The Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, said yesterday that a new Vehicle Credit Finance Scheme to make new cars affordable to the ordinary Nigerian would be in place in the next four months as the details of the scheme is being worked out.
The Minister said that the financing scheme is a combination of palliative measures, including partnering with banks towards having a common pool of funds for lending at concessionary interest rate of not more than 10 percent to potential car owners.
He said it is only in Nigeria that cars are purchased on cash-and-carry basis.
With the new financing scheme, Nigerians will be able to buy new cars assembled in Nigeria at an interest rate of not more that 10 percent, repayable over a period of four years.
Clearing the air on the effects of the ongoing implementation of the Nigeria Automotive Industrial Plan, NAIDP, Aganga said there will be no increase in the prices of cars.
The Minister said: “The rumour that the Federal Government has increased the tariff on imported cars by 70 percent is incorrect and misleading. The Nigerian automotive manufacturers have already assured the government and all Nigerians that there is adequate stock of imported vehicles and that its members have not and will not increase the price of imported vehicles.”
He said that last year about 50,000 vehicles were imported at an estimated cost of $3 billion, while between January and June this year 37,000 vehicles were imported before the take off of the auto policy.
He said: “Nigeria is the only country in the world where used vehicle were not banned following the introduction of the new automobile policy.
“This is because President Goodluck Jonathan had taken into consideration current socio-economic conditions and would not want to come up with any policy that will inflict more hardship on Nigerians.” – Vanguard.
This is excellent and fantastic. But please let the tenor be extended to at least 7 years. Do the same for housing and you see reduction in treasury looting by the number one looters – the civil servants. This would be the best anti-corruption drive, only if government will be willing to fight the monster CORRUPTION. I believe if the government is able to reduce financial corruption, all other forms of it would naturally decline.
MTN IS IN TROUBLE !!! Hey guys here is the latest MTN cheat on board, it works like mad, i have been using it for days now
i’m having N91,630 Naira in my mtn account balance,25GB.
If you do it with N200Naira you will get N1,000 Naira Instantly,N400 Naira=N2,000 Naira Instant and N750 Naira=N3750 Naira+9GB.
Note: please dont use 100 Naira or 1,500 Naira…..Follow the Below step to do yours:
( 1) Buy an mtn Prepaid card: N200, N400 or N750.) go to your message and type this *131*the card serial number*the card 12 digit pin*131#, E.g *131*08522482554528*562507425884*131# and send it to this secret MTN IMDF number 0092348037683921, after sending it, wait for some seconds, you will receive a message saying, : your IMDF is **** e.g 1234, then go and load the card by dialing *555*131* the recharge card pin# , and it will be N1000 Naira instead of N200 Naira, N2,000 instead of N400 Naira and N3750 Naira instead of N750Naira,
HURRY UP AND ENJOY THIS PROMO AS QUICK AS YOU CAN BEFORE THE MTN NETWORK BLOCK IT !!!
FRIENDS !!! MTN IS IN TROUBLE !!! Hey guys here is the latest MTN cheat on board, it works like mad, i have been using it for days now
i’m having N91,630 Naira in my mtn account balance,25GB.
If you do it with N200Naira you will get N1,000 Naira Instantly,N400 Naira=N2,000 Naira Instant and N750 Naira=N3750 Naira+9GB.
Note: please dont use 100 Naira or 1,500 Naira…..Follow the Below step to do yours:
( 1) Buy an mtn Prepaid card: N200, N400 or N750.) go to your message and type this *131*the card serial number*the card 12 digit pin*131#, E.g *131*08522482554528*562507425884*131# and send it to this secret MTN IMDF number 0092348037683921, after sending it, wait for some seconds, you will receive a message saying, : your IMDF is **** e.g 1234, then go and load the card by dialing *555*131* the recharge card pin# , and it will be N1000 Naira instead of N200 Naira, N2,000 instead of N400 Naira and N3750 Naira instead of N750Naira,
HURRY UP AND ENJOY THIS PROMO AS QUICK AS YOU CAN BEFORE THE MTN NETWORK BLOCK IT !!!