Lagos - Nigerians will from November 2014 be able to purchase brand new cars assembled in the country without having to pay in full, reports The Guardian.
This is because federal government as concluded plans with the nation’s financial institutions in raising the fund at an interest rate not more that 10 per cent, repayable over a period of four years.
Olusegun Aganga, Minister of Industry, Trade and Investment, said the scheme, which will be launched in October, was to promote the patronage of locally made vehicles.
He assured that there would be enough funds for the scheme.
Read more at The Guardian.
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