FG slashes interest rate on loans automotive industry – Daily Trust

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FG slashes interest rate on loans automotive industry

The Federal Government has through the National Automotive Design and Development Council , rolled out a stimulus package for the local automotive industry to cushion the effect of the COVID-19 pandemic on the auto industry.

 

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FG slashes interest rate on NADDC loans to auto industry – Daily TrustTo cushion the effect of the COVID-19 pandemic on the auto industry, the Federal Government through the National Automotive Design and Development Council (NADDC) has rolled out a stimulus package for the local automotive industry. Director-General of NADDC, Jelani Aliyu, said the Council had secured approval from the Bank of Industry (BOI) on reducing the …
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