PAN Nigeria Limited Nigeria’s
leading automobile manufacturer and Access Bank have entered into a
partnership, aimed at making the acquisition of brand new Peugeot
vehicles easier for its customers in Nigeria. The two companies signed
an MoU recently at Protea Hotel, Ikeja, Lagos, where they stated that
making brand new Peugeot vehicles affordable was their priority since it
had become almost impossible for people to buy cars with their savings
over a long period of time.
According to the scheme Access Bank will assist interested
prospective Peugeot customers with the funds to purchase their choice
Peugeot model at a low interest rate which will be repaid over a period
of four years. The scheme according to the companies enables the
customer to take possession of his choice Peugeot car, just three days
after completing all the necessary paper work.
Speaking during the ceremony, Managing Director PAN Nigeria, Mr. Ibrahim Boyi explained that the choice of Access Bank was informed by the pedigree of the company in providing support to customers. “It is a marriage of two great brands. Access Bank has won lot of accolades over the years. It is a dynamic and innovative bank with broad reach throughout the country. It reaches many of our broad customers especially women,” the PAN boss stated.
Continuing, he said “Peugeot offers value to customers. It is a rugged brand, built for Nigeria road. It is tested and trusted, comfortable, safe, and extremely elegant and comes with three years real warranty.’’ The Managing Director, who appealed to the Federal Government to fully implement the new national auto-policy, also disclosed that Peugeot warranty covers every part of the car including engine, gearbox. It is competitively priced with amazing fuel efficiency as some of their models can travel 100 kilometres with just five to six litres of petrol.
He explained that the fuel efficiency of Peugeot cars was recently put to the test by motoring journalists from Lagos to Kaduna and it was confirmed to be as claimed by Peugeot. For instance, the new Peugeot 301 travelled the Lagos-Kaduna route, a distance of over 900 kilometres without refuelling on the road, a feat that was only achieved by the old Peugeot 306.
Another advantage of the Peugeot model is that unlike other brands that has service circle of 5,000 kilometres, Peugeot brand has service circle of 10,000 kilometres and affordable parts which makes them very cheap in the long run. In addition to these benefits, the PAN boss disclosed that the Peugeot 301 and 508 sedans are now assembled at their Kaduna plant with over 40 years experience and qualified technicians and engineers to back up the brand.
He said: “We are on the semi knock-down stage and have signed the complete knock-down contract (CKD) which will commence in 2016.” According to him, PAN was ahead of other local manufacturers with in three years. “We are the only one that has achieved this CKD stage while others can attain stage three years after,” he said. He added that PAN presently produces 16 cars daily in its Kaduna plant and can double this figure on double shift.
Also speaking at the occasion, Executive Director, Personal Banking of Access Bank, Victor Etuokwu explained that what they were doing was in support of the Federal Government’s auto policy and fulfilment of Access Bank support for economic development. According to him, Peugeot had the oldest and best plant in the country and Access Bank was excited to partner with a truly credible big company like Peugeot.
In addition to that, he said the partnership was the coming together of two institutions that were concerned about the wellbeing of the people. “This scheme provides opportunity for those who cannot raise the huge amount at a go to buy brand new cars and what we are doing today is the first step in aiding them achieve that,” he said.
Speaking during the ceremony, Managing Director PAN Nigeria, Mr. Ibrahim Boyi explained that the choice of Access Bank was informed by the pedigree of the company in providing support to customers. “It is a marriage of two great brands. Access Bank has won lot of accolades over the years. It is a dynamic and innovative bank with broad reach throughout the country. It reaches many of our broad customers especially women,” the PAN boss stated.
Continuing, he said “Peugeot offers value to customers. It is a rugged brand, built for Nigeria road. It is tested and trusted, comfortable, safe, and extremely elegant and comes with three years real warranty.’’ The Managing Director, who appealed to the Federal Government to fully implement the new national auto-policy, also disclosed that Peugeot warranty covers every part of the car including engine, gearbox. It is competitively priced with amazing fuel efficiency as some of their models can travel 100 kilometres with just five to six litres of petrol.
He explained that the fuel efficiency of Peugeot cars was recently put to the test by motoring journalists from Lagos to Kaduna and it was confirmed to be as claimed by Peugeot. For instance, the new Peugeot 301 travelled the Lagos-Kaduna route, a distance of over 900 kilometres without refuelling on the road, a feat that was only achieved by the old Peugeot 306.
Another advantage of the Peugeot model is that unlike other brands that has service circle of 5,000 kilometres, Peugeot brand has service circle of 10,000 kilometres and affordable parts which makes them very cheap in the long run. In addition to these benefits, the PAN boss disclosed that the Peugeot 301 and 508 sedans are now assembled at their Kaduna plant with over 40 years experience and qualified technicians and engineers to back up the brand.
He said: “We are on the semi knock-down stage and have signed the complete knock-down contract (CKD) which will commence in 2016.” According to him, PAN was ahead of other local manufacturers with in three years. “We are the only one that has achieved this CKD stage while others can attain stage three years after,” he said. He added that PAN presently produces 16 cars daily in its Kaduna plant and can double this figure on double shift.
Also speaking at the occasion, Executive Director, Personal Banking of Access Bank, Victor Etuokwu explained that what they were doing was in support of the Federal Government’s auto policy and fulfilment of Access Bank support for economic development. According to him, Peugeot had the oldest and best plant in the country and Access Bank was excited to partner with a truly credible big company like Peugeot.
In addition to that, he said the partnership was the coming together of two institutions that were concerned about the wellbeing of the people. “This scheme provides opportunity for those who cannot raise the huge amount at a go to buy brand new cars and what we are doing today is the first step in aiding them achieve that,” he said.
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