The Federal Government has partnered with South Korea to establish an electric vehicle (EV) manufacturing plant in Nigeria, as part of efforts to accelerate the country’s clean energy transition and strengthen local industrial capacity.
The partnership was formalised through a Memorandum of Understanding (MoU) signed by the Minister of State for Industry, Trade and Investment, John Enoh, and representatives of South Korea’s Asia Economic Development Committee (AEDC).
According to the agreement, the collaboration will focus on technology transfer, investment promotion, human capital development, and research, design and innovation within Nigeria’s automotive sector.
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The project is expected to be implemented in phases, starting with the assembly of electric vehicles before expanding into full-scale, in-house production. When fully operational, the plant is projected to have an annual production capacity of about 300,000 vehicles.
The initiative is also expected to create approximately 10,000 direct and indirect jobs, contributing to employment generation and skills development in the country.
Officials say the partnership aligns with the Federal Government’s broader agenda to promote sustainable transportation, reduce carbon emissions and position Nigeria as a manufacturing hub for electric vehicles in Africa.
