RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Economy

Transport Minister Vows to Introduce Electric Vehicles to Tackle Escalating Expenses.

Stephen Akudike by Stephen Akudike
September 12, 2023
in Economy
Reading Time: 2 mins read
A A
0
Transport Minister Vows to Introduce Electric Vehicles to Tackle Escalating Expenses.
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

Nigeria’s Minister of Transportation, Sa’idu Alkali, has pledged his commitment to laying the groundwork for a successful electric vehicle (EV) rollout in the country. His goal is to address the soaring transportation costs faced by Nigerians, attributed in part to the removal of fuel subsidies. Alkali made these remarks upon resuming office on August 22, emphasizing the need for an effective mass transit system and the procurement of electric vehicles to alleviate transportation expenses.

Alkali stated, “The Ministry of Transport must assume a leading role in improving the public transportation sector to support the numerous policies that are geared towards providing democratic dividends that are accessible to ordinary Nigerians through effective provision of public transport that is secured, affordable, and convenient across the country.”

AlsoRead

NNPC Reduces Petrol Price to N1,299 as Competition Intensifies with MRS and Depots

Brent Crude Falls More Than $16 in Eight Sessions as US and Iran Signal Diplomacy

Seplat Agrees to Sell 10% Stake in NNPC Joint Venture for $281.6 Million

The new Minister of Transportation’s vision aligns with Nigeria’s broader objective of reducing emissions and embracing sustainable transportation solutions. In 2022, Jelani Aliyu, Director General of the National Automotive Design and Development Council (NADDC), highlighted the potential of electric vehicles to accelerate Nigeria’s emission reduction targets. He emphasized that EVs offer opportunities for young ICT-skilled Nigerians to contribute to technological advancements.

Addressing the electricity challenge, Aliyu revealed that the NADDC had developed 100% solar-powered, off-grid EV charging stations in key cities. This initiative aims to tackle the charging infrastructure hurdle that often accompanies EV adoption.

Nigeria’s commitment to sustainable transportation is part of a broader strategy to harness local expertise and innovation. Notably, the Federal Government, under former President Muhammadu Buhari, announced plans in May 2023 to produce 30% locally made electric vehicles by 2033. This initiative signifies a pivotal step toward reducing dependency on fossil fuels and embracing cleaner and more cost-effective transportation solutions.

With Alkali’s determination to foster an effective mass transit system and promote electric vehicle adoption, Nigeria embarks on a transformative journey towards a greener and more affordable transportation landscape.

Previous Post

Federation Account Revenue Declines to ₦1.74 Trillion

Next Post

Femi Falana Takes CBN to Court Over Dollarization of Economy

Related News

NNPCL to Supply Dangote Oil Refinery With Crude Oil For Testing

NNPC Reduces Petrol Price to N1,299 as Competition Intensifies with MRS and Depots

by Akpan Edidong
August 5, 2026
0

The Nigerian National Petroleum Company Limited has cut the pump price of petrol from N1,335 to N1,299 per litre, a...

Oil Prices Reach $90 Following Supply Reduction by Saudi Arabia and Russia.

Brent Crude Falls More Than $16 in Eight Sessions as US and Iran Signal Diplomacy

by Akpan Edidong
August 3, 2026
0

Brent crude has dropped more than $16 per barrel over eight trading sessions, wiping out most of the gains sparked...

Seplat Energy revenue grows by 29.8% in 2022

Seplat Agrees to Sell 10% Stake in NNPC Joint Venture for $281.6 Million

by Akpan Edidong
July 31, 2026
0

Seplat Energy Plc has entered a legally binding agreement to dispose of a 10% working interest in its joint venture...

FG Secures $1.95 Billion in World Bank Loans Amidst Debt Concerns

Nigerian Issuers Pay Up to 20% to Raise Debt in First Half of 2026

by Victoria Attah
July 28, 2026
0

Corporate borrowers and state-backed entities paid coupon rates as high as 20% to access Nigeria’s debt capital market in the...

Next Post
Femi Falana Takes CBN to Court Over Dollarization of Economy

Femi Falana Takes CBN to Court Over Dollarization of Economy

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

FCMB Group Plc Reports Remarkable 108% Year-on-Year Profit Growth in 9M 2023

Court Dismisses N100 Million Privacy Breach Suit Against FCMB

August 6, 2026
NDIC Begins Verification Exercise for Insured Depositors of Defunct Peak Merchant Bank.

NDIC Begins Payments to Depositors of 46 Closed Microfinance Banks

August 6, 2026

Popular Story

  • 10,180 Nigerians Immigrates to Canada Within H1 2023, IRCC Data Reveals

    Canada Names Eight Firms That Can Hire Nigerians Without LMIA 

    0 shares
    Share 0 Tweet 0
  • 31 Nigerian States Grapple with N2.57 Trillion Domestic Debt Amid No Foreign Inflows

    0 shares
    Share 0 Tweet 0
  • Nigeria State Firm to Be Minority Investor in Largest Refinery

    0 shares
    Share 0 Tweet 0
  • FG plans 83% cut in taxes, levies to Curb Economic Hardship

    0 shares
    Share 0 Tweet 0
  • World Bank: Only 44% of Nigeria’s Social Aid Reaches the Poorest

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>