- President Bola Tinubu has announced plans to roll out 100 electric buses across the country
- The move aligns with the country's drive towards a greener future and cleaner energy
- The President also disclosed the appointment of two co-chairs for the Nigeria Carbon Market Activation Plan
Legit.ng journalist Victor Enengedi has over a decade's experience covering Energy, MSMEs, Technology and the stock market.
President Bola Tinubu has announced Nigeria's forthcoming deployment of 100 electric buses, marking a pivotal move towards a more sustainable and environmentally friendly future.
Emphasizing the significance of this initiative, President Tinubu underscored the country's commitment to substantially reducing its carbon footprint and modernizing its transportation systems.
The announcement was made during a meeting with stakeholders and investors in Dubai, United Arab Emirates, as detailed by Chief Ajuri Ngelale, the Presidential spokesman, in a statement released in Abuja on the same day.
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Tinubu addressed the Nigeria Carbon Market and Electric Buses Rollout Programme during the COP28 climate summit's sidelines.
Initiative to modernise Nigeria's transportation system
Tinubu articulated that this initiative is a key component of a broader strategy to establish Nigeria and Africa as green manufacturing and industrialization leaders.
According to The Guardian, the primary focus involves positioning natural gas as a transitional fuel, complemented by various renewable energy sources.
This initiative stands as a testament to our dedication to environmental stewardship as clearly exemplified through our collaboration with the Africa Carbon Market Initiative.
Our visionary plan is a strategic guidepost, directing Nigeria towards becoming an investment-friendly destination for carbon market investments.
We recognize the imperative of fostering an environment that not only attracts investment but also upholds standardized and sustainable industrial practices.
The transition to electric vehicles forms part of the Federal Government's post-subsidy strategies to address the consequences of rising petrol prices.
Additionally, the government signalled its willingness to collaborate with the private sector, aiming to facilitate the accessibility and affordability of electric vehicles (EVs) for the Nigerian population.
Pursuing this transformative vision, the President disclosed the appointment of two co-chairs for the Nigeria Carbon Market Activation Plan.
These appointees are Mr. Zacch Adedeji, the Chairman of the Federal Inland Revenue Service (FIRS), and Mr. Dahiru Salisu, the Director-General of the National Council on Climate Change (NCCC).
Tinubu assured potential investors that this initiative extends beyond a mere pilot project status.
US Electric Vehicle Manufacturer Sets Up Assembly Plant in Lagos
Meanwhile, Legit.ng earlier reported that American electric vehicle company Saglev is set to launch its advanced electric vehicle assembly plant in Lagos, Nigeria.
During a recent press conference in Lagos, the CEO of Saglev, Sam Faleye, passionately championed the potential of electric vehicles.
Faleye underscored the company's dedication to tailoring its assembly plant in Ikorodu, Lagos, to suit Nigeria's unique environmental and road conditions.
He also presented a persuasive argument for the widespread adoption of electric vehicles in Nigeria, dispelling common myths about their cost and upkeep.