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Metropolitan Electric Unveils Six-Point Roadmap for Mass EV Adoption in Nigeria

From ThisDay · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • Metropolitan Electric Limited urges Nigeria to move beyond policy announcements and implement a coordinated six-point roadmap for mass electric vehicle (EV) adoption.
  • The company's CEO, Olugbenga Obadina, stated that the challenge is now execution, not policy formulation, citing existing frameworks like the National Automotive Industry Development Plan and tax incentives.
  • Obadina emphasized that investors prioritize execution certainty and predictable rules, calling for a "Nigeria EV Compact" that includes a stable 10-year roadmap, anchor demand, green financing, regulated charging infrastructure, and performance-based localization.

Nigeria must urgently implement a coordinated six-point roadmap to translate growing interest in electric vehicles (EVs) into mass adoption, Metropolitan Electric Limited has urged. The company's Chief Executive Officer, Olugbenga Obadina, argued that Nigeria has reached a critical turning point in electric mobility, and the primary challenge is no longer policy formulation but its effective execution across government agencies.

Obadina highlighted that Nigeria has already established foundational elements for EV adoption, including the National Automotive Industry Development Plan (NAIDP) 2023–2033, which aims for significant local EV production and content. Tax incentives, such as the zero-rating of VAT on EVs and reduced import duties, are also in place. However, Obadina cautioned that these measures will not automatically create a mass market without coordinated government action to mitigate uncertainty and costs for operators and investors.

The policy pieces are largely in place. What is needed now is to connect them, with coordination and execution across agencies.

— Olugbenga ObadinaMetropolitan Electric CEO Olugbenga Obadina on the need for coordinated execution of EV policies in Nigeria.

"Investors price execution certainty, not policy intention," Obadina stated, emphasizing the need for predictable rules, long-term financing, clear charging permits, and measurable local-content requirements. To achieve mass adoption, Metropolitan Electric proposed a "Nigeria EV Compact." This includes publishing a stable 10-year EV roadmap under a single coordinating body, creating anchor demand through government fleet procurement, and establishing a green-mobility financing facility.

The company also recommended treating charging infrastructure as regulated utility, with standardized permits and transparent tariffs. Finally, Nigeria should pursue performance-based localization, tying incentives to tangible outcomes rather than just policy intentions. This comprehensive approach, Obadina believes, is crucial for unlocking Nigeria's EV potential.

Investors price execution certainty, not policy intention.

— Olugbenga ObadinaMetropolitan Electric CEO Olugbenga Obadina emphasizing the importance of reliable implementation for investors.
DistantNews Editorial

Originally published by ThisDay in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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