An indigenous project finance firm, Independent Capital, is embarking on an ambitious project to support the adoption of gas-powered vehicles in Nigeria’s transport sector, particularly in light of the recent fuel subsidy removal. The company’s innovative green initiative includes the introduction of electric vehicles (e-trikes) and the establishment of a solar-powered charging infrastructure to promote eco-conscious mobility.
Solar-Powered Charging Infrastructure
Independent Capital’s CEO, Dr. George Nwangwu, emphasizes the company’s commitment to building a robust network of solar-powered charging stations. This infrastructure aims to support the operations of the e-trike fleet, addressing challenges associated with electric vehicle adoption while actively contributing to the development of a sustainable energy ecosystem.
Financial Expertise and Environmental Impact
Nwangwu highlights the company’s unique approach, combining financial expertise with a deep understanding of environmental and social impact. Independent Capital positions itself as a catalyst for positive change in Nigeria’s transportation sector, seeking to usher in a transformative leap towards sustainable mobility.
Unveiling the E-Trike Fleet: A significant aspect of Independent Capital’s visionary plans involves the introduction of a three-wheeler Electric Vehicle (e-trike). This move signifies a notable shift towards eco-conscious mobility, aligning with the company’s commitment to reducing carbon emissions and enhancing transportation quality.
Market Response to Fuel Subsidy Removal
In response to the recent removal of fuel subsidies, the Nigerian market is undergoing a fundamental shift. Independent Capital seizes this opportune moment to introduce sustainable transportation alternatives, poised to capitalize on the evolving needs of the market in the e-mobility sector.
Strategic Positioning for Growth
Moses Saromi, Chief Finance Officer (CFO) of Independent Capital, emphasizes the company’s pivotal role in shaping the future of transportation in Nigeria. With a focus on e-trikes, Independent Capital strategically positions itself to capture a significant share of the growing market, meeting the diverse needs of individual consumers and delivery services.
Projected Growth in E-Mobility
Saromi points out that the demand for e-mobility solutions in Nigeria is projected to experience exponential growth with a 15 percent Compound Annual Growth Rate (CAGR). Independent Capital emerges as a driving force in the nation’s journey towards a cleaner and more efficient transportation ecosystem.
Independent Capital’s green initiative stands as a testament to its commitment to environmental sustainability, offering a greener and more efficient transportation ecosystem for Nigeria’s population. The company’s forward-looking approach aims to contribute to a cleaner environment and improve the overall quality of transportation in the country.
Source: thisdaylive.com
