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China, the global leader in electric vehicles, has made solar technology, battery manufacturing, and electric vehicles (“EVs”) central to its export strategy. Against this backdrop, its recent plans to establish EV factories in Nigeria highlight growing investor confidence in Nigeria’s role as a frontier market for sustainable transportation and green industrialisation.

With abundant lithium reserves, political will, and strong policy momentum, Nigeria offers a compelling case for investors seeking to participate in the EV value chain and shape the future of green mobility in West Africa.

In this article, TEMPLARS Partner, Desmond Ogba, and Associates, Joshua Olorunmaiye and Lawrence Ola-Adisa, highlight the expanding Nigerian electric vehicle policy and incentives available to existing and potential investors in the ecosystem.

They also discuss the necessary tools for effectively navigating complexities and making informed investment decisions regarding entry into, and continued operation in, the sector.

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