The Federal Government has launched a national digital device credit programme aimed at making smartphones, laptops, and other essential digital tools more affordable for working Nigerians. The initiative, driven by the Nigerian Consumer Credit Corporation (CREDICORP), was formally announced on Tuesday with a focus on expanding digital access across the workforce. According to the statement, the rollout follows the success of a pilot phase that enabled over 1,000 Nigerians to access smartphones through affordable credit.
In this new phase, CREDICORP said it is scaling the programme to reach more than 15,000 working Nigerians who will be able to access smartphones, laptops, and other digital devices.
The corporation explained that this move is in line with efforts to strengthen digital inclusion and productivity. It noted that to deliver the initiative at scale, it is collaborating with one of its Participating Financial Institutions, E-Finance Company, while receiving technology support from Credlock.
Reflecting on the launch, CREDICORP’s Managing Director, Uzoma Nwagba, described the expansion as a natural progression of its work. He explained that the initiative aligns with the government’s agenda to build a modern workforce where access to essential tools fuels growth and innovation.
According to him, access to digital tools should not be a luxury for Nigerian workers, adding that the programme aims to remove long-standing financial barriers that prevent many from owning devices important for work and learning.
“From mobility to renewable energy, we have witnessed the profound impact that access to credit can have on people’s daily lives,” he said. “Nigerians are ambitious and hardworking; they simply need fair pathways to acquire the tools that move them forward. Digital devices now sit at the centre of learning, earning, and productivity, and expanding access to them is a critical step in building a more digitally ready nation.”
Credlock’s CEO, Dayo Fabayo, also highlighted the importance of the initiative, saying: “Every smartphone represents potential to learn, to work, to access opportunity, and to live with dignity. At Credlock, we believe the device in someone’s hand can be the bridge to their financial future. Working with CREDICORP and E-Finance allows us to scale that vision to millions of Nigerians.”
