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Auto finance takes centre stage as Jaiz Bank champions electric mobility at Abuja motor fair
Auto Finance Takes Centre Stage as Jaiz Bank Champions Electric Mobility at Abuja motor fair
As the 25th Abuja International Motor Fair prepares to open at the Eagle Square on November 18 21, 2025, attention is turning to the evolving role of auto financing in shaping Nigeria’s transition to sustainable mobility.
Leading this transformation is Jaiz Bank Plc, which has positioned itself at the forefront of green transport financing through an ambitious proposal to the Katsina State Government (KTSG) for the supply of Hongqi E-QM5 Plus 2024 Model Electric Vehicles (EVs).
The proposal — aimed at converting the state’s executive fleet to EVs — reflects a growing alignment between Nigeria’s public sector modernization and global Environmental, Social, and Governance (ESG) goals.
It underscores Jaiz Bank’s commitment to delivering innovative, sharia-compliant financing models that make sustainable vehicle acquisition practical for both public and private institutions.
Sustainable Financing for a New Mobility Era
Jaiz Bank’s proposal centers on the Hongqi E-QM5 Plus, a premium electric sedan that combines cutting-edge technology with executive comfort. The car boasts a 560-kilometre range, 0.7-hour rapid charge time, and top speed of 160 km/h, making it ideal for official use and intercity travel.
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According to the bank, the initiative offers several key benefits for state governments, including:
Sustainability Leadership: Positioning states as trailblazers in eco-friendly transportation.
Operational Savings: Major reductions in fuel and maintenance costs compared to conventional vehicles.
Executive Comfort: Smooth, silent, and luxurious rides for officials.
Long-Term Value: Backed by an 8-year warranty and reliable battery technology.
“Our approach goes beyond financing,” the bank explained. “It’s a blueprint for sustainable modernization. The future of mobility is green, and the future of financing is flexible. Through our lease-to-own and sharia-compliant models, we are making electric mobility attainable without the usual financial risrisks.
Industry Endorsement and Broader Impact
Automotive industry experts have praised the initiative for tackling the two biggest barriers to EV adoption in Nigeria — high upfront costs and infrastructure concerns.
Analyst Mrs. Adebola Adesoga described the plan as “a game-changer,” noting that “by bundling financing with after-sales service and infrastructure support, Jaiz Bank is setting a model that can accelerate institutional adoption of EVs nationwide.”
Abuja Motor Fair: Platform for Change
Organisers of the Abuja International Motor Fair, BKG Exhibitions Limited, said the 25th edition would provide a crucial platform for discussions on auto financing, sustainability, and innovation.
The organisers urged banks and financial institutions to showcase their products at the fair and called on state governments to explore emerging financing models that can deliver cost-effective and environmentally responsible mobility.
“This year’s fair is not just about showcasing cars,” the organisers noted. “It’s about shaping the future of Nigeria’s automotive landscape through sustainable financing solutions.”
Auto finance takes centre stage as Jaiz Bank champions electric mobility at Abuja motor fair
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Auto
Electric Mobility: Spiro Unveils Expansion Plan, Names Nigeria New MD
Electric Mobility: Spiro Unveils Expansion Plan, Names Nigeria New MD
Spiro, Africa’s leading electric mobility company, is stepping up plans to expand its footprint in Nigeria, strengthen its battery-swapping infrastructure and deepen partnerships to make electric motorcycles more accessible and affordable to riders.
The company unveiled the growth strategy at the second edition of its Media Connect event in Lagos, where it formally introduced its new Country Head and Managing Director, Mr Prasad Sane, who will lead its operations and expansion drive in the country.
Sane said Spiro would consolidate its presence in Lagos, Ogun and Oyo states while exploring opportunities to extend its operations to additional markets, as it seeks to accelerate Nigeria’s transition to cleaner and more sustainable transportation.
The event brought together journalists covering business, technology, mobility and sustainability to discuss the company’s progress, infrastructure development and long-term ambitions for Nigeria’s electric mobility market.
Addressing the gathering, Sane said the company was moving beyond the deployment of electric motorcycles to building an integrated mobility ecosystem designed to improve riders’ earnings, reduce operating costs and create economic opportunities.
