The Federal Authorities has moved to determine Africa’s first Electrical Car (EV) manufacturing plant and develop vital infrastructure nationwide with the signing of Memorandum of Understanding (MOU) with South Korea’s Asia Financial Growth Committee (AEDC).
In response to an announcement on the official X (previously Twitter) account of the Nationwide Automotive Design and Growth Council (NADDC), the Minister of State for Business, Senator John Enoh, signed on behalf of the Federal Authorities on January 30, 2025.
In the meantime, the AEDC Chairman, Mr. Yoon Suk-hun, signed on behalf of the South Korean group.
NADDC emphasised that this main partnership with the South Korean agency aligns strongly with Nigeria’s Nationwide Power Transition Plan (ETP) and Nationwide Automotive Business Growth Plan (NAIDP).
What the NADDC is saying
The council famous that this mission will likely be applied in phases, beginning with electrical car meeting and later develop into full native manufacturing, with an estimated capability of 300,000 autos and creation of about 10,000 jobs.
It says, ‘’On January 30, 2026, the Federal Authorities of Nigeria, by Senator John Enoh, Hon. Minister of State for Business on the Federal Ministry of Business, Commerce and Funding (FMITI), signed a Memorandum of Understanding (MoU) with South Korea’s Asia Financial Growth Committee (AEDC) to determine an Electrical Car (EV) manufacturing plant and develop vital charging infrastructure nationwide.
‘’This landmark collaboration aligns strongly with Nigeria’s Nationwide Power Transition Plan (ETP) and Nationwide Automotive Business Growth Plan (NAIDP).
‘’The mission will likely be applied in phases, starting with EV meeting and increasing into full in-house manufacturing, with an estimated capability of 300,000 autos and the creation of roughly 10,000 jobs.’’
The Director-Basic of NADDC, Otunba Oluwemimo Joseph Osanipin, reaffirmed that the initiative will speed up know-how switch, funding promotion, human capital improvement, in addition to analysis, design and innovation.
The Director-Basic, who was represented by NADDC’s Head of Coverage, Planning and Statistics, Mr. Nura Sidi, acknowledged that Nigeria is steadily constructing a sustainable automotive ecosystem that helps native manufacturing, inexperienced vitality adoption, and international competitiveness.
Extra perception
There was rising curiosity in electrical autos in Nigeria over the previous couple of years, regardless of doubts about whether or not it’s viable for the Nigerian market, particularly because of electrical energy provide challenges and horrible street networks.
The Federal Authorities had first mooted the concept of a Nigeria-made electrical car when, in April 2021, by considered one of its businesses, the Nigerian Institute of Transport Expertise (NITT), Zaria arrange a 22-member mission crew for the event of an electrical car.
The Federal Authorities, by the Nationwide Company for Science and Engineering Infrastructure (NASENI), had, in August 2022, signed an MOU with Israeli and Japanese firms to start assembling and manufacturing of electrical autos in Nigeria.
In response to Nigeria’s Power Transition Plan (ETP), launched in 2022, the nation is bold to have a 100% transition to EV by 2060, whereas Lagos pledged to realize this by 2050.
Among the prime electrical car meeting crops in Nigeria embody SAGLEV, Innoson Car Manufacturing (IVM), Jet Motor Firm, Spiro, NEV Motors, Electrical Motor Car Firm (EMVC) amongst others.
What you need to know
The Chinese language authorities had, in Might 2025, introduced plans to determine electrical car factories and different manufacturing ventures in Nigeria as a part of efforts to deepen financial ties between each nations.
The proposed institution of EV factories can be a major step towards unlocking Nigeria’s mineral potential and fostering native worth addition.
