The Federal Government has announced that it would be launching a Vehicle Finance Scheme that would help Nigerians own cars.
This move is one of the 5-point comprehensive programs of the National Automotive Industry Development Plan (NAIDP), intended to promote local productions of vehicles and their parts.
Director-General of the National Automotive Design and Development Council (NADDC), Mr. Jelani Aliyu, said this during an interview with newsmen in Abuja.
Aliyu explained that under the scheme, individuals with a sustainable income source would be able to acquire any car of their choice by depositing a minimum of 10% of the total cost of the car and then paying up the remaining balance in monthly installment within an agreed number of years.
Jelani, during the interview, revealed;
“The NADDC is working on a Vehicle Finance Scheme that will enable Nigerians to own and drive these technologically advanced brand new cars quickly. We have reached an advanced stage of discussion with some commercial banks, and as soon as we receive the necessary approvals, we shall deploy the program.
“We have a worked-out proposal in front of our superiors, and once they give us that go ahead, we will start the project because we have the money set aside for it. The targeted beneficiaries will be any Nigerian who can prove that they have a sustainable income, whether you work in the civil service, in the private sector, or doing your own business.
“It will cover all the vehicles produced in Nigeria that have maintenance infrastructure available locally, and we hope that the scheme will commence before the end of the second quarter.
Speaking further, Aliyu confirmed that the council would establish production plants in Nigeria with the agency through its Research and Development (R&D). He also said the commission is working on a blueprint of two car brands that they believe would be of great value to Nigerians.
The NADDC boss said, “We are not the one that will produce these vehicles, but we will work closely with investors and other stakeholders in the sector to ensure that the necessary support is given to them. We are building a comprehensive ecosystem that allows the production of vehicles in Nigeria, thereby creating jobs for our youths.
“If you buy a new car, you are free from trouble for many years; all you do is to change your engine oil. But when you buy a used vehicle, you may have saved initially on the cost, but pretty soon, you will be at the mechanic workshop always purchase replacement parts.
“The money you did not spend upfront you will pay in the long run, with a lot of stress and unnecessary headache to keep an old car going.
The National Association of Traditional and Complementary Medicine of Nigeria has asked the Federal Government to support its members with COVID-19 packages to help them tackle the pandemic.
Alhaji Ibrahim Nakowa, National President of the Association, made this known during a news conference in Abuja.
He boasts that the association can completely wipe out the novel virus if giving the opportunity.
Nakowa revealed that members of the association had made medicines that are prepared to treat COVID-19, which he confirmed are now with the Federal Ministry of Health, going through scientific tests.
The president of the association claimed that the only thing needed is equipment and the Federal government's approval to dish out her medications, which he argues are in global demand.
Vice President of the Federal Republic of Nigeria, Prof. Yemi Osinbajo, urges Nigerians to shun anything that attempts to divide the nation, declaring that Nigeria is better as one.
Osinbajo made this known during his All Progressive Congress, APC revalidation process in Ikenne ward one in Ogu state said, “We must resist any attempt to destroy the unity of this country, our people have lived and worked together for decades, even centuries.”
He added: “While we must attend to the cries of communities, and the cries of our people for justice, equity and fairness, we can do so within this same union. Ultimately we are stronger together than apart.”
In a written statement...
The National Transportation Safety Board investigation has alleged that NBA legend's death, Kobe Bryant alongside eight others on board, was due to the pilot's Ara Zobayan disorientation, making him lost control.
The federal investigation made this statement on Tuesday, stating that the Jan. 26, 2020 crash was solely due to Ara' decision to fly despite visual flight rules in cloudy conditions, resulting in his spatial disorientation and loss of control of the aircraft.
Zobayan's possible self-induced pressure to get the NBA legend to his destination and the incomplete review of the safety management procedures by helicopter operator Island Express also added to the crash.
NTSB explained that Ara's ''poor decision'' to fly at...