For growth in the automotive sector of Nigeria and Africa, the CEO of Autocheck has found a way to finance it. As there can be easier and more accessible ways for finance. The CEO of Autocheck said “Future of Automotive Financing and opportunities for the continent.” For the automotive market in Nigeria to reach its full potential in growth he proposed a multi-layered approach to the car industry.
The CEO mentioned the financing could also be bad for the Automotive market. As it will be difficult to face transportation challenges and it will affect the whole chain in the market which includes workshops, dealers, SMEs, and most importantly the consumer.
Consumer education is also really important. If the consumer is educated they will how to be responsible with the financing solution and avail credit. Autocheck is the betterment for car ownership as this was highlighted by the SVP West Africa, Autocheck, Mr. Mayokun Fadeyibi. Autocheck will make it easier to own a car and much more affordable to more Africans. This even gained stakeholders' attention so they will take part in the growth of the Automotive industry.
