Business Lifestyle

E-Mobility Centre: Vicky Ford Calls For More Investment Partnerships In Nigeria

The United Kingdom’s Minister for Africa, Latin America, and the Caribbean, Vicky Ford.
The United Kingdom’s Minister for Africa, Latin America, and the Caribbean, Vicky Ford.

The UK Minister for Africa, Vicky Ford, on Wednesday visited the Nigerian e-mobility platform and an electric vehicle assembler, MAX, to highlight the UK’s commitment to the transition to green manufacturing in Africa and the strong economic links between the British and Nigerian economies.

With support from the UK Foreign, Commonwealth, and Development Office’s (FCDO) Manufacturing Africa programme, MAX recently raised about £23 million to ramp up the assembly of electric two-and three-wheelers.

MAX plans to deploy 24,000 of these green vehicles across its markets in the next three years, helping to reduce both greenhouse gas emissions and urban pollution.

READ ALSO: UK Pledges £10m For Energy Projects In Nigeria

“Firms like MAX demonstrate that we don’t have to choose between growing Nigeria’s economy and protecting the environment. The work done by Manufacturing Africa (MA), a programme funded entirely by UK Aid, is just one of the many ways the UK is working to help accelerate global action to tackle climate change,” Vicky Ford said.

“UK’s support for Nigerian firms through FCDO programming further emphasises our commitment to bilateral trade and investment in Nigeria; UK-based financiers are backing MAX’s growth and MAX has found a UK business partner in Field Ready.

“Support for investment in Nigerian firms will also help by creating quality jobs – MAX hopes the money raised will allow it to create 1600 direct jobs and about 27,500 indirect jobs, which will be essential to meet the 5 million jobs the IMF estimates will be essential to meet Nigeria’s unemployment gap.”

UK Minister for Africa, Vicky Ford, said: “It was a pleasure to meet the team at MAX and to see first-hand how the UK is helping these dynamic entrepreneurs attract investment, create jobs and produce the innovative electric vehicles the world needs to meet our climate challenge.”

Chief Executive Officer and Co-Founder of MAX, Adetayo Bamiduro, said: “At MAX, we believe that e-mobility holds the key to unlocking Africa’s incredible potential. When people and goods can move reliably and predictably, we can unlock economic opportunities.

“When they can move sustainably- we can secure the future of millions. We’re deeply appreciative of the continued support of the United Kingdom’s government to the e-mobility industry in Africa, and for the opportunity to share our work with Minister Ford today.”

Related posts

CBN Kicks Against New Anti-Money Laundering Law

admin

President Buhari To Unveil e-Naira On Monday

admin

BREAKING: Court Stops FG From Deducting $418m From States’ Account

admin

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More