Nigeria made vehicles to ready soon. Nigerians can Buy and Pay in 5 years Installment – Jelany Aliyu

The Director-General of the National Automotive Design and Development Council, NADDC, Jilani Aliyu, has disclosed that plans are underway to make locally-made vehicles readily available for Nigerians to buy and make payments in at least five-year instalments.

Speaking with newsmen at the ongoing GITEX 2019 in Dubai, United Arab Emirates, Mr Aliyu stated that his agency was collaborating with JAIZ, WEMA and Zenith banks with a view to providing single-digit financing for made-in-Nigeria vehicles.

 

 

 

According to him, in about three months’ time, Nigerians will be able to put down 10% and drive off made-in-Nigerian vehicles and pay over five years.

He said: “Instead of continuing to be importing fully-built vehicles from overseas, we are working towards promoting and sustaining the production of vehicles in the country.

 

“This effort will give us brand new vehicles that would be fuel-efficient, very modern and it will create tens of thousands of jobs.

“It will help grow the economy and it will also stop us from being a dumping ground for old and dilapidated vehicles.

“We feel that with this scheme in place, Nigerians can now buy and drive new vehicles. Nigerians deserve more than that,” Mr Aliyu stressed.

On the prices of these vehicles, the D-G said the vehicles are cost-effective, affordable and in tune with the environment.

“Of course, the objective of manufacturing these vehicles locally is to be cost-effective, affordable and very in tune with the environment and elegance. So we are looking at the price much, much lower than what we have today, probably between three and five million Naira,” Mr Aliyu disclosed.

On his efforts towards making Nigeria one of the vehicle-manufacturing countries to reckoned with, Mr Aliyu said: “We as a government body, we encourage the private sector to produce vehicles in Nigeria through the National Automotive Industrial Development Plan, NAIDP.

“NAIDP is a program that has five cardinal elements to help promote local production of vehicles.

“Those elements are investment promotion, which is to work with the private sector and encourage and support them in bringing money into Nigeria to set up their factories.

“Then we also have an infrastructure plan to provide the necessary infrastructure for the industry to set up and be sustained.

“We also deal with standards to make sure that the components that go into the vehicles meet minimum global standards.

“Then we also have training where every year we train thousands of Nigerians on mechatronics so that they understand the new automotive technology and be capable of fixing and maintaining these vehicles professionally.

“We as well deal with market development. First, we promote the production and then work with stakeholders, end-users and the companies to help people to be able to buy these vehicles,” Mr Aliyu noted.

Comments

47 responses to “Nigeria made vehicles to ready soon. Nigerians can Buy and Pay in 5 years Installment – Jelany Aliyu”

  1. Avatar KOLAWOLE Samuel says:

    Good one

  2. Kehinde Ishola Kehinde Ishola says:

    this installment will help alot

  3. Buhari Muhammad Aliyu Buhari Muhammad Aliyu says:

    That good

  4. Realonebolaji Realonebolaji says:

    Very good

  5. Kingsmilly OG Kingsmilly OG says:

    Good one

  6. Avatar Ayomipo OGUNDELE says:

    The installment plan will help

  7. Avatar Mobola says:

    Wonderful

  8. Avatar David Inyang says:

    Interesting one

  9. Avatar Joseph11 says:

    Alright

  10. Oponso Oponso says:

    That will be good

  11. Avatar Ali chigozie Kingsley says:

    Interesting

  12. xpect xpect says:

    Good to know that

  13. Nkemdirim Favour Nkemdirim Favour says:

    Nice update

  14. Avatar Raymond P.C says:

    Nice

  15. Mohammed Muktar Mohammed Muktar says:

    That is good

  16. Avatar Osarumwense Daniel says:

    Noted

  17. Avatar Ademola Isreal says:

    Nice

  18. steplord01 steplord01 says:

    wow cant wait

  19. Gideon Alvin Gideon Alvin says:

    Wow

  20. Avatar SAMUEL DANIEL ITEGHIE says:

    interesting

  21. Avatar Okocha Lisa says:

    good.

  22. Chiedu chidex Chiedu chidex says:

    Let see for eye not for mouth

  23. Chidera Samuel Chidera Samuel says:

    Thanks for the information

  24. Avatar Tega Aroro says:

    Okay

  25. Avatar thankgod johnson says:

    Ok

  26. Confidence Faith Confidence Faith says:

    Noted

  27. Tychen5504 Tychen5504 says:

    Noted

  28. Avatar Etajuwa Godwin Ayorinde says:

    Noted

  29. Avatar Onyinye Okafor says:

    Thanks for the update

  30. saviournico saviournico says:

    this installment will help alot

  31. Oriowo Modupe Oriowo Modupe says:

    Noted

  32. Avatar Stella Tamuno says:

    Okay oh

  33. Avatar Chuezi says:

    that will be great

  34. Avatar Oliwe Emma says:

    I love that… great development

  35. Avatar Omodara Samuel says:

    Good one

  36. Avatar Durojaiye Oluwatobi says:

    Thanks

  37. Avatar Chaaik says:

    It really good news to hear dat cars is been made in our country and untop of dat you can pay in installments, may God bless you guys.

  38. Avatar Elizabeth ojediran says:

    Hmmmmm

  39. Prince Emeka Prince Emeka says:

    Ok

  40. Samuel Solomon Samuel Solomon says:

    Thanks so much for
    the update