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Good News: Tinubu Govt Announces Plan To Give Nigerians Money for Car Purchases [Video]

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Starting a Business
  • The Tinubu administration has expressed readiness to facilitate car ownership for Nigerians, along with other vital products
  • The initiative will help provide accessible financing options in collaboration with financial institutions and automobile manufacturers
  • There is also optimism that the support expected from the government will aid in the growth of made-in-Nigeria cars

Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.

President Bola Ahmed Tinubu has revealed that his administration is working on providing consumer credits for Nigerians to purchase cars.

The initiative will be part of the newly approved consumer credit policy, which set aside about N100 billion to aid workers purchase cars and other vital products.

Tinubu govt offers Nigerians a chance to own a carPhoto credit: LumiNolaSource: Getty Images

Tinubu plans to help Nigerians own a car

Providing details on the plans, Ajuri Ngelale, the presidential spokesman, said …

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