The Nigerian Consumer Credit Corporation (CrediCorp) has launched a national digital device credit programme to make smartphones, laptops, and other essential digital tools more affordable for working citizens.
In a statement on Tuesday, the corporation noted that the initiative would help over 15,000 Nigerians access digital devices.
CrediCorp said its support for Nigerians in accessing essential assets, such as mobility solutions and renewable energy, has improved lives — driving progress and productivity across the country.
“In a world where so much of life has moved online, digital devices have become central to opportunity,” the statement reads.
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“A smartphone can connect a young graduate to job portals and remote work; a laptop can help a civil servant stay more productive; a simple digital tool can enable a trader, artisan, or small business owner to reach new customers and run their operations efficiently.
“These devices are no longer luxury items; they are everyday instruments of progress.”
According to CrediCorp, the proposed digital device credit service intends to build on a successful pilot phase that enabled over 1,000 Nigerians to access smartphones through affordable credit, with e-finance company and Credlock providing tech support.
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“The strong repayment performance and the speed of adoption demonstrated both the appetite and the national need for this kind of support,” the statement further reads.
“With this new phase, CrediCorp is poised to scale the program significantly, targeting over 15,000 Nigerians who will be able to access smartphones or laptops that directly enhance their productivity, income potential, and digital participation.
“To deliver this initiative at scale, CrediCorp is working through one of its participating financial institutions, E-Finance Company, with technology support from Credlock, whose 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.”
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The corporation said Nigerians interested in financing their digital devices can begin the process by participating in CrediCorp PFIs via www.credicorp.ng/apply.
Uzoma Nwagba, CrediCorp’s managing director (MD), said the initiative is a natural progression of the corporation’s work.
Nwagba said digital devices now sit at the centre of learning, earning, and productivity, noting that expanding access to them is a critical step in building a more digitally ready nation.
On his part, Dayo Fabayo, Credlock’s CEO, said everyday devices like smartphones can unlock progress, providing pathways to learning, working, accessing opportunities, and living with dignity.
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