Create Account

Register

.

DiscoverCars WW

Osinbajo Wants Vehicle Purchase Credit Scheme

Osinbajo Wants Vehicle Purchase Credit Scheme

Vice President Yemi Osinbajo has urged the National Automotive Design and Development Council to fashion out a comprehensive vehicle credit purchase scheme that would enable Nigerians afford new vehicles.

Stressing that the policy should be detailed, he said the Council bill, which had been taking time, should be made to work for those who could not afford new vehicles.

The Vice President spoke yesterday at a briefing by the Council at the Presidential Villa, Abuja.

Osinbajo, in a statement by his Senior Special Assistant on Media and Publicity, Laolu Akande, said he was concerned about the strategy for raising funds and the pressure which the importation of used vehicles had on the foreign exchange.

He said the Council’s plan to develop the automotive industry through bring back vehicle assembly operations, under the National Automotive Industry Development Plan (NAIDP), was laudable and had the capacity to grow the automotive industry.

Osinbajo said there might be need for a high tariff on used vehicles, although he expressed concern about the effect it might have on Nigerians who could not afford new cars and on transportation in general.

He also expressed concern about the spate of smuggling of used vehicles, which had impacted negatively on the economy.

The Vice President enjoined the Council to work with other agencies, such as the Nigeria Customs and a soft-ware that could check the menace.

He told the Council to put up a strong case for the credit purchase policy, the timing of the policy and the cushion effect it might have on those who could not afford new vehicles, while promising to take up the case with the Central Bank of Nigeria.

The Director-General of the National Automotive Design and Development Council, Aminu Jalal, said the objective of the policy “is to ensure the revival, development and growth of the Nigerian automotive industry, using local human and material resources”.

Source: The Nation Nigeria

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Facebook Comments

Contact Us

  • Consumer Care Whatsapp +2348027168883
  • Car.com.ng Since 2010

Partnership Arrangement

Sell your car today at car.com.ng is easy-to-understand, flexible policies and SD Advisors to help sellers at each step, anyone from a manufacturer representative to re-sellers can sell on the N0.1 Nigeria Pioneer brand car.com.ng. Begin by filling a simple registration form here.

You can start selling your car to the entire country of 180 million populations by sitting at your home or office. Doesn’t it sound thrilling? Of course, it is and the excitement will build up with every order you receive! Start selling at Car.com.ng today and see a green ROI .  Start 

Sponsored Advert and Press Release

Sponsored : Share your Advert and press release with our readers. It will appear on top of this Home Page in news section. Readers are also able to get Press Release in our catalog, Facebook and twitter. We publish Press release only after the payment has been received and an editor will examined the text.

Learn More

Terms

car.com.ng/ is the point of reference for all those dealers who want to overcome the old marketing strategies and become market leaders, taking advantage of the opportunities that only digital can offer.

We are able to provide you with all the necessary tools to face the new digital customer going forward,

Copyright © 2020. © Since 2010 Car.com.ng ||

Developed by ThemeMakers

error: Content is protected !!