LCCI Symposium to Discuss Vehicle Financing Solutions

The Auto Sectoral Group of the Lagos Chamber of Commerce and Industry (LCCI) is organizing a symposium titled ‘From Subsidy to Credit: Can Vehicle Financing Replace Fuel Subsidy as Nigeria’s Mobility Equalizer?’ scheduled for September 17, 2026, at the Henry Fajemirokun Hall, Victoria Island, Lagos. This one-day event aims to gather stakeholders from Nigeria’s automotive, financial, and transport sectors to discuss the implications of rising vehicle ownership costs and access to affordable credit.

The symposium will address the challenges of automotive finance, such as high interest rates and short loan tenures, and explore whether a structured vehicle-financing ecosystem can enhance mobility for Nigerians. 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 practical financing solutions. Austin Akpovili, chairman of the symposium organizing committee and chief operating officer at Bras Motors Limited, expressed optimism for actionable recommendations from the discussions.