The Nigerian Consumer Credit Corporation (CREDICORP) has deployed 120 compressed natural gas (CNG)-powered tricycles in Adamawa State as part of its nationwide programme to finance locally assembled vehicles through consumer credit.
The rollout took place on Wednesday, September 23, 2026, at Mahmud Ribadu Square in Yola and marked CREDICORP’s first deployment of CNG-powered three-wheelers and its entry into Nigeria’s North-East region.
The Adamawa rollout is part of CREDICORP’s 10,000-vehicle national mobility programme, which is designed to make productive assets accessible to Nigerians through structured consumer credit. CREDICORP said the vehicles are being deployed through licensed financial institutions, manufacturers and vendors.
Speaking at the Yola activation, CREDICORP’s Executive Director of Operations, Olanike Kolawole, said the 120 CNG vehicles were being introduced to support cleaner energy adoption while helping beneficiaries reduce operating costs.
Kolawole said the initiative connects consumers with productive assets through licensed financial institutions and vendors, with beneficiaries expected to repay the cost of the vehicles in instalments rather than paying the full purchase price upfront.
CREDICORP said Subcity Global served as the vendor and aggregator partner for the Adamawa rollout, while Letshego Microfinance Bank and Accion Microfinance Bank provided credit administration support. DAG Bajaj supplied the locally assembled CNG-powered tricycles.
The Managing Director of Subcity Global Consult, Imam Umar Tolihat, said the programme was intended to provide young Nigerians with access to productive assets that could help them generate income and build sustainable livelihoods.
He urged beneficiaries to use the tricycles responsibly and meet their repayment obligations as scheduled.
Representing Adamawa State Governor Ahmadu Umaru Fintiri at the event, Commissioner for Transportation Wunfe Anthony said the intervention would support sustainable transportation and create economic opportunities for commercial transport operators.
Anthony also urged beneficiaries to properly maintain the vehicles, use them productively and repay their loans, stressing that the tricycles were economic assets rather than gifts.
CREDICORP said the Adamawa deployment follows earlier mobility rollouts in parts of the South-South, North-Central and South-West. The corporation said Borno State is expected to be the next destination before the programme moves to the South-East.
The corporation’s broader S.C.A.L.E. initiative, Securing Consumer Access for Local Enterprises, is designed to use consumer credit to drive demand for locally produced goods and services, including CNG and electric vehicles.
