In a significant push for women’s economic empowerment, the Consumer Credit Corporation (CREDICORP), in partnership with Gamma Mobility and Accion Microfinance Bank, has completed the Ondo State edition of its Queen Rider programme, distributing locally assembled tricycles to dozens of women through affordable credit.
The event, held last week in Akure, marks another milestone in the nationwide rollout of the Queen Rider initiative, part of the broader S.C.A.L.E. scheme—Securing Consumer Access for Local Enterprises which is designed to deliver productive assets to underserved populations through structured credit.
Under the Queen Rider programme, at least 100 women in every Nigerian state and the FCT are set to benefit from credit-backed ownership of commercial transport vehicles. The initiative targets 3,700 beneficiaries nationwide, focusing on those typically excluded from formal financial services and high-yield economic sectors. Each tricycle, assembled locally by Simba TVS, provides recipients with a pathway to income generation and long-term financial stability.
“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,” said Olanike Kolawole, Executive Director of Operations at CREDICORP. “What we’re building is a pipeline of dignity where Nigerian women move from survival to stability through credit.”
The Akure rollout drew participation from key public and private sector stakeholders, reinforcing the alignment between CREDICORP’s mission and Ondo State’s drive for inclusive economic growth and local industrial development. By sourcing the tricycles from Nigerian manufacturers like Simba TVS known for assembling over 1,170 units daily , the programme also supports local production and job creation.
The Queen Rider initiative is one of several under CREDICORP’s wider strategy to provide consumer credit to half of Nigeria’s working population by 2030. Other ongoing projects, such as YouthCRED (targeting youth and NYSC members) and C.A.L.M. (focused on clean energy and CNG solutions), are built on the same philosophy using credit as a tool for inclusion, empowerment, and economic expansion.
Through collaborations with the Central Bank of Nigeria, licensed financial institutions, and Nigerian manufacturers, CREDICORP is working to build a future where structured access to credit fuels productivity, ownership, and widespread economic transformation.
