The Federal Government has announced plans to launch a Vehicle Finance Scheme that would help Nigerians own new cars.

This is part of the 5-point comprehensive programme of the National Automotive Industry Development Plan (NAIDP) which is aimed at promoting local production of vehicles and their parts.

This disclosure was made by the Director-General of the National Automotive Design and Development Council (NADDC), Mr Jelani Aliyu, during an interview with the News Agency of Nigeria (NAN) on Tuesday in Abuja.

Aliyu explained that under the scheme, individuals with a sustainable source of income would be able to acquire their choice car by depositing just 10% of the total cost and then the balance would be paid in monthly instalments within a stipulated number of years.

What the Director-General of National Automotive Design and Development Council is saying

Aliyu during the interview said, “The NADDC is working on a Vehicle Finance Scheme that will enable Nigerians to easily own and drive these technologically advanced brand new cars. We have reached an advanced stage of discussion with some commercial banks, and as soon as we receive the necessary approvals, we shall deploy the programme.

“We have a worked out proposal in front of our superiors and once they give us that go ahead, we will start the project because we have the money set aside for it. The targeted beneficiaries will be any Nigerian who can prove that they have a sustainable income, whether you work in the civil service, in the private sector or you are doing your own business.

“It will cover all the vehicles produced in Nigeria that have maintenance infrastructure available locally and we hope that the scheme will commence before the end of the second quarter.

Going further, Aliyu said that the council was working with both local and international companies to set up assembly and production plants in Nigeria, with the agency through its Research and Development (R&), presently working on a blueprint of 2 brands of vehicles that would be of value to the Nigerian economy.

He noted that although the prices of brand new cars were considered high, they offered more comfort and were far cheaper to maintain.

The NADDC boss said, “We are not the one that will produce these vehicles, but we will work closely with investors and other stakeholders in the sector to ensure that the necessary support is given to them. We are building a comprehensive ecosystem that allows the production of vehicles in Nigeria and thereby creating jobs for our youths.

“If you buy a new car, you are free from trouble for many years, all you do is to change your engine oil. But when you buy a used vehicle you may have saved initially on the cost, but pretty soon you will be at the mechanic workshop always buying replacement parts.

“The money you did not spend upfront you will spend in the long run, with a lot of stress and unnecessary headache just to keep an old car going.


https://mailchi.mp/nipc.gov.ng/fg-to-introduce-vehicle-finance-scheme-for-nigerians-to-own-new-cars

Highly commendable if it will not be politicized for the party faithfuls

PrinceDz:
Highly commendable if it will not be politicized for the party faithfuls

This isn't the era of the Pan Demic Party...

A scheme that will be left only for APC members

Very good development

Secure them first

Give them food

Stop using police to kill them

GallantDuke:
A scheme that will be left only for APC members

Are Apc members not Nigerians?

Hatred has made some of you people to be reasoning upside down

helinues:


Are Apc members not Nigerians?

Hatred has made some of you people to be reasoning upside down

Then they should have do well to inform us that the scheme will be for party members instead of raising our hopes by saying that it is for the citizens.

GallantDuke:

Then they should have do well to inform us that the scheme will be for party members instead of raising our hopes by saying that it is for the citizens.

The Federal Government has announced plans to launch a Vehicle Finance Scheme that would help Nigerians own new cars

Same way some of you people called the grants given by FG fake/party members as beneficiaries...

Hiss

morgstreme:


This isn't the era of the Pan Demic Party...

Unfortunately it will be politicized. PDP or Apc isn't the problem of Nigeria but Nigerians themselves

New cars to be driven on which roads

Long passing like messi style.

edoairways:

Unfortunately it will be politicized. PDP or Apc isn't the problem of Nigeria but Nigerians themselves

It will NOT!!!!

Same repackaged news

Its you that always sounds unintelligent on this forum. There's different btw partisan and governance. Meanwhile in democratic government the law forbidden partisan and party loyalty when it comes to dividend of democracy.

Now you will see yourself as apc member. Lol who know you? Do you even have card membership. You only good in trolling supporting criminal promoting bokoharam and fulani herdsmen.

helinues:


Are Apc members not Nigerians?

Hatred has made some of you people to be reasoning upside down

GallantDuke:
A scheme that will be left only for APC members

why not join Apc to get one

morgstreme:


It will NOT!!!!

Just watch and see

GallantDuke:
A scheme that will be left only for APC members

Stop wailing!!!! When your Pan Demic Party, let them give to you. Eventually everybody will get it

Aliyu explained that under the scheme, individuals with a sustainable source of income would be able to acquire their choice car by depositing just 10% of the total cost and then the balance would be paid in monthly instalments within a stipulated number of years.

This is the CHANGE we voted for.
As we have chosen to remain positive about th development of our darling nation, we will get there.
This is how things are don in the saner countries we are looking up to.

God bless Nigeria.

helinues:




Same way some of you people called the grants given by FG fake/party members as beneficiaries...

Hiss

Are you a beneficiary of the grant?

edoairways:

Just watch and see

That is your hope...

It can't even happen...

That will be a welcome dev.
Though sane countries are already offering their Citizens this....just hope it's accessible like easy-pay going well for phone gadgets.
In another news if you are a qualified Yoruba,Housa,English Teacher then go apply for the USA FLTA process on their portal.
I'm a text away on facebook for any assistance.

Proactivity Leads To Productivity!!!!

@SeniorWriter