The deployment in Yola is part of CrediCorp’s nationwide initiative to make locally assembled vehicles more accessible to Nigerians through structured consumer credit. The programme is designed to enable beneficiaries to acquire productive assets and repay the cost over time, while also supporting demand for vehicles assembled within the country.
Speaking during the activation in Yola, CrediCorp Managing Director, Uzoma Nwagba, said the introduction of CNG-powered vehicles in the state reflected the corporation’s efforts to combine cleaner-energy adoption with wider access to financing.
“The CNG vehicles being deployed today carry a dual significance. They represent both our commitment to reaching Nigerians in every part of the country and our belief that the energy transition must be financed in a way that works for ordinary people,” Nwagba said.
He said access to financing could allow Nigerians to adopt cleaner-energy vehicles while simultaneously supporting economic activity and strengthening the domestic automotive value chain.
“When a Nigerian can acquire a clean-energy vehicle today and pay responsibly over time, we have not only financed an asset — we have expanded that person’s economic possibilities while building demand for something produced here in Nigeria.”
Nwagba said the Adamawa deployment formed part of CrediCorp’s broader plan to deploy 10,000 credit-backed, locally assembled vehicles across different parts of the country.
According to him, the programme is intended not only to increase access to mobility assets but also to extend consumer credit to Nigerians who can use such assets for income-generating activities.
“What Nigerians are seeing in Yola today is one stop in a much bigger journey. We are taking consumer credit across every region of this country and putting productive assets into the hands of hardworking people who can use them to earn, grow, and live better now,” he said.
CrediCorp said the expansion into Adamawa represents another stage in its efforts to broaden access to consumer financing across sectors and geographical regions.
The corporation said more than 301,000 Nigerians have so far accessed its consumer credit programmes. The schemes cover areas including mobility, digital devices, home improvement, life essentials and other productive assets.
The Adamawa deployment also involves several private-sector partners. According to CrediCorp, Subcity Global served as the vendor and aggregator partner for the exercise, while Letshego Microfinance Bank and Accion Microfinance Bank provided credit administration support.
“Subcity Global served as the vendor and aggregator partner for the deployment, while Letshego Microfinance Bank and Accion Microfinance Bank provided credit administration support,” the corporation said.
“DAG Bajaj supplied the locally assembled CNG-powered tricycles.”
The use of locally assembled vehicles is a key component of the programme, as CrediCorp seeks to connect consumer financing with domestic vehicle production and demand.
The corporation said Adamawa was the latest destination in its nationwide mobility programme, following earlier deployments in parts of the South-South, North-Central and South-West regions.
CrediCorp said the programme would continue its expansion in the North-East, with Borno State identified as the next destination before the rollout moves to the South-East.
The Adamawa activation therefore represents both a geographical expansion of CrediCorp’s consumer-credit programme and a new phase in its efforts to finance cleaner-energy mobility options through locally assembled vehicles.