Nigeria's EMVC CEO: Right Policies and Investment Can Make Nigeria Africa's EV Leader

Prince Mustapha Audu, CEO of Electric Motor Vehicle Company (EMVC), asserts that Nigeria can lead Africa in electric vehicle production with appropriate policies and investments. The country has abundant raw materials like lithium and rare earth elements, crucial for EV production. Challenges include low consumer awareness, insufficient infrastructure, and high financing costs. EMVC is expanding charging networks and partnering with educational institutions to build local capacity. Audu emphasizes the need for government support to foster local production and technology transfer.

Published Mar 21, 2026

Prince Mustapha Audu, CEO of Electric Motor Vehicle Company (EMVC), believes Nigeria can become Africa's electric vehicle (EV) leader with the right policies and investments. Nigeria possesses significant raw materials, including lithium and rare earth elements, essential for EV production.

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However, challenges such as low consumer awareness, inadequate infrastructure, and high interest rates hinder growth. EMVC has deployed charging stations and is expanding its network while partnering with educational institutions to train technicians. Audu stresses the importance of government support for local production and technology transfer to capitalize on the global transition from fossil fuels.