The Federal Government has fully supported Nigeria’s emerging electric vehicle industry, restating its commitment to driving local manufacturing, economic expansion, and job creation.
According to a statement, the Minister of Industry, Trade and Investment, Jumoke Oduwole, affirmed the government’s support during a visit to the Saglev Incorporated EV assembly plant in Lagos on Wednesday.
Oduwole said the President Bola Tinubu-led administration remained focused on fostering investment and industrial growth through policies that prioritise Nigerian businesses.
She said, “The Nigeria-first policy of President Tinubu is committed to supporting investors exactly like the demographic we’re seeing here. From industrial policy to trade policy to investment policy, this administration is focused on Nigerian investors and putting them first so they can thrive.”
The trade minister described Saglev’s plant as a symbol of sustainable innovation, noting that the vehicles assembled there could significantly enhance Nigeria’s transportation and logistics sectors.
She noted that the high-end electric vehicles use “about 80 per cent less power,” which she said could move Nigeria’s mobility sector to the next level.
