Lotus Bank and Elizade Launch School Bus Financing in Nigeria

Lotus Bank and Elizade JAC Autoland have introduced a school bus financing program across Nigeria, enabling primary, secondary, and tertiary institutions to acquire JAC Sunrai buses, specifically 13-seater and 18-seater models, without making an initial down payment. This initiative is designed to support schools in obtaining modern and reliable transportation, addressing the significant upfront costs associated with vehicle acquisition.

The financing structure aligns with academic term cycles, allowing schools to spread payments according to their revenue cycles. Oluwaseun Ayanbadejo, head of corporate sales at Elizade JAC Autoland, stated that the program addresses major challenges in providing quality transportation.

The JAC Sunrai buses are noted for their spacious interiors and durability, making them suitable for Nigerian road conditions. The program aims to give schools the opportunity to upgrade and expand their fleets without financial pressure, reflecting the commitment of both companies to deliver customer-focused mobility solutions.