First Bank and Elizade-JAC partners to unveil a new vehicle finance scheme in Nigeria


Posted by: Oluwaseun Solomon

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Elizade-JAC and First Bank of Nigeria PLC have recently partnered to unveil a much better vehicle finance scheme for Nigerians.

The face of the Nigerian automobile market is changing rapidly with new innovations coming out lately. One such innovation is the newly unveiled vehicle finance campaign by First Bank in partnership with Elizade JAC Autoland to provide affordable low-interest vehicle finance to Nigerians on new cars.


First Bank and Elizade-JAC Autoland unveils new vehicle finance scheme to boost affordability of new cars in Nigeria

This newly launched campaign was tagged “Special 30” as it aims to enable 30 Nigerian citizens to have access to brand new cars in a car ownership scheme each month.

A recent public state from Elizade-JAC company revealed the list of vehicles available under this new scheme includes: JAC S3, JAC S2 with a leather seat or fabric seat, and JAC J4 passenger cars.

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Press reports claim that the maiden edition of this new scheme has already started since the 4th of February and should end on the 4th of August this year 2020. Also, in a recent press statement regarding this new scheme Mr Demola Adeojo, the MD and CEO of Elizade JAC Autoland, made the following quoted statement;

“For us at Elizade JAC Autoland, we seek ways to enable Nigerians to own vehicles. Now with this scheme, you do not have to cough out the entire cost of a vehicle when you can access a very affordable customer-focus campaign like the Special 30 scheme.”

Similarly, Mr Chuma Ezirim – the Group Executive officer on Retail Products and e-Business for First Bank also talked about this new partnership recently when he said;

“At First Bank, we remain committed to promoting initiatives tailored at meeting our customers’ immediate financial and personal needs.

“We are excited about this partnership with Elizade Autoland, in conjunction with JAC motors, as it is a means to own a brand-new vehicle with premium vehicular maintenance services and various benefits at cost-effective rates.

“Customers are implored to visit the First Bank branch nearest to them for this amazing opportunity to own a brand-new car.”

This is a really beautiful scheme that should help lots of low-income earners in Nigeria afford new vehicles on a more convenient payment plan.

>>> Always check our -> automotive industry updates section for fresh reports like this on Naijauto

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Oluwaseun Solomon

Oluwaseun Solomon

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Oluwaseun Solomon is a prolific and diligent automobile writer at He's also an experienced digital marketer and a creative multimedia developer that specializes in video editing. He currently contributes informative and easy to read articles on topics covering transportation, traffic updates, auto industry updates, and different car reviews.
When Solomon is not writing, you will either find him composing music, editing videos or simply enjoying YouTube "TEDx Talk" videos with a chilled drink :)

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