Just In:FG Approves N151.9 Billion For Electric Vehicle Project In North-East

Credit: Nairaland forum

The Federal Government has approved N151.9 billion to launch an electric vehicle transportation system in North-East Nigeria. The initiative, endorsed by the Federal Executive Council (FEC), includes the procurement of electric buses and tricycles, alongside the development of charging infrastructure.

This was revealed in a statement by Bayo Onanuga, Special Adviser on Information and Strategy to President Bola Tinubu, via his official X (formerly Twitter) handle.

The North East Development Commission (NEDC) will finance the project, aligning with efforts to lower carbon emissions and enhance energy efficiency in the region.

Breakdown of the Project:

• Electric Buses: Bluecrest Integrated Concept Limited will supply 10 electric 17-seater buses for N2.9 billion, with delivery expected within six months.
• Electric Tricycles: A total of 10,000 e-tricycles will be procured from multiple suppliers:
• 4,000 from Mutual Commitment Company Ltd for N49.6 billion (to be delivered in nine months).
• 3,000 from Shanghai Integrated Infrastructure Development for N37.2 billion.
• 3,000 from Sinoma Investment International Ltd.
• Each tricycle will seat nine passengers and a driver.
• Electric Cars & Charging Infrastructure:
• 237 BYD electric cars will be supplied by HNCEGC for N16.3 billion.
• KB Laman Motors Nigeria Ltd will develop charging stations for N8.4 billion.

President Bola Tinubu approved the procurement of these vehicles in October 2024 and later inspected prototypes, including chargers and batteries.

What This Means for Nigeria

The North-East EV rollout follows Lagos State’s electric mobility initiatives. Lagos has already integrated electric buses into its Bus Rapid Transit (BRT) system, with plans to expand the fleet. In January 2025, Oando Plc partnered with the Lagos State Government to deploy 5,000 electric buses, though no timeline was specified.

If successfully implemented, the North-East project could accelerate the adoption of electric vehicles across Nigeria. However, challenges such as electricity supply stability and the sustainability of charging infrastructure remain key concerns.

Source: Nairametrics 

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