In a move that signals a new industrial era, the Federal Government of Nigeria has entered into a strategic partnership with South Korea’s Asia Economic Development Committee (AEDC). Signed on January 30, 2026, the Memorandum of Understanding (MoU) between the Federal Government and South Korea’s Asia Economic Development Committee (AEDC) marks a turning point for clean energy in Africa. The deal, signed by the Minister of State for Industry, Trade, and Investment, Senator John Owan-Enoh, and AEDC Chairman Yoon Suk-hun, aims to transform Nigeria into the continent’s leader for clean mobility by establishing the first full-scale Electric Vehicle (EV) manufacturing plant in Africa. Breaking: Nigeria to Become Africa’s Electric Vehicle Hub Through Landmark Deal with South Korea The Blueprint 1. The Numbers: Jobs, Vehicles, and Value This collaboration transcends mere assembly; it is a commitment to full-scale, high-capacity manufacturing. The projections for the new facil...
THE CAR NAIRA BLOG
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