In a strategic transfer to advance Nigeria’s shift towards sustainable transportation, Stanbic IBTC Bank has introduced a partnership with LOXEA Nigeria, the unique distributor of BYD electrical and hybrid automobiles in Nigeria and a subsidiary of CFAO Mobility. This collaboration is aimed toward making eco-friendly mobility extra accessible to Nigerians via progressive and versatile financing options, reinforcing each organisations’ dedication to renewable vitality and environmental sustainability.
The partnership was formally launched at an unique product showcase held on the BYD showroom in Victoria Island, Lagos. Attendees had the chance to discover BYD’s cutting-edge electrical car fashions, interact with trade specialists, and study tailor-made car financing choices from Stanbic IBTC. To encourage early adoption, the initiative consists of one-month particular incentives, similar to vendor reductions and lowered rates of interest on car financing.
The occasion featured compelling addresses from executives of each organisations, highlighting their shared imaginative and prescient for a cleaner, extra environment friendly transport ecosystem in Nigeria.
Olu Delano, Executive Director at Stanbic IBTC Bank, acknowledged: “This alliance underscores our dedication to empowering Nigerians with green alternatives that not only address environmental concerns but also offer practical, cost-effective solutions for everyday mobility. By combining LOXEA BYD’s innovative electric and hybrid vehicles with our flexible financing, we are not just offering cars, we are driving a cleaner future.”
Mehdi Slimani, Managing Director of LOXEA Nigeria, added: “At LOXEA, we are proud to lead the transition toward cleaner mobility in Nigeria. Distributing BYD’s cutting-edge electric vehicles, along with our comprehensive suite of fleet and mobility solutions, allows us to offer a truly future-ready alternative. This partnership with Stanbic IBTC is a significant step forward in making electric mobility more accessible and practical for Nigerian drivers. Together, we are not just introducing new vehicles, — we are shaping a smarter, greener transportation ecosystem.”
The occasion sparked enthusiasm amongst attendees from varied sectors, reflecting rising curiosity in sustainable automotive options. Models just like the BYD ATTO 3 and BYD Dolphin had been showcased as sensible choices for city mobility, providing lowered reliance on fossil fuels, decrease operational prices, and a smaller environmental footprint.
Looking forward, this partnership positions Stanbic IBTC Bank as a key enabler of Nigeria’s renewable vitality transition, increasing entry to sustainable transport for a broader viewers. Through strategic collaborations like this, the {bank} continues to drive innovation in {financial} companies tailor-made to eco-conscious shoppers.
For extra info on electrical car financing, please go to www.stanbicibtcbank.com, ship an e mail to StanbicNigeria-VAF@stanbicibtc.com or go to your nearest Stanbic IBTC Bank department.
