Ogona Anita
The federal government has signed an agreement with South Korea to establish an electric vehicle (EV) manufacturing plant and develop critical charging infrastructure across the country.
The memorandum of understanding (MoU) was signed on January 30 by John Enoh, minister of state for industry, and representatives of the Asia Economic Development Committee (AEDC) of South Korea.
The National Automotive Design and Development Council (NADDC) announced the development in an X post on Saturday.
The council said the collaboration aligns strongly with Nigeria’s national energy transition plan (ETP) and national automotive industry development plan (NAIDP).
“The project will be implemented in phases, beginning with EV assembly and expanding into full in-house production, with an estimated capacity of 300,000 vehicles and the creation of approximately 10,000 jobs,” the NADDC said.
At the signing ceremony, Oluwemimo Osanipin, director-general (DG) of the NADDC, said the initiative will accelerate technology transfer, investment promotion, human capital development, and research, design, and innovation.
Osanipin was represented by Nura Sidi, the head of policy, planning and statistics.
The NADDC said Nigeria is steadily building “a sustainable automotive ecosystem that supports local manufacturing, green energy adoption, and global competitiveness”.
Wale Tinubu, group chief executive officer of Oando Plc, had said electric vehicles will account for 50 percent of Nigeria’s total vehicles within the next 20 years.
On November 5, 2025, a bill seeking to establish legal and policy frameworks for Nigeria’s transition from petrol-powered vehicles to electric vehicles scaled second reading at the senate.
Orji Uzor Kalu, the sponsor of the bill, said the proposal aims to reduce carbon emissions, promote local manufacturing, and position Nigeria to benefit from the global shift towards clean mobility.
