Home » News »  NATIONAL AUTOMOBILE COUNCIL TO LAUNCH SPECIAL FUND FOR NIGERIANS TO ACQUIRE CARS AT LOW COST

 NATIONAL AUTOMOBILE COUNCIL TO LAUNCH SPECIAL FUND FOR NIGERIANS TO ACQUIRE CARS AT LOW COST

 

The Director-General of the National Automotive Design and Development Council, Mr. JELANI ALIYU, has said a fund will be established to be offered to Nigerians at low cost to finance their commercial fleets and cars.

He said the programme is being re-designed to involve more Nigerian banks, noting that with its launch, more Nigerians can afford more new cars and the provision in NAIDP to restrain import of used vehicles will be applied.

ALIYU, who identified some important components of the new National Automotive Industry Development Plan, said the council was working to improve the goals of the policy.

In a paper delivered at the first Kaduna automotive fair and stakeholders’ conference, the DG said that the fund would increase marketing, standard, as well as human capital development and boost local content once on stream.

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