The federal government has entered into a partnership with South Korea to set up an electric vehicle (EV) manufacturing facility and roll out essential charging infrastructure nationwide.
The memorandum of understanding (MoU) was signed on January 30 by John Enoh, minister of state for industry, alongside representatives of South Korea’s Asia Economic Development Committee (AEDC).
The National Automotive Design and Development Council (NADDC) disclosed the agreement in a post on X on Saturday, noting that the collaboration is in line with Nigeria’s national energy transition plan (ETP) and the national automotive industry development plan (NAIDP).
According to the council, the project will be executed in phases, starting with EV assembly before progressing to complete in-house production. It is projected to have a production capacity of 300,000 vehicles and generate about 10,000 jobs.
“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.
Speaking at the signing ceremony, Oluwemimo Osanipin, director-general of the NADDC, stated that the initiative would fast-track technology transfer, attract investments, enhance human capital development, and boost research, design, and innovation. Osanipin was represented by Nura Sidi, head of policy, planning, and statistics.
The NADDC added that Nigeria is gradually building “a sustainable automotive ecosystem that supports local manufacturing, green energy adoption, and global competitiveness”.
Previously, Wale Tinubu, group chief executive officer of Oando Plc, projected that electric vehicles would make up 50 percent of Nigeria’s total vehicle population within the next two decades.
Meanwhile, on November 5, 2025, a bill aimed at creating legal and policy frameworks to guide Nigeria’s shift from petrol-powered vehicles to electric vehicles passed its second reading at the senate.
Orji Uzor Kalu, sponsor of the bill, said the legislation is designed to cut carbon emissions, encourage local production, and position Nigeria to take advantage of the global transition to clean mobility.