Auto firm, Fidelity partner to boost acquisition of electric cars in Nigeria

An automobile company, CIG Motors has received an order by Fidelity Bank Plc to supply 2000 Wuling Electric Vehicles.

This comes as an entrepreneur and real estate mogul, Dr Ned Okonkwo, moves to set up charging stations across the country.

The strategic alliance by CIG Motors with Fidelity Bank and Ned Okwonkwo marks the shared vision, innovation, and commitment to promoting Wuling EVs as the new generation automobile vehicle.

The partnership through CIG Mobility is also saddled with power generation and installation to power the charging infrastructure set up across the country.

Speaking at the signing ceremony, Chairman, CIG Motors Group, Chief Diana Chen emphasized that pioneering the e-mobility path in the automobile industry, the Wuling EV serves as a smart powerhouse with clean energy storage while providing a sustainable future for everyone.

Executive Director, CIG Motors, Jubril Arogundade, stated that by combining Dr. Okonkwo’s business acumen with Wuling and Fidelity Bank’s support, we are ushering in a new age of sustainability solutions while creating millions of jobs across the country.

“This new partnership is poised to save citizens from the troubles of maintenance, mechanical repairs, emission of carbon, long fueling queues, and most importantly, help to ease the lives of Nigerians through smart living and green initiatives”, he added.

Speaking on the impact of the new partnership, Group Managing Director, Nedcomoaks Limited, Dr Ned Okonkwo, said the partnership would boost economic growth, protect the environment, and improve green energy throughout the country with Fidelity Bank providing accessible financing options for interested persons.