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FG Powers Up North-East with N151bn Electric Vehicle Initiative

Nathaniel irobi by Nathaniel irobi
March 9, 2025
in News
FG Powers Up North-East with N151bn Electric Vehicle Initiative
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The Tinubu administration has unveiled an ambitious plan to introduce 10,000 electric vehicles (EVs) to Nigeria’s North-East region.

This followed the Federal Executive Council’s approval of contracts worth nearly $100 million (N151.9 billion) to kickstart the initiative, which includes the supply of electric buses, tricycles, and the establishment of charging infrastructure.

The project, spearheaded by the North East Development Commission, aims to reduce carbon emissions and enhance energy efficiency in the region.

Last week, the Council greenlit contracts for the supply of 10 electric 17-seater buses, 7,000 electric tricycles, and 237 electric cars, alongside the development of charging stations.

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Bluecrest Integrated Concept Limited will supply the 10 electric buses at a cost of N2.9 billion, with delivery expected within six months.

Meanwhile, Mutual Commitment Company Limited and Shanghai Integrated Infrastructure Development will provide 4,000 and 3,000 e-tricycles, respectively, at a combined cost of N86.8 billion. Sinoma Investment International Limited will contribute an additional 3,000 e-tricycles. These tricycles, capable of carrying nine passengers and a driver, are set to revolutionize public transportation in the region.

For the electric car segment, Messrs. HNCEGC will supply 100 BYD Dolphin EVs, 100 BYD Qin Plus EVs, and 37 BYD Yuan Plus EVs for N16.3 billion. To support the new fleet, Messrs. KB Laman Motors Nigeria Limited will establish charging infrastructure across the region for N8.4 billion.

President Tinubu, who approved the procurement of the e-vehicles in October 2023, personally inspected samples of the vehicles, chargers, and batteries, underscoring the administration’s commitment to the project.

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Sanwo-Olu Approves ₦50,000 Bonus For Lagos Workers Amid Hardship

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