UBA Launches $100 Million ‘Auto Finance Program’ For Drivers
December 20, 2025
2:57 pm
Nigeria’s UBA partners with LagRide, CIG Motors, and Lagos State Government to enable 3,500 drivers to own vehicles through structured loans.
United Bank for Africa (UBA) Plc has launched a $100 million vehicle financing program aimed at empowering 3,500 drivers across Lagos State, signaling a major push for financial inclusion and urban mobility transformation in Nigeria.
The initiative, called “Drive to Own,” was unveiled at a ceremony in Lagos, with UBA partnering with CIG Motors, LagRide, and the Lagos State Government. The program allows beneficiaries to acquire vehicles with just a 10% initial equity contribution, repaying the balance over a …
