FG, South Korea sign agreement to manufacture electric vehicles in Nigeria
The federal government has announced the signing of a Memorandum of Understanding with South Korea, to establish a plant for the manufacturing of electric vehicles in Nigeria.
The National Orientation Agency, in a statement on X, on Monday, said the minister of state for industry, John Enoh, signed the agreement with the Asia Economic Development Committee of South Korea.
The NOA said, “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 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.”
According to the agency, the initiative is aimed at boosting Nigeria’s transition to clean energy and boost local industrial capacity, adding that it will also accelerate technology transfer, investment promotion, human capital development, and research, design, and innovation.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
World
World’s oldest person Ethel Caterham celebrates 117th birthday
Ms Caterham is the last known surviving person born during the reign of King Edward VII, who died in 1910.
States
24 ISWAP family members surrender to troops in Borno
The report stated, “Troops arrested one suspect in possession of a magazine loaded with 35 rounds of 7.62mm special ammunition.”
Lagos
Five die in Badagry road crash
Mr Oke-Osanyintolu said, ““The remains of the victims were carefully recovered, bagged with dignity, and handed over to officials of the Federal Road Safety Corps.”
Heading 1
Tinubu appoints Ngozi Olejeme, Betta Edu fingered in over N1 billion fraud as 2027 campaign council members
The EFCC told the People Gazette that investigations were still ongoing on Mr Edu’s case.
World
U.S. military fires publisher, top editor of Stars and Stripes reporting U.S. navy sailors’ travails
The newspaper’s publisher since 2007, Max Lederer, who had earlier this week announced his retirement in September, was also fired.
Heading 2
Atiku’s latest position on subsidy driven by political desperation, says ex-APC spokesman
Mr Oladejo noted that subsidy removal should not be reduced to a mere campaign slogan.
