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LequteMan
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Nigeria - The vehicle finance scheme that will enable Nigerians to purchase brand new cars assembled in the country will commence at the end of April, Director-General, National Automotive Council, Mr. Aminu Jalal has revealed.
He according to PUNCH said the implementation of the second phase of the 35 per cent levy collection on imported used vehicles was being postponed repeatedly because the financing scheme for purchasing locally assembled vehicles had yet to commence.
“The delay is to ensure that the financing scheme is properly in place and that the plants fully commence operations. The financing scheme should have taken off earlier but due to the Ebola incident and most recently, the elections; it has yet to do so. Hopefully, we will be able to start with the test run at the end of April,” he said.
WesBank, a division of FirstRand Bank of South Africa, had offered a vehicle finance scheme to retail and corporate purchasers of the nation’s locally assembled vehicles.
#Nigeria
He according to PUNCH said the implementation of the second phase of the 35 per cent levy collection on imported used vehicles was being postponed repeatedly because the financing scheme for purchasing locally assembled vehicles had yet to commence.
“The delay is to ensure that the financing scheme is properly in place and that the plants fully commence operations. The financing scheme should have taken off earlier but due to the Ebola incident and most recently, the elections; it has yet to do so. Hopefully, we will be able to start with the test run at the end of April,” he said.
WesBank, a division of FirstRand Bank of South Africa, had offered a vehicle finance scheme to retail and corporate purchasers of the nation’s locally assembled vehicles.
#Nigeria
