According to The Guardian reporting on February 1st, 2026, the Nigerian government has officially entered into a strategic Memorandum of Understanding with South Korea’s Asia Economic Development Committee (AEDC) to pioneer domestic electric vehicle (EV) manufacturing. The agreement, signed by John Enoh, the Minister of State for Industry, Trade, and Investment, outlines a comprehensive roadmap for establishing assembly plants and a robust national charging network.
Reporting by Daily Trust confirms that the initiative is part of a broader “Green Industrialization” agenda aimed at reducing the nation’s carbon footprint and dependence on fossil fuels. The publication notes that the National Automotive Design and Development Council (NADDC) has already identified potential sites in Lagos and Kaduna for the first phase of the rollout. “This partnership marks a definitive shift from importation to domestic production, positioning Nigeria as a hub for green technology in West Africa,” a Ministry spokesperson stated.
In an update published by The Cable, it was highlighted that the South Korean partners are committing an initial investment of $250 million toward technical training and infrastructure. The outlet quoted AEDC representative, Kim Sung-ho, who remarked: “Our goal is to integrate Nigerian ingenuity with Korean technology to create affordable, sustainable transport solutions for the African market.”
Echotitbits take: This move is a significant pivot toward international economics and sustainable industrialization. By partnering with South Korea, Nigeria is not just looking at environmental benefits but also job creation in the high-tech sector. Watch for the legislative framework that will likely provide tax incentives for early adopters of EVs in the coming months.
Source: NigeriaInfo – https://www.nigeriainfo.fm/news/homepagelagos/nigeria-south-korea-sign-deal-to-launch-electric-vehicle-plant/, February 1, 2026
Photo credit: NigeriaInfo
