The Nigerian Consumer Credit Corporation (CREDICORP) has taken another step in its people-centric programmes, expanding consumer credit beyond auto financing to clean energy solutions, tagging solar home systems to households.
It has kicked off the exercise in partnership with the Ministry of Women Affairs, with over 200 women nationwide receiving solar home systems backed by CREDICORP’s Credit Access for Light and Mobility (CALM) Fund, it stated.
According to a statement, the event signalled the start of a broader national wave – PowerHer 774 – a ministry-led effort to reach three million women across Nigeria’s 774 LGAs with clean energy solutions and economic tools.
This credit-enabled initiative gives women not just light for their households, but the ability to earn, save, and build a credit history, the statement said.
The handover event was attended by some of the beneficiaries based in the FCT – market women, teachers, caregivers and community leaders. They received solar systems at no upfront cost with structured consumer loans of repayment periods between 6 to 18 months.
The solar products, supplied and installed by Spark Concepts with local fabrication, range from lighting and charging units to more advanced packages that support fans, appliances and other productive-use tools.
“This solar kit changed everything for me. I do not buy kerosene anymore, and I now make more money charging phones in our area. I am paying in bits, it is empowerment every day, and I thank the President,” said a petty trader and mother of four from Karu, Amira Musa, said.
CREDICORP’s Managing Director, Uzoma Nwagba, described the initiative as a continuation of the Corporation’s mission to use consumer credit as a catalyst for dignity and development.
“Beyond general credit for over 35,000 civil servants and Nigerian workers, we moved to enable targeted life-enhancing products. We began with mobility—thousands of Nigerians now accessing vehicles they pay for over time. Now, we are bringing energy supply to women who need it to grow their homes and businesses. And the wave continues: to digital devices, home improvement, and micromachinery. This is what consumer credit should do: unlock real, everyday possibilities to live better now,” he said.
The Minister of Women Affairs, Imaan Sulaiman-Ibrahim, applauded the effort, highlighting its strategic alignment with the ministry’s long-term goals.
“PowerHer 774 is our flagship framework for reaching women at scale—with tools, financing, and empowerment opportunities that truly change lives. What we are seeing today with CREDICORP and Spark Concepts is the kind of collaboration that brings that vision to life, one community at a time,” she said.