“Today is about progress, partnership and purpose. A year ago, we shared our vision for electric mobility in Nigeria. Today, we are demonstrating tangible results and a clear path forward,” he said.
He added that his mandate was to make Spiro one of the most trusted, affordable and accessible electric mobility solutions for Nigerians, beginning with its existing focus markets.
“My mandate is simple: to make Spiro the most trusted, affordable and accessible electric mobility solution for Nigerians, beginning with Lagos, Ogun and Oyo states.
“We are moving beyond electric bikes to build a complete ecosystem centred on our promise of ‘Energy on the Move’,” Sane stated.
A major pillar of the company’s strategy is its battery-swapping technology, which allows riders to exchange depleted batteries for fully charged ones in under a minute, reducing downtime and eliminating the need to wait for conventional recharging.
According to Sane, the model offers riders an alternative to rising fuel and maintenance costs while supporting efforts to reduce carbon emissions and improve the economics of commercial motorcycle operations.
“Electric mobility is no longer the future. It is the present, and Nigeria is poised to lead the transition,” he said.
Under its expansion plan, Spiro intends to accelerate the deployment of battery-swapping stations and service centres across Lagos, Ogun and Oyo states to improve accessibility, operational efficiency and customer support.
The company also plans to extend its geographical reach beyond the three states, bringing its electric motorcycles and related services to more Nigerian markets.
Another priority is strengthening partnerships with financial institutions, logistics companies and rider communities to improve access to electric motorcycles and its Battery-as-a-Service solutions.
The approach is expected to support wider adoption by riders who may face financial barriers to acquiring electric motorcycles outright, while helping businesses explore cleaner and potentially more cost-effective transportation options.
Spiro also plans to scale up local assembly operations, technical training and after-sales support, with a focus on creating employment opportunities, particularly for young Nigerians and women.
The company said the measures would help strengthen its operational capacity while developing local skills and supporting the growth of Nigeria’s electric mobility ecosystem.
The Media Connect event featured live product demonstrations and operational showcases, alongside the unveiling of the Spiro Ekon M1 Version 3, highlighting the company’s efforts to develop its electric motorcycle offerings for the Nigerian market.
Spiro, which received the West Africa Sustainable Award (WASA), is positioning its expansion around electric motorcycles and battery-swapping infrastructure as it seeks to contribute to the growth of sustainable mobility across Nigeria.

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Jetour W Motors Celebrates Customers, Unveils Nigeria Owners Club After Brazil Promo
Jetour W Motors Celebrates Customers, Unveils Nigeria Owners Club After Brazil Promo
Jetour W Motors Nigeria is stepping up efforts to strengthen customer loyalty and build a vibrant community of vehicle owners with the successful conclusion of its #WinYourWayToBrazil campaign and the official establishment of the Jetour Nigeria Club.
The twin initiatives mark a new phase in the Chinese automotive brand’s engagement with Nigerian customers, extending its relationship with vehicle owners beyond sales and after-sales services to include shared experiences, lifestyle activities, adventures and community-building programmes.
The campaign climaxed with a live raffle draw on Friday, September 25, 2026, at the Jetour W Motors showroom on Adeyemo Alakija Street, Victoria Island, Lagos, where eligible customers gathered for an evening of entertainment, refreshments, networking and the eagerly anticipated announcement of the winner.
The promotion offered customers who ordered and purchased any Jetour vehicle between August 18 and September 20, 2026, the opportunity to win a trip to Brazil for the Jetour Brazil Fan Festival.
The event also featured the distribution of branded Jetour Owners Club gifts, adding to the celebratory atmosphere as customers interacted with one another and members of the Jetour team.
Beyond the excitement surrounding the raffle draw, the occasion provided a platform for Jetour W Motors to unveil the Jetour Nigeria Club, an initiative designed to bring owners of the brand’s vehicles together through a structured calendar of activities and shared experiences.
The club, officially established for the first time in Nigeria, is expected to create opportunities for members to participate in organised adventures, social gatherings and other community initiatives while strengthening their connection with the brand.
Registration for membership will open soon, with all Jetour owners invited to join the emerging community.
