How rising fuel costs launched Nigeria’s first EV-only assembly plant, by Frank Eleanya – Techcabal

Photo: SAGLEV

When President Bola Tinubu announced the removal of Nigeria’s decades-old fuel subsidy in May 2023, the shockwaves were immediate and severe. Overnight, petrol prices surged from ₦185 ($0.36) to above ₦500 ($0.96) per litre, later climbing past ₦600 ($1.15).

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