• 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.