Nigerian House of Representatives Condemns Absence of Vehicle Finance Schemes, Plans Stakeholder Engagement

The Nigerian House of Representatives' Industry Committee has condemned the lack of vehicle finance schemes in Nigeria, highlighting the impact on the country's socio-economic development. The committee, led by Dr.

Enitan Badru, plans to invite stakeholders such as the Central Bank of Nigeria, Bank of Industry, and National Automotive Design and Development Council to provide solutions for financing vehicle purchases in Nigeria. During a visit to Toyota Nigeria Limited in Lagos, the committee observed the need for affordable financing options.

Proforce, a Nigerian defense solutions provider in Ogun State, was also commended for its export activities.