FG opens N1m device loan scheme: CREDICORP launches C.L.I.C.K.D. for laptops, phones, tablets

The Nigerian Consumer Credit Corporation (CREDICORP) has opened applications for its C.L.I.C.K.D. initiative, giving Nigerians access to digital devices through consumer credit. The scheme covers laptops, smartphones, tablets and connectivity tools, with repayments spread over time rather than paid upfront.

Students, salary earners, freelancers, NYSC members and job seekers across all 36 states and the FCT are eligible to apply.

What is C.L.I.C.K.D.?

C.L.I.C.K.D. stands for Credit for Laptops, Internet, Connectivity & Knowledge Devices. It is CREDICORP's flagship digital device financing programme. The initiative is designed to make laptops, smartphones, tablets and other productivity tools more affordable through structured repayment plans.

According to CREDICORP, the initiative aims to bridge Nigeria's digital opportunity gap by enabling more people to access devices needed for education, work and business.

Who can apply and what devices are covered?

The expression of interest form is open to Nigerians across all 36 states and the Federal Capital Territory. Applicants must indicate their employment status. Eligible categories include salary earners, freelancers and self-employed persons, business owners, students, job seekers, and NYSC members.

Applicants may also provide details of their monthly income. Successful applicants can access credit to purchase laptops, smartphones, tablets, connectivity devices, and digital learning equipment.

The scheme is designed to finance devices that improve productivity, learning and access to digital opportunities. Applicants must state why they need the device. Eligible purposes include learning and professional certifications, remote work, freelancing, business growth, school activities, software development, content creation, and other productivity purposes.

Interest rate and repayment terms not yet disclosed

CREDICORP's expression of interest portal does not disclose any interest rate, repayment tenure or financing charges. Instead, the corporation says eligible applicants will be contacted after their applications are assessed. The final financing terms are expected to depend on participating lenders and individual eligibility.

To apply, Nigerians are expected to provide their state of residence, employment status, preferred device, purpose for requesting the device, and monthly income (optional). Applicants must also indicate participation in digital talent programmes such as 3MTT, ALX, AltSchool Africa, Learn2Earn and others. They must consent to CREDICORP and its partners using their information to assess eligibility.

CREDICORP said beneficiaries will be able to spread payments over time instead of making a single upfront payment. The corporation added that successful repayments under the programme will help users build stronger credit profiles while expanding access to future consumer credit.

Partnership with 3MTT programme

The first national pilot of the programme is being implemented in partnership with the Federal Government's 3 Million Technical Talent (3MTT) programme under the Federal Ministry of Communications, Innovation and Digital Economy. The partnership will enable eligible 3MTT participants to obtain laptops and other work-ready devices on credit to support digital skills development and employment.

Earlier, CREDICORP also introduced the YouthCred initiative to expand access to affordable credit for young Nigerians. Under that programme, eligible youths can apply for loans of up to N5 million to finance education, business activities, and other productive needs.

For Nigerian consumers, this scheme could reduce the upfront cost barrier to owning productivity devices, potentially supporting remote work and digital skills development. However, the lack of disclosed interest rates and repayment terms means applicants will need to review offers carefully before committing.