Two weeks ago, the federal government (FG) announced that 30% of the cars in Nigeria will be electric by 2025. Judging by initial reactions on social media, it is clear that Nigerians do not believe the government’s projections. To be honest, it is unclear whether the FG believes its own projections.
The reason is simple. For decades, Nigeria has not been able to produce enough electricity to meet its needs, which are without electric cars. There’s a common rule of thumb that gets mentioned a lot: 1 million people need 1,000 Megawatts (MW) of electricity.
So, that means that Nigeria, with a population of 200 million people, should have 200,000 MW of electricity. As most of you will know, we have nothing close to that. On a good day, we have 5,000 MW, significantly below the ideal. But, I would like to take the conversation deeper than that.