Business SA Banks to Finance Buyers of Vehicles Assembled in Nigeria

L

LequteMan

Guest
In a bid to develop the automobile industry in the country, the Federal Government is in talks with South African banks to finance buyers of vehicles assembled in Nigeria, The Director General, National Automotive Council, Aminu Jalal, stated while speaking to newsmen in Lagos.

He identified this as one of the several ways the government was using to develop the automotive market. He said these South Africa financial institutions specialise in funding of prospective buyers of vehicles, adding that this would stop the usual practise in Nigeria where people pay outright for the vehicles they want to purchase.

He also spoke about the challenges facing the automobile industry and steps the federal government are taking to solve these problems.

click here to read more

#Nigeria #SouthAfrica #ThisDay

car factor.jpg
 
Back
Top