The federal government on Friday, January 30,signed a Memorandum of Understanding (MoU) with South Korea to establish an Electric Vehicle (EV) manufacturing plant and develop charging infrastructure across Nigeria.
The agreement was signed 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 a post on X social media platform.
According to the council, the partnership aligns with Nigeria’s National Energy Transition Plan (ETP) and the National Automotive Industry Development Plan (NAIDP).
The NADDC said the project will be implemented in phases, starting with the assembly of electric vehicles before expanding into full in-house production.
“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 council said.
At the signing ceremony, the Director-General (DG) of NADDC, Oluwemimo Osanipin, said the initiative would accelerate technology transfer, attract investment, develop human capital, and boost research, design, and innovation in the automotive sector.
Osanipin was represented at the event by Nura Sidi, the council’s Head of Policy, Planning, and Statistics.
The council added that Nigeria is steadily building a sustainable automotive ecosystem that supports local manufacturing, green energy adoption, and global competitiveness.
Meanwhile, Wale Tinubu, Group Chief Executive Officer (GCEO) of Oando Plc, has said electric vehicles could 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 passed its second reading in the Senate.
The sponsor of the bill, Orji Uzor Kalu, said the proposal aims to reduce carbon emissions, promote local manufacturing, and position Nigeria to benefit from the global shift toward clean mobility
