Nigerian Consumer Credit Corporation (CrediCorp) has launched a N20 billion consumer credit fund to enable Nigerians to purchase locally assembled vehicles.
Gatekeepers News reports that CrediCorp in a post on X on Thirsday, revealed that the project was carried out in collaboration with National Automotive Design and Development Council (NADDC).
The coperation said the initiative was launched during a signing event that brought together Nigeria’s leading automobile manufacturers, including Innoson, Nord, CIG (GAC), PAN, Mikano, Jets, NEV (electric), and DAG.
The post reads, “The Nigerian Consumer Credit Corporation (CREDICORP) and the National Automotive Design and Development Council (NADDC) have kicked off the first phase of a consumer credit fund enabling Nigerians to purchase locally-assembled automobiles.”
“This takes place at the signing event featuring Nigeria’s leading local automobile manufacturers including; Innoson, Nord, CIG (GAC), PAN, Mikano, Jets, NEV (electric), DAG.”
“The targeted initiative empowers Nigerians with credit to own new automobiles (cars, tricycles, motorbikes) while growing Nigeria’s automotive industry.”
According to CrediCorp; the automotive industry is one of the five key focus areas under its project S.C.A.L.E (securing consumer access for local enterprises).
