The PAN Nigeria Ltd yesterday in Abuja launched its new vehicle acquisition finance scheme for its ever growing customer base.

Under the scheme, applicants are expected to make a low equity contribution of between 10-20 per cent subject to their status with a fixed monthly repayment plan for any tenor of between 12 to 48 months.

While stressing that applicants have the option of conventional financing with any of its financial partners (Jaiz and Enterprise banks), managing director, PAN Nigeria Ltd, Ibrahim Boyi, said the latest effort was informed by its desire to see many Nigerians own a car of their own at a very convenient pace.

Boyi said the company’s partnership with Enterprise and Jaiz banks was in line with its determination to take its rightful place in the Nigerian automotive market.

He said the choice of the banks as partners, was deliberate and strategic as both have distinct qualities that would appeal to the company’s customers especially in terms of service delivery, products’ offerings and geographical spread.

Boyi further disclosed that the company’s relationship with its technical partner, Messrs APF was now very fluid.

He also pointed out that PAN Nigeria has gone the extra mile to rationalise and revamp its dealership network to meet new and higher levels of customer service delivery and after sales care.

Boyi disclosed that the company’s assembly and production infrastructure was functioning at its optimum.

Going forward, Boyi said there was the need for the federal government and its agencies to remain resolute and committed to the full and strict implementation of the National Automotive Development Plan policy to help preserve and grow the benefits already being achieved in the local auto industry.

Also speaking, the director-general of the National Automotive Council (NAC), Aminu Jalal, who launched the scheme on behalf of the minister of Industry, Trade and Investment, Olusegun Aganga, said the scheme would encourage the successful implementation of the new automotive policy.

Adapted from Leadership