EVs are popping up everywhere – Is Nigeria’s Transportation finally shifting?
- Fuel prices in Nigeria surged by 172% after the removal of fuel subsidies in May 2023, leading to increased transportation costs.
- Transport costs have risen by over 270% year-on-year since the subsidy removal, significantly impacting daily commuters.
- UNILAG introduced electric shuttle buses in 2023, reducing fares and doubling the fleet size within a year.
The transition to electric vehicles in Lagos presents a promising opportunity for sustainable transportation amidst rising fuel costs. However, for this shift to be successful, significant investment in charging infrastructure and public education on EV benefits is essential. The potential for cost savings and environmental benefits makes this a critical area for discussion among policymakers and business leaders.
