Adoption of EV Initiative to Assist Nigeria’s Energy Transition

Nigeria is expected to make a landmark progress with the adoption of Electric Vehicles as alternative to fossil fuels says the Major Energy Marketers Association of Nigeria (MEMAN).

The association made key emphasis on Electric Vehicles (EVs) as crucial to Nigeria’s energy transition, tackling climate change and boosting energy security, affirming that ongoing innovations like solid-state batteries, wireless charging, and vehicle-to-grid (V2G) technology are poised to accelerate adoption despite high initial costs and limited infrastructure.

These insights were among the key highlights of the MEMAN Quarterly Press Webinar on Tuesday, where experts discussed Nigeria’s energy future, emphasizing the role of electric vehicles (EVs), energy diversity, and refining capacity in shaping the nation’s energy landscape.

MEMAN, during the webinar, reaffirmed its commitment to advancing Nigeria’s energy sector, emphasizing that its advocacy and strategic initiatives are driven by core principles, market philosophy, and values that continue to guide its leadership in the evolving energy landscape.

MEMAN further stressed that transitioning to Electric Vehicles (EVs) is vital for sustainability, reaffirming its commitment to championing this shift while continuing to support traditional energy sources.

Chairman of MEMAN, Huub Stokman, in his remark at the session, revealed that, the underlying philosophy of the major energy marketers is to serve the best interests of the Nigerian consumer and citizen.

According to him, MEMAN’s mission aligns with the Federal Government of Nigeria’s National Petroleum Policy 2017 and the Petroleum Industry Act 2021, both of which emphasize energy accessibility and sustainability.

Speaking on the strategic importance of EVs adoption in Nigeria, the chairman said, MEMAN will continue to advocate for a diverse energy mix that includes traditional fuels, renewables, and innovative technologies.

Stokman pointed out that EV technology is not new but has been in development for years. He highlighted that regions like Europe and China are leading the global transition towards EVs, with China targeting full adoption by 2035, while Europe aims to achieve a major shift by 2024.

The chairman also cited Norway as a prime example of successful EV adoption, with the country on track to reach 100% EV usage by 2025. He noted that Norway’s progress serves as a model for other nations worldwide.

According to him, the evolution of EVs is closely tied to the development of comprehensive transport policies, road networks, and infrastructure systems that work in harmony to support the transition.

Stokman emphasised that as a part of our recommendations, MEMAN is calling for Formation of Petroleum Industry Consultative Committees to guide the industry, resolve potential conflicts, and enhance collaboration.

The managing director of NNPC Retail Ltd. highlighted that, as Nigeria emerges as an African refining powerhouse, MEMAN celebrates the important progress achieved by both public and private sectors, with the launch of Dangote Refinery and the establishment of modular refineries being pivotal for securing the nation’s energy future.

He acknowledged that, while initial startup challenges are expected, these refineries will significantly influence the country’s energy landscape for years to come.

Stokman also emphasised the importance of maintaining an environment where competition can thrive, as it encourages efficiency, reduces costs, and ensures consumers have access to the best possible energy solutions.