The Nigerian Consumer Credit Corporation (CREDICORP) has taken another step in its wave of programmes, expanding consumer credit beyond auto financing to clean energy solutions (solar home systems to households). Today’s kickoff event in partnership with the Ministry of Women Affairs featured over 200 women nationwide who just received solar home systems backed by CREDICORP’s C.A.L.M. Fund (Credit Access for Light and Mobility). It also signals 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 handover event was attended by some of the beneficiaries based in the FCT—market women, teachers, caregivers, and community leaders—who had received solar systems at no upfront cost. Each participant accessed a structured consumer loan with 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.
For the women nationwide, the impact is immediate and far-reaching. “This solar kit changed everything for me,” said Amira Musa, a petty trader and mother of four from Karu. “I don’t buy kerosene anymore, and I now make more money charging phones in our area. I’m paying small, small, it’s empowerment every day, and I thank Mr. President.”
CREDICORP’s Managing Director, Engr. 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 micro machinery. This is what consumer credit should do: unlock real, everyday possibilities to live better now.”
Mrs. Imaan Sulaiman-Ibrahim, the Honourable Minister of Women Affairs, 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 see today with CREDICORP and Spark Concepts is the kind of collaboration that brings that vision to life, one community at a time.”
This deployment is national, and this event in Abuja is symbolic and only the beginning. We will continue to scale the programme nationwide to reach thousands more Nigerians across rural and urban communities. Backed by CREDICORP, the data and access support of the Ministry of Women Affairs, and powered by credible partners, the clean energy credit solution will continue expanding in the weeks and months ahead!
Affordable solar power is now within reach for homes, shops, or small businesses, made possible through structured consumer credit. Interested beneficiaries can now begin to indicate interest at www.credicorp.ng/calm or through liaison offices of the Federal Ministry of Women Affairs in all 774 LGAs.