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Home Business & Economy

FG applauds indigenous innovation in Nigeria’s electric vehicle sector 

by NEW CITIZEN
February 4, 2025
in Business & Economy
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FG applauds indigenous innovation in Nigeria’s electric vehicle sector 
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun (m), stands near a NEV Electric's bus

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun (m), stands near a NEV Electric's bus

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The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun (m), stands beside a NEV Electric’s bus

The Federal Government has applauded NEV Electric, an indigenous electric vehicle company by Brilliant Model Technology, for its pioneering role in advancing Nigeria’s transportation sector through the development of affordable and sustainable clean energy vehicles, reducing carbon emissions and promoting eco-friendly transportation solutions.

During a firsthand experience with NEV Electric’s buses, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, praised the company’s innovation in sustainable mass transit, noting that it aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda for a cleaner and more efficient transportation system.

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He assured that the Federal Government is committed to supporting local innovation and private-sector collaboration in driving Nigeria’s transportation transformation.

Edun highlighted that NEV Electric’s initiative has the potential to create jobs, enhance energy security, improve urban mobility, reduce greenhouse gas emissions, and contribute to Nigeria’s economic growth and sustainable development.

Mr Edun (1st, l) inside the electric bus developed by NEV Electric

Mohammed Manga, the Director, Information and Public Relations of the ministry, explained in a press statement today in Abuja: “As Nigeria seeks to address its transportation challenges, the government’s endorsement of NEV Electric’s innovation is a positive step forward.

“This partnership will help improve the country’s transportation system, reduce environmental impact and also promote economic growth.”

Tags: electric vehicleNEV ElectrictechnologyWale Edun
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