Osinbajo Says Focus On Vehicle Re-financing Will Boost Automotive Industry

The Vice President stated this on Tuesday when he received a delegation of International Automotive Investors comprising Original Equipment Manufacturers and other stakeholders at the Presidential Villa in Abuja.

“I think that is an area where we really need to focus our attention on.

“It is the most critical component that the implementation of the new policy will look at. And am sure that both the Ministry of Finance and others will be keen in discussing with the group on how this can be addressed.

“This is the conversation that has always been back and forth but I think we should be able to get it right this time,” he said, according to a statement signed by his spokesperson, Mr Laolu Akande.

The Vice President added that stakeholders need to form formidable working groups that would deliberate and come up with a seamless implementation approach that would address challenges in critical components of the automotive sector.