Vice President Osinbajo calls for vehicle purchase credit scheme

Written by on November 10, 2015

VICE President Yemi Osinbajo has called for a comprehensive vehicle credit purchase scheme that will enable Nigerians to afford new vehicles.Speaking after receiving briefing from the National Automotive Design and Development Council, at the State House, Abuja, he said the policy should be detailed and should be made to work for those who cannot afford new vehicles.Image 3

While noting that there is a lot of pressure on foreign exchange as a result of used vehicles importation, the vice president also expressed concern about smuggling of used vehicles and urged the council to work with other agencies, such as the Nigeria Customs, to check the menace.

Vice President Osinbajo said the initiative, under the National Automotive Industry Development Plan (NAIDP), was laudable and had the capacity to grow the automotive industry by reviving vehicle assembly plants in the country.

Earlier, Director-General of the council, Mr Aminu Jalal, said the objective of the policy was to ensure the revival, development and growth of the Nigerian Automotive Industry, using local human and material resources.

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