ADVERTISEMENT
TechEconomy
Friday, May 9, 2025
No Result
View All Result
Advertisement
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Podcast

Home » CREDICORP Partners NADDC to Launch N20B Credit Scheme for Nigerians to Buy Locally Made Cars

CREDICORP Partners NADDC to Launch N20B Credit Scheme for Nigerians to Buy Locally Made Cars

These partnerships will ensure that eligible Nigerians can access credit to purchase new vehicles, contributing to the growth of the sector

Joan Aimuengheuwa by Joan Aimuengheuwa
December 5, 2024
in News
0
CREDICORP Partners NADDC to Launch N20B Credit Scheme for Nigerians to Buy Locally Made Cars
CREDICORP Partners NADDC to Launch N20B Credit Scheme

CREDICORP Partners NADDC to Launch N20B Credit Scheme

RelatedPosts

Gov Mbah Commissions NITDA South East Regional Office in Enugu

Gov Mbah Commissions NITDA South East Regional Office in Enugu

May 8, 2025

SPPG Students Help Youths Develop Digital Skills, Financial Literacy

May 8, 2025

The Nigerian Consumer Credit Corporation (CREDICORP) has launched the first phase of its consumer credit fund aimed at enabling Nigerians to purchase locally assembled vehicles, including cars, tricycles, and motorbikes. 

The N20 billion Consume Credit Fund initiative, in collaboration with the National Automotive Design and Development Council (NADDC), seeks to support the growth of Nigeria’s automotive industry.

The programme officially kicked off with the signing of agreements with local automobile manufacturers such as Innoson, Nord, CIG (GAC), PAN, Mikano, Jets, NEV (electric), and DAG. 

These partnerships will ensure that eligible Nigerians can access credit to purchase new vehicles, contributing to the growth of the sector.

This initiative is part of CREDICORP’s project, S.C.A.L.E. (Securing Consumer Access for Local Enterprises), which aims to provide credit facilities to one million Nigerians. 

S.C.A.L.E. is designed to boost the local economy by enabling consumers to access goods and services produced by domestic manufacturers. The automotive sector is just one of the five key areas being targeted under this initiative.

United BANK

In addition to mobility solutions, the S.C.A.L.E. programme is focused on various sectors, including home improvement, where consumers can obtain credit for locally produced furniture and building materials; electronics, promoting digital inclusion through affordable access to smartphones, tablets, and laptops; energy solutions, such as solar panels and generators; and general merchandise, covering sectors like healthcare, food, and apparel.

The recent launch follows a similar initiative, the Credit Access for Light and Mobility (CALM) Fund, introduced by CREDICORP in October. 

This fund focuses on offering consumer credit for compressed natural gas (CNG) conversions and solar home systems, in collaboration with the Ministry of Finance Incorporated and the Presidential Initiative on Compressed Natural Gas (Pi-CNG).

Added to these, CREDICORP has partnered with the National Identity Management Commission (NIMC) to build credit scores for Nigerians, leveraging the National Identification Number (NIN). 

The programme has already attracted participation from 151 financial institutions, including commercial banks, fintech companies, and microfinance banks, with five institutions already signed on.

Loading

United BANK

0Shares

Tags: carsCIG (GAC)Compressed Natural Gas (Pi-CNG)DAGInnosonJetslocally assembled vehiclesMikanomotorbikesNational Automotive Design and Development Council (NADDC)NEV (electric)Nigerian Consumer Credit Corporation (CREDICORP)NordPANS.C.A.L.E.tricycles
Previous Post

Do-Right Initiative Examine Paths to ‘Greater Nigeria’

Next Post

Retailers: Reflections on Building a Successful Black Friday Campaign

Joan Aimuengheuwa

Joan Aimuengheuwa

Joan thrives at helping individuals and businesses scale via storytelling...

Related Posts

Gov Mbah Commissions NITDA South East Regional Office in Enugu
News

Gov Mbah Commissions NITDA South East Regional Office in Enugu

by Peter Oluka
May 8, 2025
0

Governor of Enugu State, Dr Peter Mbah has inaugurated the South East zonal office of the National Information Technology Development...

Read more
SPPG Class of 2025

SPPG Students Help Youths Develop Digital Skills, Financial Literacy

May 8, 2025
Enugu Tech Festival

Enugu Tech Festival: Mbah, Tijani Seek More Southeast Participation in Digital Economy

May 8, 2025
UK Government climate change programme in Nigeria | Propcom+

UK-Aid funded Propcom+ Backs Nigeria’s Agricultural Reforms

May 7, 2025
AfCFTA and NITDA

NITDA DG Tips Technology to Leapfrog AfCFTA

May 6, 2025
TD and Huawei eKit installer workship

TD Africa, Huawei Empower Installers to Drive eKit Deployment Across Africa

May 6, 2025
Next Post
Black Friday and Retailers

Retailers: Reflections on Building a Successful Black Friday Campaign

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Techeconomy Podcast

Techeconomy Podcast
Techeconomy Podcast

Infowave is brought to you by TechEconomy. Every week we will bring new stories from startups and influencers who are shaping and changing the world we live in. We’ll also bring you reports on topics you should know.

Follow us @techeconomyng for more.

CYBERSECURITY ESSENTIALS
byTecheconomy

BUILDING STRONGER NETWORKS AND COMMUNITIES

CYBERSECURITY ESSENTIALS
CYBERSECURITY ESSENTIALS
April 24, 2025
Techeconomy
Digital Marketing Trends and strategies for 2025 and beyond
February 27, 2025
Techeconomy
Major Lesson for Techies in 2024 and Projections for 2025
December 6, 2024
Techeconomy
Major Lessons for Techies in an AI-Driven World | Techeconomy Business Series Highlights
November 26, 2024
Techeconomy
Maximizing Profitability Through Seasonal Sales: Strategies For Success
November 8, 2024
Techeconomy
Techeconomy Business Series
October 15, 2024
Techeconomy
PRIVACY IN THE ERA OF AI: GETTING YOUR BUSINESS READY
May 30, 2024
Techeconomy
Unravel the Secrets of Marketing Everywhere All At Once with Isaac Akanni from Infobip | Infowave Podcast Episode 1
February 9, 2024
Techeconomy
The Role of Ed-tech in Life Long Learning and Continuous Education
October 19, 2023
Techeconomy
Filmmaking and Technology: A chat with Micheal Chineme Ike
June 7, 2023
Techeconomy
Search Results placeholder

WHAT IS TRENDING

https://www.youtube.com/watch?v=g_MCUwS2woc&list=PL6bbK-xx1KbIgX-IzYdqISXq1pUsuA4dz
uba

Follow Us

  • About Us
  • Contact Us
  • Careers
  • Privacy Policy

© 2025 Techeconomy - Designed by Opimedia.

No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS

© 2025 Techeconomy - Designed by Opimedia.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.