Stanbic IBTC Bank has partnered with LOXEA Nigeria, the exclusive distributor of BYD electric and hybrid vehicles and a subsidiary of CFAO Mobility, to expand access to eco-friendly transportation through flexible vehicle financing options.
This collaboration aimed to make eco-friendly mobility more accessible to Nigerians through innovative and flexible financing solutions, reinforcing both organisations’ commitment to renewable energy and environmental sustainability.
The partnership was officially launched at an exclusive product showcase held at the BYD showroom in Lagos. To encourage early adoption, the initiative includes one-month special incentives, such as vendor discounts and reduced interest rates on vehicle financing.
Olu Delano, Executive Director at Stanbic IBTC Bank, stated: “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.
Read also: Stanbic IBTC Bank turns disciplined saving into unforgettable experiences
“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.”
The event sparked enthusiasm among attendees from various sectors, reflecting growing interest in sustainable automotive solutions. Models like the BYD ATTO 3 and BYD Dolphin were showcased as practical options for urban mobility, offering reduced reliance on fossil fuels, lower operational costs, and a smaller environmental footprint.
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.”