Skip to content
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Politics
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Business & Economy
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
Watch Online
  • Home
  • Business & Economy
  • Climate Change: Oando to begin assembly of electric buses in Nigeria by 2026
  • Business & Economy

Climate Change: Oando to begin assembly of electric buses in Nigeria by 2026

Admin December 7, 2023

Dec 7, 2023

…Roll out 12,000 electric buses in Nigeria

Oando Clean Energy says it will soon roll out 12000 electric buses in Nigeria in line with the climate solution agenda to limit carbon greenhouse gas emission in the world.

Mr. Ademola Ogunbanjo, Executive Vice President of the company, announced this on Wednesday in Dubai during his presentation titled “Aiding Nigeria’s race to Net Zero by 2020” at the ongoing climate change conference known as COP28.

Ogunbanjo also said that the company would begin assembly of electric buses in Nigeria by 2026, saying viability test and Environment Impact Assessment for the project were already concluded.

He said two buses had already been deployed in Lagos which would be up-scaled to 50 soon out of the 2000 planned for the state.

“The agenda is 2000 buses for Lagos, 12000 for Nigeria; nobody must import 12000 buses into the country when we have the capacity to build a local assembly.

“We will be assembling vehicles in Nigeria forever; making it electric does not change anything.

“Whatever it needs, we only need to work together, private sector and the government, to ensure we pull resources together and build local capacity.

“It is the only way we can grow. The error we made in the oil and gas era when we did not build as much local capacity as we could or should have. We won’t repeat that with energy transition.

“Energy consumption and transportation form the two largest contributors to greenhouse gases emissions in our country. Transportation more so because we are largely a logistic based economy. We don’t manufacture much; we import a lot and we move whatever we imported around.

“With wind energy project and sustainable transport system, we can decarbonise our economy; if we can decarbonise the transportation sector in Nigeria, we would have made a giant stride towards the achievement of our Net Zero agenda by 2060,” he said.

Earlier in his address, Dr. Aionojie Irune, the President of the Oando Clean Energy, said the company was moved by the show of seriousness that Nigeria had exhibited in the energy transition conversation.

He said that Oando Clean Energy was committed to the 2060 Net Zero target.

“We as, Oando, have stepped forward to effectively take a portion of that commitment of the government; we believe that seven to 10 per cent of that commitment is something we can definitely impact as a company.

“That is a fundamental basis for what we have done in Lagos State on the mass transit. We moved them from diesel operated buses to electric buses.

“These are all agenda to continue to shift us from largely from fossil fuels energy generated and transport system to renewable based energy generation and transport system,” he said. (NAN)

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: Dr. Aionojie Irune Mr. Ademola Ogunbanjo Oando Clean energy

Post navigation

Previous 5 suspects arrested, 5 guns recovered at NANS Convention – Police
Next 2024 Budget “Way Too Small” To Meet Nigeria’s Needs — Budget Office

Related Stories

NNPCL receives C-of-O for Edo Refinery; Okpebholo lists benefits 
  • Business & Economy

NNPCL receives C-of-O for Edo Refinery; Okpebholo lists benefits 

November 14, 2026
Asia buys up African, Brazilian oil as shipping costs fall
  • Business & Economy
  • Music

Asia buys up African, Brazilian oil as shipping costs fall

November 13, 2026
Stock market sheds N293bn as profit-taking lingers; Okomu oil, NASCON lead losers
  • Business & Economy

Stock market sheds N293bn as profit-taking lingers; Okomu oil, NASCON lead losers

November 12, 2026

You may have missed

Be firm and decisive against promoters of electoral violence, Tinubu charges security agencies 
  • Politics

Be firm and decisive against promoters of electoral violence, Tinubu charges security agencies 

November 15, 2026
JOS RALLY: Yilwatda charges North Central guber candidates to work for Tinubu victory APC rally
  • Politics

JOS RALLY: Yilwatda charges North Central guber candidates to work for Tinubu victory

November 14, 2026
Army Recovers 12 Rifles, Rescues 10 Captives as Terrorists Initiate Surrender in Kwara Soldiers beat policemen
  • National News

Army Recovers 12 Rifles, Rescues 10 Captives as Terrorists Initiate Surrender in Kwara

November 14, 2026
A resolute electorate can wield power, by Monday Philips Ekpe
  • Commentaries

A resolute electorate can wield power, by Monday Philips Ekpe

November 14, 2026
  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Politics
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Business & Economy
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
Copyright © All rights reserved. | DarkNews by AF themes.