impact thematic areas, including Home Improvement (Furniture, Appliances & Building Materials).”