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    MarketForces Africa » Uncategorized » Senate Passes 2nd Reading of Electric Vehicles Transition Bill

    Senate Passes 2nd Reading of Electric Vehicles Transition Bill

    Julius AlagbeBy Julius AlagbeNovember 5, 2025Updated:November 5, 2025 News No Comments2 Mins Read
    Senate Passes 2nd Reading of Electric Vehicles Transition Bill
    Godswill kpabia, Senate President
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    Senate Passes 2nd Reading of Electric Vehicles Transition Bill

    The Nigerian Senate on Wednesday passed the second reading of a bill aimed at facilitating the country’s transition to electric vehicles (EVs) and promoting green mobility.

    The bill, sponsored by Sen. Orji Uzor Kalu, sought to establish a legal framework for EV adoption, local manufacturing, environmental sustainability, and economic growth.

    Presenting the lead debate, Kalu said the legislation would guide Nigeria’s gradual shift from petrol- and diesel-powered vehicles to cleaner, environmentally friendly alternatives.

    He highlighted that the transport sector contributed 25–30 per cent of national greenhouse gas emissions, with more than 12 million registered vehicles still relying on fossil fuels.

    Kalu stressed that the bill aligned with global best practices and Nigeria’s international environmental commitments.

    He noted that advanced nations, such as Norway, aimed for full electric mobility by 2030, while African economies like South Africa and Kenya had adopted national EV policies.

    “Nigeria risks being left behind without decisive action,” he warned.

    The lawmaker emphasised the bill’s economic potential, citing the global EV industry’s projected value of more than 1.5 trillion dollars by 2030.

    He said with abundant mineral resources like lithium and nickel, Nigeria could benefit from local EV and battery production, while reduced emissions would improve public health.

    Sen. Adamu Aliero (APC-Kebbi) described the bill as timely, noting that cities like Lagos and Kano would benefit from reduced carbon emissions.

    Senate President Godswill Akpabio, hailed the initiative as “a good innovation” and referred the bill to the Senate Committee on Industries for further legislative review, with a report expected in four weeks

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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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