Nigeria signed MoU with South Korea’s AEDC to establish EV manufacturing plant on Jan 30 2026.
Deal signed by Nigeria’s Minister of State for Industry John Enoh and AEDC Chairman Yoon Suk-hun.
Project aligned with Nigeria’s National Energy Transition Plan and National Automotive Industry Development Plan.
Plant to include EV manufacturing and nationwide charging infrastructure development.
Initial focus on vehicle assembly with future expansion to full local production.
Facility projected to produce up to 300,000 EVs annually once fully operational.
Initiative expected to create about 10,000 direct jobs and additional indirect jobs.
Why it matters?
The agreement marks a development in African automotive production, creating potential regional manufacturing links and technology transfer. It may influence EV supply chains in Africa.