The Federal Government has expanded its consumer credit reforms with the launch of a national digital device credit programme designed to make smartphones, laptops, and other work-essential digital tools more affordable for Nigerian workers. The initiative, implemented through the Nigerian Consumer Credit Corporation, follows the successful pilot phase that enabled more than one thousand Nigerians to acquire smartphones through low-cost credit.
In this new phase, the corporation is scaling the programme to reach over fifteen thousand working Nigerians who will now be able to access smartphones, laptops, and digital devices needed for work, learning, and productivity. To deliver the rollout at scale, CREDICORP is partnering with E-Finance Company as one of its participating financial institutions while receiving technology support from Credlock.
The Managing Director of CREDICORP described the expansion as a natural progression of the corporation’s mission to strengthen digital inclusion and remove financial barriers that prevent workers from acquiring essential devices. He noted that access to digital tools should not be a luxury, stressing that Nigeria’s workforce needs fair and affordable pathways to own devices that support learning, innovation, and improved productivity. He highlighted the wider impact of credit access in areas such as mobility and renewable energy and said digital tools now sit at the centre of earning and opportunity.
The CEO of Credlock explained that digital devices have become bridges to economic opportunity, adding that a basic smartphone now represents the potential to work, learn, access information, and build dignity. He stated that collaborating with CREDICORP and E-Finance will allow the company to scale this vision to millions of Nigerians as the government intensifies efforts to build a digitally ready and financially included population.
