The Federal Government, in a bid to ensure the successful implementation of its recently approved National Automotive Industry Development Plan, said it would encourage local auto manufacturers to produce less expensive models with price range of between N1.2m and N1.5m.
It also said it would collaborate with auto manufacturers, franchise holders, reputable motor dealers and selected banks to put in place an all-inclusive domestic dealership network through which a user-friendly vehicle purchase scheme could be funded by the National Automotive Council.
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