The federal government has launched a nationwide digital device credit programme designed to make smartphones, laptops, and other essential tools more accessible to working Nigerians.<\/p>\n
The initiative, announced by the Nigerian Consumer Credit Corporation (CREDICORP), follows a successful pilot that enabled more than 1,000 citizens to acquire smartphones through affordable credit. In this new phase, CREDICORP plans to scale access to over 15,000 workers across the country.<\/p>\n
Why It Happened<\/strong> The project is being rolled out in partnership with E Finance Company as a participating financial institution, with technology support from Credlock.<\/p>\n Who Benefits<\/strong> Who Loses<\/strong> What the Recognition Signifies<\/strong> What to Expect Next<\/strong> <\/p>\n","protected":false},"excerpt":{"rendered":" The federal government has launched a nationwide digital device credit programme designed to make smartphones, laptops, and other essential tools more accessible to working Nigerians. The…<\/p>\n","protected":false},"author":2,"featured_media":1288,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[172,36],"tags":[751,743,752,746,750,744,753,748,745,749,747],"class_list":["post-1284","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-policy","tag-consumercredit","tag-credicorp","tag-credlock","tag-devicecreditprogramme","tag-digitaleconomy","tag-digitalinclusion","tag-efinance","tag-laptopfinancing","tag-nigeriatech","tag-nigeriaworkers","tag-smartphoneaccess"],"yoast_head":"\n
\nAccording to Uzoma Nwagba, Managing Director of CREDICORP, the programme is a natural extension of government efforts to deepen digital inclusion and strengthen the productivity of Nigeria\u2019s workforce. He explained that many workers remain shut out of the digital economy because of cost barriers, and the new credit programme removes those hurdles by offering fair, structured financing.<\/p>\n
\nWorking Nigerians stand at the centre of the programme, gaining access to smartphones, laptops, and other devices crucial for earning, learning, and daily productivity. Employers and small businesses also benefit, since improved digital access enhances efficiency and broadens economic participation. CREDICORP\u2019s partners, including E Finance Company and Credlock, gain from scaling financial and technological solutions nationwide.<\/p>\n
\nTraditional device markets that rely solely on high upfront payments may experience reduced patronage as credit based acquisition becomes more attractive. Individuals who remain outside formal employment systems may also miss out unless the scheme expands to cover wider demographics.<\/p>\n
\nThe launch signals a government committed to building a digitally ready nation. It highlights CREDICORP\u2019s growing role as a catalyst for consumer credit and showcases how blended financing and technology can drive national development. Credlock CEO, Dayo Fabayo, noted that every device represents a pathway to learning and opportunity, underscoring the programme\u2019s potential to reshape digital participation across Nigeria.<\/p>\n
\nThe rollout is expected to widen in phases, with more workers onboarding as E Finance Company processes applications. Government officials suggest that future expansions may cover additional digital tools and extend to millions of Nigerians. With the success of this stage, the programme could evolve into a broader nationwide consumer credit ecosystem aimed at supporting mobility, education, and energy access.<\/p>\n