CREDICORP/NADDC Kick Off Initial ₦20B Consumer Credit Fund For Purchase Of Locally-Assembled Vehicles

Consumer Credit : CREDICORP/NADDC kick off initial ₦20B Consumer Credit Fund for purchase of locally-assembled vehicles.

Initiative will not only enable Nigerians to purchase locally-assembled vehicles but also grow Nigeria’s automotive industry.

Innoson, NORD, CIG MOTORS (GAC), PAN, MIKANO, Jets, NEV (electric) and DAG were in attendance at the signing event.

Nigerians interested in buying a locally-assembled vehicles urged to visit participating auto assembler to access consumer credit.

The Nigerian Consumer Credit Corporation (CREDICORP) in partnership with the National Automotive Design and Development Council (NADDC) has launched the first phase of the ₦20 billion consumer credit fund.

According to a statement by the NADDC, this targeted initiative will enable Nigerians to purchase locally-assembled cars, tricycles and motorbikes, while growing Nigeria’s automotive industry.

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Nigeria’s leading local automobile manufacturers, including Innoson, NORD, CIG MOTORS (GAC), PAN, MIKANO, Jets, NEV (electric) and DAG were in attendance at the signing event on Thursday December 5th.

NADDC urged Nigerians that are interested in buying a locally-assembled vehicle to visit any participating local automobile assembler to access consumer credit.

How to Access :

“Interested buyers of the listed brands can seek consumer credit directly at the sales point of any participating local automobile assemblers.

“At these locations, customers will receive assistance with the application process, including the necessary documentation for credit assessment and approval.”

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