A recent report by Sustainable Energy for All’s Nigeria Energy Transition Office (ETO) and RMI (formerly Rocky Mountain Institute) highlights Nigeria’s immense potential to drive economic growth through the production and adoption of electric vehicles (EVs).
With supportive policies, investment in domestic EV assembly and manufacturing, and the development of a robust charging infrastructure powered by reliable energy, Nigeria can fast-track its EV transition. By implementing tailored strategies to de-risk EV financing, the nation can unlock long-term economic benefits, positioning itself as a leader in sustainable transportation.
As Africa’s most populous nation, Nigeria’s economy relies heavily on oil, gas, and agriculture. Yet, its transportation sector, a cornerstone of economic activity, is under pressure due to rising costs following the removal of fuel subsidies. Despite these challenges, Nigeria stands at the cusp of a transformative opportunity: embracing electric mobility to create jobs, cut pollution, and build a more affordable, sustainable transportation system.
Lolade Abiola, Programme Manager at the Energy Transition Office, emphasized, “Electric mobility holds the key to Nigeria’s sustainable future, offering not just cleaner transport solutions but also paving the way for technological advancement and energy security.”
The report underscores the urgency of adopting EVs, particularly two- and three-wheelers, to deliver clean, affordable, and reliable transport options that can improve the quality of life for millions of Nigerians. By accelerating this shift, the country can create green jobs, strengthen its economy, and improve public health.
Transportation electrification is a critical element of Nigeria’s broader decarbonization strategy. At COP26, the country committed to achieving carbon neutrality by 2060. As part of its Energy Transition Plan (ETP), Nigeria aims to deploy 13 million electric vehicles—representing 60% of its fleet—by 2050, with full adoption by 2060.
Electric vehicles are more than a transport solution for Nigeria; they represent a pathway to a sustainable, resilient, and prosperous future.