By Moses Nosike

A credit providing firm, CREDICORP has launched a national digital device credit programme to provide businesses easy access of operation. The new device would empower business owners to learn, earn, and participate fully with technology that promotes the economy.

These essential digital tools would include the use of smartphones, laptops, etc. at affordable prices for working Nigerians. In a world where so much of life is moved online, digital devices have become central to opportunity. A smartphone can connect a young graduate to job portals and remote work; a laptop can help a civil servant stay more productive, enable traders, artisans, or small business owners to reach new customers and run their operations efficiently.

In partnership with Credlock, the first phase of this programme enabled more than 1,000 Nigerians to access smartphones through affordable credit, many for the first time. The strong repayment performance and the speed of adoption demonstrated the need for this kind of support.

With this new phase, CREDICORP is poised to scale the programme with more than 15,000 Nigerians who will be able to access smartphones or laptops that directly enhance their productivity, income potential, and digital participation.

According to the Managing Director, CREDICORP, Uzoma Nwagba, “To deliver this initiative at scale, the company is working through one of its participating financial institutions, e-finance company, with the support of Credlock, which intelligent device-collateral system allows for secure, responsible, and efficient access to credit. Together, E-Finance and Credlock will ensure that Nigerians can seamlessly apply for finance, and collect the digital devices they need, without the heavy burden of upfront payments. Nwagba said that this is a natural progression of CREDICORP’s work.

“From mobility to renewable energy, we have witnessed the profound impact that access to credit can have on people’s daily lives. Nigerians are ambitious and hardworking; they simply need fair pathways to acquire the tools that move them forward. Digital devices now sit at the center of learning, earning, and productivity, and expanding access to them is a critical step in building a more digitally ready nation.” In addition, CEO, Credlock, Dayo Fabayo emphasized the power of turning everyday devices into pathways for progress. “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.”

This initiative is part of CREDICORP’s broader mission to expand consumer credit and improve the quality of life across the country. By widening access to digital tools, CREDICORP is supporting a more connected, productive, and future-ready Nigeria, one where every citizen can thrive.