The Federal Government, through the Nigerian Consumer Credit Corporation (CREDICORP), has rolled out expansion of the Queen Rider programme—an ambitious nationwide initiative empowering 3,700 Nigerian women (at least 100 per state and the FCT) to become tricycle owners and operators through access to credit-backed vehicle purchases.
This initiative is under CREDICORP’s S.C.A.L.E. program (Securing Consumer Access for Local Enterprises) which links everyday consumers to Nigeria’s manufacturing backbone.
In this case, CREDICORP with Gamma mobility is channeling credit-backed women toward purchase of locally assembled tricycles from Simba TVS, which produces 1,170 tricycles and motorbikes daily in Nigeria.
But this is more than just mobility. It is a strategy for economic inclusion, putting working tools in the hands of women who are too often locked out of high-opportunity sectors like urban transportation.
With partner financial institutions such as Accion Microfinance Bank, CREDICORP is scaling access to productive assets that improve household incomes, stimulate local manufacturing, and unlock the economic power of Nigerian women.
“These tricycles are not just vehicles,” said Uzoma Nwagba, Managing Director of CREDICORP. “They represent ownership, autonomy, and agency for women—delivered through structured, affordable credit and made in Nigeria. We are striving for household dignity and industrial growth at the same time.”
By driving up demand for domestically assembled vehicles, the program supports Nigeria’s broader industrial policy goals, ensuring that every loan taken strengthens a local factory and feeds a local family.
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The Queen Rider initiative is part of CREDICORP’s wider effort to enable half of Nigeria’s working population by 2030 with consumer credit tools that directly enhance quality of life—whether through vehicle ownership, clean energy adoption, or youth enterprise.
Other programmes like YouthCRED (for young people and NYSC members) and C.A.L.M (for solar and CNG access) reflect this same philosophy. CREDICORP works closely with financial institutions and the CBN.
Mr. Nwagba, further said that the initiative is part of President Bola Tinubu’s mandate that everybody should have access to better living through responsible businesses.
“The President is a man who has been very passionate about consumer credit for many decades, and it is his idea that people should be able to have access to goods and services that better their lives and pay for it over time.
“The same with non-civil servants, salary workers, entrepreneurs and artisans should be able to have good life,” Nwagba added.
The Co-Founder of Gamma mobility, Sam Esiri, said it was poised to ignite dignity, purpose and prosperity for thousands of Nigerian women.
Esiri averred that Queen Riders program was not just a product launch but a resolute proclamation that Nigerian women deserves unhindered access to the tools of economic empowerment.
He commended the efforts of CREDICORP and other partners in the scheme.
One of the beneficiaries, Mrs. Elizabeth John, praised CREDICORP and their partners for putting smiles on their faces.
She assured that they would make good use of the opportunity given to them to change their stories.