The development reinforces Jetour W Motors Nigeria’s strategy of building lasting relationships with customers in a competitive automotive market where ownership experience, customer engagement and brand loyalty are becoming increasingly important.
The #WinYourWayToBrazil campaign follows the successful Jetour Africa Expedition — Nigeria Edition, which brought together Jetour owners, influencers, media professionals and members of the company’s team for a distinctive experience combining driving, adventure and Nigerian culture.
The expedition was the brand’s first major activation specifically designed to bring Jetour owners together in Nigeria, providing an opportunity for participants to connect beyond their individual vehicle ownership experiences.
With the Brazil campaign and the launch of the national owners’ club, Jetour W Motors is building on that foundation by creating more opportunities for customers to interact, participate in brand-led activities and develop relationships with fellow owners.
The approach reflects a broader effort to position vehicle ownership as an experience that extends beyond the showroom, encompassing lifestyle, recreation and a sense of belonging to a growing community.
Jetour W Motors Nigeria is the authorised distributor of Jetour vehicles in the Nigerian market, where the brand continues to expand its presence through customer-focused initiatives and engagement programmes.
The planned opening of membership registration for the Jetour Nigeria Club is expected to provide the next opportunity for owners to become part of the community and participate in activities designed to deepen their connection with the brand.
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FRSC hands over Safeline Bank to ROBOPAY, targets digital financial transformation
FRSC hands over Safeline Bank to ROBOPAY, targets digital financial transformation
The Federal Road Safety Corps (FRSC) has handed over ownership of Safeline Microfinance Bank to ROBOPAY NIG. LTD., paving the way for a major recapitalisation and technology-driven transformation of the financial institution.
The divestment, which took place on Monday, October 5, 2026, at the bank’s premises in Abuja, is expected to reposition Safeline Microfinance Bank for stronger competitiveness, improved service delivery and sustainable growth in Nigeria’s rapidly evolving financial services sector.
The development, according to a statement by the Corps Public Education Officer, Osondu Ohaeri, is part of the strategic efforts under the leadership of the Corps Marshal, Shehu Mohammed, to reposition the institution for greater efficiency and competitiveness.
Safeline Microfinance Bank was established by the FRSC to provide financial services and opportunities to members of the Corps and other stakeholders.
Speaking at the handover ceremony, Chairman of the Board of Safeline Microfinance Bank, Ibrahim Babagana, a Deputy Corps Marshal (Rtd.), said the decision to divest the bank followed a careful assessment of the prevailing regulatory environment and emerging government policies affecting the microfinance banking industry.
Babagana said sustaining the bank under the changing financial landscape would require substantial additional capital, greater investment in technology and enhanced human capital.
He explained that the Board therefore resolved to transfer ownership to an investor with the capacity, resources and commitment to make the required investments and place the bank on a sustainable growth trajectory.
The former FRSC chief expressed confidence in ROBOPAY, saying the company had demonstrated the competence, commitment and vision required to build on the foundation established by the Corps and take Safeline Microfinance Bank to a new level.
He identified strengthening the bank’s capital base, deploying modern technology and investing in human resources as critical priorities for its survival and competitiveness in the increasingly digital financial services market.
Responding on behalf of ROBOPAY NIG. LTD, Malam Aliyu Abiodun thanked the Board and management of Safeline Microfinance Bank for the confidence reposed in the company, describing the acquisition as a significant milestone and an opportunity to unlock the institution’s considerable potential.
Abiodun said the bank already had valuable assets, structures and an institutional foundation which the new owners would build upon through strategic investments in financial technology, capital and human resources.
He said ROBOPAY would deploy FinTech solutions to modernise the bank’s operations, improve customer experience, expand its service offerings and strengthen its competitive position within Nigeria’s financial services industry.
According to him, the new ownership would retain and leverage the institutional foundation created by the FRSC while introducing innovative technology-driven solutions capable of opening new growth opportunities for the bank.
The transaction thus signals more than a change in ownership, as it ushers Safeline Microfinance Bank into a new phase anchored on recapitalisation, digital innovation and professionalised financial services.
Both parties expressed commitment to ensuring a seamless transition, with the ultimate objective of building a stronger, more competitive and sustainable institution capable of delivering greater value to its customers and stakeholders.

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