Electric vehicles to be made in Nigeria: FG, South Korea Sign Agreement
In a move to accelerate Nigeria’s transition to clean energy and boost local industrial capacity, the Federal Government has signed an agreement with South Korea to establish an electric vehicle manufacturing plant in Nigeria.
The Memorandum of Understanding (MoU) was signed by the Minister of State for Industry, John Enoh, and representatives of the Asia Economic Development Committee (AEDC) of South Korea.
The initiative will accelerate technology transfer, investment promotion, human capital development, and research, design, and innovation.
The project is said to 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.
Dear Readers, Good and credible news reportage is tedious task and requires huge finances.
We are soliciting your Noble support for as low as N1,000 your support would go a long way in assisting us to continue to guarantee our readers quality news.
Bank transfers can be made to:
Account Name: Harvest and Commercial
Bank: Sterling Bank
Account Number: 0078627735