The Nigerian Consumer Credit Corporation (CREDICORP) has launched its first Compressed Natural Gas (CNG)-powered tricycle initiative in Yola, Adamawa State, as part of its nationwide 10,000-vehicle mobility rollout. The event, held at Mahmud Ribadu Square on Wednesday, 23 September 2026, marked CREDICORP’s expansion into the North-East and underscored its commitment to aligning consumer credit with the Federal Government’s energy transition agenda. The deployment of CNG tricycles aims to provide affordable, eco-friendly transportation options while supporting local manufacturing and economic growth.
CREDICORP’s initiative, part of its S.C.A.L.E. (Securing Consumer Access for Local Enterprises) program, seeks to bridge the gap between consumer purchasing power and Nigerian production. By financing locally assembled CNG three-wheelers, the corporation emphasizes sustainable livelihoods and reduced environmental impact. The rollout in Yola follows previous activations in regions such as the South-South, North-Central, and South-West, with plans to extend to the South-East in the coming months.
The event featured key stakeholders, including CREDICORP’s Managing Director/CEO Uzoma Nwagba, Adamawa State Commissioner of Transport Hon Wunfe Anthony, District Head of Jimeta Alhaji Muhammadu Jauro Baba, and representatives from partner organizations. Subcity Global, as the vendor and aggregator, mobilized beneficiaries, while microfinance banks Letshego and Accion provided credit administration support. DAG Bajaj supplied the CNG three-wheelers, which are locally assembled under the program.
Nwagba highlighted the dual significance of the CNG vehicles, stating, “This initiative represents not only our commitment to reaching every corner of Nigeria but also our belief that the energy transition must be accessible to ordinary people. By financing clean-energy vehicles, we expand economic possibilities for Nigerians while fostering demand for locally produced goods.” The program has already enabled over 301,000 Nigerians to access credit for mobility, digital devices, home improvements, and other productive assets nationwide.
The Yola activation is a pivotal step in CREDICORP’s mission to make consumer credit a tool for economic empowerment. The corporation collaborates with licensed financial institutions, manufacturers, and community partners to deliver its programs. For the Adamawa rollout, DAG Bajaj’s CNG tricycles were selected for their affordability and alignment with sustainability goals. The vehicles are designed to reduce fuel costs for users while supporting Nigeria’s push toward cleaner energy sources.
Public-interest implications of the initiative include addressing transportation challenges in underserved regions and promoting environmental stewardship. The use of CNG, which emits fewer pollutants than traditional fuels, aligns with Nigeria’s climate commitments. Additionally, the program creates employment opportunities for local assemblers and vendors, reinforcing the S.C.A.L.E. initiative’s goal of stimulating domestic industries.
Adamawa State’s involvement in the rollout reflects the state government’s support for innovative solutions to mobility and economic development. Commissioner of Transport Hon Wunfe Anthony emphasized the importance of such initiatives in improving livelihoods, stating, “This project will enhance access to transportation for workers and entrepreneurs, fostering economic activity in the region.” The district head, Alhaji Muhammadu Jauro Baba, praised CREDICORP for its focus on community-driven development.
The CNG tricycle deployment also highlights the role of consumer credit in overcoming financial barriers to asset ownership. By offering installment-based financing, CREDICORP enables low- and middle-income Nigerians to acquire vehicles without upfront costs. This model has been replicated across other sectors, including home improvement and digital technology, to create a broader ecosystem of economic opportunity.
CREDICORP’s nationwide rollout has faced challenges, including logistical coordination and ensuring equitable access. However, the organization maintains that its partnerships with local entities and financial institutions mitigate these risks. The Adamawa activation, for instance, leveraged Subcity Global’s network to reach target beneficiaries efficiently, ensuring the program’s scalability.
Environmental advocates have welcomed the initiative as a step toward reducing Nigeria’s reliance on fossil fuels. Dr. Amina Yusuf, a climate policy expert, noted, “CNG vehicles offer a transitional solution that balances economic needs with environmental responsibility. Programs like CREDICORP’s demonstrate how public-private partnerships can drive sustainable development.” The initiative also aligns with the Federal Government’s National Energy Transition Plan, which prioritizes cleaner energy adoption.
The success of the Yola rollout has sparked discussions about expanding similar programs to other states. Local business leaders in Adamawa have expressed optimism about the potential for increased trade and mobility. “With reliable transportation, small-scale traders and farmers can access markets more easily, boosting the local economy,” said a representative from the Adamawa Chamber of Commerce.
CREDICORP’s approach underscores the intersection of financial inclusion and environmental sustainability. By integrating clean energy solutions into its credit programs, the corporation addresses multiple challenges simultaneously—reducing carbon footprints while empowering individuals through asset ownership. This model has drawn attention from other African nations seeking to replicate Nigeria’s approach.
The initiative also highlights the importance of public-private collaboration in achieving national development goals. CREDICORP’s partnerships with microfinance banks, manufacturers, and local governments exemplify how diverse stakeholders can work together to create impactful solutions. These collaborations are critical for scaling initiatives that require both financial and logistical support.
As CREDICORP continues its nationwide rollout, the Adamawa project serves as a blueprint for future activations. The corporation plans to monitor the program’s impact on employment, emissions, and economic activity, using data to refine its strategies. This iterative approach ensures that the initiative remains responsive to the needs of communities and industries.
The deployment of CNG tricycles in Yola represents a significant milestone in Nigeria’s journey toward sustainable mobility. By combining affordable credit with eco-friendly technology, CREDICORP is not only addressing immediate transportation needs but also laying the groundwork for a more resilient and inclusive economy. The project’s success could inspire similar efforts across the continent, positioning Nigeria as a leader in innovative development solutions.
CREDICORP’s expansion into Adamawa underscores its commitment to reaching underserved regions and fostering economic growth. The corporation’s focus on locally assembled vehicles and clean energy aligns with broader national priorities, reinforcing its role as a key player in Nigeria’s financial and environmental landscape. As the program progresses, its impact on communities and industries will continue to shape the narrative of sustainable development in the country.
The Yola activation highlights the transformative potential of consumer credit when paired with sustainable technologies. By making CNG tricycles accessible to working Nigerians, CREDICORP is not only improving mobility but also contributing to a cleaner, more prosperous future. The initiative’s emphasis on local production and environmental responsibility sets a precedent for similar programs, demonstrating how innovation and inclusivity can drive national progress.