Aliyu made this disclosure to the media in Abuja he said, giving access to vehicle financing was an important step forwards supporting the capacity of local manufacturers.Jelani explained that, “in other nations when you want to buy a vehicle, you go, you put down 10% to 15%, you drive off with the vehicle and you pay for it for a number of years at just 6% interest rate, but that is non existence in Nigeria “.
“We have funding , we are going to be working with this, we are talking with three banks, we will soon be rolling out what we call the Automotive Vehicle Finance Scheme”. ” We really think this will improve local capacity for production of vehicles in the country and these finances where for only made in Nigeria vehicles ” he noted.He said that the country was spending over $8 billion on importation of vehicles and other automotive related products. “That is $8 billion that simply goes out of our economy to purchase 300-400 vehicles per year.
vanguardngr For civil servants.
vanguardngr are u sure? I want buy car o
vanguardngr We no go see update again