Symposium to Explore Vehicle Financing in Nigeria

The Lagos Chamber of Commerce and Industry (LCCI) is organizing a symposium on September 17, 2026, to discuss vehicle financing as a means to enhance access to affordable mobility in Nigeria. The event, themed “From Subsidy to Credit: Can Vehicle Financing Replace Fuel Subsidy as Nigeria’s Mobility Equalizer?”, will address the rising costs associated with vehicle ownership and transportation.

Key topics include access to affordable credit, fleet renewal, automotive lending, and the role of financial institutions. Dr Femi Eghuaikhide, Chairman of the LCCI Auto Sectoral and Allied Group and Deputy Managing Director of R.T.

Briscoe Nigeria Plc, emphasized the need for a shift from fuel cost reduction to creating sustainable mobility systems. Austin Akpovili, Chairman of the Symposium Organising Committee and Chief Operating Officer of Bras Motors Limited, stated that the symposium aims to unite stakeholders to explore the economic implications of mobility and develop practical financing solutions for vehicle ownership and public transportation.