Lagos: E.F. Network, a multinational technology company, has announced its plans to begin the assembly of hybrid and electric vehicles in Nigeria, with an initial target to produce 40,000 cars annually by the first quarter of 2026. The company’s Chairman and Chief Executive Officer, Mr. Gideon Egbuchulam, revealed this development in a statement during the Lagos International Trade Fair, where the company also showcased its hybrid models.
According to News Agency of Nigeria, the initiative aligns with the Federal Government’s push for local electric mobility manufacturing, supported by incentives under President Bola Ahmed Tinubu’s administration. Egbuchulam highlighted that the project aims to increase production to 100,000 vehicles by 2028 and is expected to generate over 5,000 direct and 20,000 indirect jobs across Nigeria. This move is part of E.F. Network’s strategy to make mobility affordable and support the country’s transition to cleaner energy.
Egbuchulam also noted the Federal Government’s welcoming stance towards electric vehicle manufacturing with attractive incentives, emphasizing the company’s commitment to tapping into the production of CKD/SKD hybrid electric cars. He assured that Nigerians would benefit from government tax incentives and that cost savings from local assembly would be passed on to consumers through reduced retail prices.
The company’s Director of Business Development, Mr. Chidi Success, confirmed that preliminary work for the plant, including land acquisition and partnership arrangements, had been completed. Success mentioned that Chinese engineers would collaborate with Nigerian experts during construction and training phases to facilitate full technology transfer. Discussions are also underway with energy companies MRS and Oando to establish public charging stations nationwide, making it convenient for users to recharge their vehicles at major filling stations.
Additionally, Success announced a customer-friendly payment plan offering a 30 percent down payment, with the remaining balance spread over six to twelve months. Meanwhile, BCBL’s Sales Manager, Shela Lin, reaffirmed their commitment to the partnership by providing the technology and technical expertise necessary for assembly, maintenance, and local workforce training. Lin emphasized that the collaboration is focused on building local technical capacity and supporting Nigeria’s long-term ambition for a sustainable automotive future.