UBA Partners with CIG Motors and LagRide for $100M Car Loans in Lagos, Nigeria

UBA, in collaboration with CIG Motors and LagRide, has launched a $100 million financing partnership scheme in Lagos, Nigeria. The initiative aims to empower 3,500 drivers in the state by providing them with the opportunity to own CIG and LagRide vehicles through a structured loan subscription plan.

This move is set to redefine urban mobility, promote financial inclusivity, and drive economic growth in the region. The partnership signifies a strategic effort to address immediate challenges and foster SME development, creating tangible opportunities for the younger generation.

The scheme was unveiled during a ceremony in Lagos, emphasizing UBA's commitment to inclusive economic growth and transformation through asset ownership.