Rivers commend FCMB/Dana Motors’ partnership deal


The Rivers State government has commended the First City Monument Bank (FCMB) Dana Motors partnership for making more Nigerians, and young Nigerians and civil servants gain easy accees to car ownership.

The FCMB – Dana motors partnership which is anchored by the Retail Assets Product management and soft loans and graduated car purchase payment schedule for self employed people, workers and young graduates has been widely acclaimed as safety valve for the fast disappearing Nigeria’s middle class.

The Rivers State Government said it would key into the auto loan alliance between the Bank and Dana Motors to purchase cars for its civil servants who are of the ranks of assistant directors, deputy directors and directors in the state Ministry of Commerce and Industry.

The commissioner for Commerce and Industry, Barrister Chuma Chinye, who announced this in Port-Harcourt while speaking at the official media launch of the auto alliance, said those top officials were yet to get official vehicles from the state government.

Chinye said, “The auto alliance is a wonderful scheme; it is something we will like to encourage. Please, approach the Ministry of Commerce and Industry; let us see if persons from the rank of directors and assistant directors can participate because government has not been able to buy them official cars. I think we should be one of your first customers in this scheme.”

In his speech, the Port Harcourt branch manager of Dana Motors, Kishore Kirpalani, said the auto company is now fully in the country with made-in Nigeria Kia brand of vehicles, as exhibited at the last Abuja International Trade fair, saying that very soon, most of the made in Nigeria cars would flood the roads.

Kirpalani said that the partnership with FCMB has the economic underpinning for boosting local content in the motor industry, empowering the middle class and the poor with soft loans and enabling them to acquire cars without tears.

Also speaking, the executive director, South-East, South-South of FCMB, Okey Ezeala, said the bank has been a well-acclaimed leader in consumer loan offering, adding that the auto loan alliance is aimed at furthering the frontiers of delivering an exceptional customer experience.

Ezeala, who was represented by the Zonal Head, Port Harcourt 1, Oliver Opara, said with the auto loan alliance, qualified customers would be able to own brand new Kia cars for as low as N47,400.00 monthly repayment plan.

He stated that apart from the flexible repayment, the scheme offers many more benefits inclusive of insurance, free registration, five years warranty and many good bags from FCMB.

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