In a landmark move set to redefine urban mobility and promote financial inclusion in Nigeria, United Bank for Africa (UBA) Plc, has announced a $100 million financing partnership scheme with CIG Motors, LagRide and Lagos State Government.
By the partnership, tagged “Drive to Own”, UBA will be the key financier, offering loan subscriptions that will allow beneficiaries to own a CIG/LagRide vehicle by contributing an equity payment of just 10% of the total vehicle cost, with the remaining amount payable over a period of 48 months.
