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LequteMan
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the National Automotive Council (NAC) of Nigeria recently signed a memorandum of Understanding (MoU) with WesBank of South Africa to offer finance to retail and corporate purchasers of vehicles in Nigeria, This Day reports.
Excerpt:
The MoU was signed in Johannesburg, South Africa, this week, by the Director General, National Automotive Council (NAC), Mr. Aminu Jalal, who headed NAC Management team comprising Mr. Luqman Mamudu (Director Policy and Planning) and Mr. Waheed Odetoro (Director Industrial Infrastructure). Chief Executive Officer of WesBank, Mr. Chris De Kork signed on behalf of his company in the presence of other WesBank management team.
Jalal said the Nigerian government recently approved the National Automotive Industry Development Plan (NAIDP) to attract investments from vehicle manufacturers globally and grow the supply of locally-manufactured vehicles.
He explained that the agreement would allow WesBank to work closely with NAC to develop vehicle financing solutions specifically for those vehicles built in Nigeria with the aim of making them readily affordable for the average Nigerian car user.
click here to read more
#Nigeria #Johannesburg #WesBank #ThisDay
Excerpt:
The MoU was signed in Johannesburg, South Africa, this week, by the Director General, National Automotive Council (NAC), Mr. Aminu Jalal, who headed NAC Management team comprising Mr. Luqman Mamudu (Director Policy and Planning) and Mr. Waheed Odetoro (Director Industrial Infrastructure). Chief Executive Officer of WesBank, Mr. Chris De Kork signed on behalf of his company in the presence of other WesBank management team.
Jalal said the Nigerian government recently approved the National Automotive Industry Development Plan (NAIDP) to attract investments from vehicle manufacturers globally and grow the supply of locally-manufactured vehicles.
He explained that the agreement would allow WesBank to work closely with NAC to develop vehicle financing solutions specifically for those vehicles built in Nigeria with the aim of making them readily affordable for the average Nigerian car user.
click here to read more
#Nigeria #Johannesburg #WesBank #ThisDay
