The founder of NEV Electric Ltd, Mosope Olaosebikan, has said the company is committed to using local manufacturing and clean energy to solve Nigeria’s mass transit challenges.
Mr Olaosebikan said this on Wednesday in Abuja.
He said as Nigeria marks 65 years of independence, attention is shifting toward the next phase of freedom, which he said is not just political sovereignty but also economic and industrial self-reliance.
He stated, “In the transport sector, NEV Electric Ltd is emerging as a key player shaping that vision, using local manufacturing and clean energy to solve Nigeria’s mass transit challenges.
“For decades, Nigeria’s public transport system has relied heavily on imported vehicles and fossil fuels, exposing citizens to fuel price shocks and rising costs.
“NEV Electric is changing that narrative through an integrated model that combines local assembly, increasing local content manufacturing, and sustainable infrastructure deployment.”
According to him, the firm currently builds its electric buses with 30 per cent local content, incorporating Nigerian components, materials, and labour.
He added that the target was to reach 70 per cent local content as domestic supply chains expand.
He said that the company was not just assembling buses but also building Nigeria’s transport future, powered by clean energy, local innovation, and sustainable systems.
According to him, the company is also deploying 160 kW high-capacity fast chargers across Abuja and Lagos, the largest in Nigeria, to support fleet operations and reduce range anxiety for operators.
“Beyond vehicles, NEV Electric is investing in training programmes for Nigerian engineers and technicians in EV assembly, maintenance, and conversion, empowering a new generation of green-skilled workers.
“Aligned with Nigeria’s industrialisation goals, NEV Electric is positioning the country as a regional hub for electric mobility. By integrating local manufacturing, charging infrastructure, and innovative financing, NEV Electric is delivering a homegrown solution to Nigeria’s urban transport needs,” he said.
Due to climate change concerns, many countries are transiting from fossil fuel-powered vehicles to electric vehicles, which scientists say are more environmentally friendly.
An International Energy Alliance (IEA) report projects that more than 17 million units of electric vehicles were sold in 2024.
The figure indicates that EVs accounted for over 20 per cent of new car sales globally that year.
In Nigeria the adaptation of electric vehicles is growing very fast, with an estimated 15,000-20,000 such vehicles on its roads so far in 2025, says a Climate Scorecard report.
Climate Scorecard identifies and advocates actions that can lower emissions in leading greenhouse gas-emitting countries.