United Bank for Africa (UBA) partners with Mikano Motors to launch a vehicle financing scheme aimed at making car ownership more accessible. The programme offers financing that covers a large portion of a vehicle’s cost, with customers making an initial payment before the bank provides the rest.
According to reports, the scheme is branded around helping customers “drive your dream today” and is structured to reduce upfront payment requirements. Multiple outlets state that customers start by paying 30% of the vehicle cost, meaning 70% is financed under the initiative. The partnership is presented as a way to improve affordability for Nigerians seeking to purchase new vehicles.
While outlets emphasize different branding and framing—such as the initiative’s promotional theme versus the specific split of down payment and financed amount—they are aligned on the core details: UBA and Mikano Motors jointly offer an auto financing option with a 30% down payment and financing for the remaining 70% of the vehicle price.
