The Federal Government has moved to establish Africa’s first Electric Vehicle (EV) manufacturing plant and develop critical infrastructure nationwide with the signing of Memorandum of Understanding (MOU) with South Korea’s Asia Economic Development Committee (AEDC).
According to a statement on the official X (formerly Twitter) account of the National Automotive Design and Development Council (NADDC), the Minister of State for Industry, Senator John Enoh, signed on behalf of the Federal Government on January 30, 2025.
Meanwhile, the AEDC Chairman, Mr. Yoon Suk-hun, signed on behalf of the South Korean organization.
NADDC emphasized that this major partnership with the South Korean firm aligns strongly with Nigeria’s National Energy Transition Plan (ETP) and National Automotive Industry Development Plan (NAIDP).
The council noted that this project will be implemented in phases, starting with electric vehicle assembly and later expand into full local manufacturing, with an estimated capacity of 300,000 vehicles and creation of about 10,000 jobs.
It says, ‘’On January 30, 2026, the Federal Government of Nigeria, through Senator John Enoh, Hon. Minister of State for Industry at the Federal Ministry of Industry, Trade and Investment (FMITI), signed a Memorandum of Understanding (MoU) with South Korea’s Asia Economic Development Committee (AEDC) to establish an Electric Vehicle (EV) manufacturing plant and develop critical charging infrastructure nationwide.
‘’This landmark 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 Director-General of NADDC, Otunba Oluwemimo Joseph Osanipin, reaffirmed that the initiative will accelerate technology transfer, investment promotion, human capital development, as well as research, design and innovation.
The Director-General, who was represented by NADDC’s Head of Policy, Planning and Statistics, Mr. Nura Sidi, stated that Nigeria is steadily building a sustainable automotive ecosystem that supports local manufacturing, green energy adoption, and global competitiveness.
