Electric Ambitions: The Nigerian EV ecosystem

    Adenike Alao | Top Stories | Oct 31, 2025    
Get Unlimited Access
Subscribe to unlock this article

Complete digital access to quality journalism on any device. Cancel anytime during your trial.

Once registered, you can:

  • Read this article and many more, including access to epapers and research
  • Enjoy customize article feed/recommendation based on your profile
  • Enjoy access to Businessday exclusive events
  • One-Access accross Businessday platforms

Share this article
Shared
3173
times

Green dreams are accelerating, and the focus is shifting beyond oil production. Solar power, batteries, and electric vehicles are transforming competitiveness and trade. China has quickly combined innovation and policy to emerge as a global leader in electric vehicles (EVs). In May 2025, Nigeria’s Minister of Solid Minerals Development, Dr. Dele Alake, announced China’s plans to establish EV factories, a move that could turn Nigeria from a resource supplier into a green manufacturing hub.

Continue reading your article with a
BusinessDay subscription





Already a subscriber?
Sign In
RECOMMENDED STORIES
Technology
Gas-rich Nigeria missing out on big tech AI boom
For decades, Nigeria has flared billions of dollars' worth of natural gas into the atmosphere, a symbol of misaligned incentives, underdeveloped infrastructure, and chronic underinvestment.
Folake Balogun | Jun 09, 2026
Pensions
Pension reform stalls as states shift focus to politics
The implementation of pension reforms across Nigerian states suffered a significant setback in the fourth quarter of 2025 as political calculations ahead of the 2027 general elections increasingly overshadowed governance priorities.
Modestus Anaesoronye | Jun 08, 2026
Economy
Nigeria is getting capital, but not the kind that creates jobs
Nigeria attracted $10.37 billion in foreign capital during the first quarter of 2026, almost double the $5.64 billion recorded a year earlier and one of the strongest quarterly performances in recent history. At first glance, the numbers appear to validat
Oluwatobi Ojabello | Jun 04, 2026
Markets
Seplat surge hands Tony Elumelu N680bn investment windfall
Just five months after executing a landmark $500 million acquisition to become Seplat Energy Plc’s single largest shareholder, billionaire investor Tony Elumelu is already reaping extraordinary rewards.
Iheanyi Nwachukwu | Jun 03, 2026
support_agent
phone
mail_outline
language
help_outline
Conference Ad Conference Ad