NEWS: Ethio Telecom Lists on the Ethiopian Securities Exchange
NEWS: Ethiopia’s US$880 Million Eurobond Restructuring Proposal Rejected
NEWS: Ethiopia: NBE Digitizes Franco Valuta Imports Under a Unified legal Framework
NEWS: Diaspora Bank Customers Get Temporary Fayda Exemption After Account Restrictions
NEWS: Telegram Wallet Suspends ETB Crypto Trading From June 2
NEWS: NBE Sets $200mn June FX Auctions as Birr Reform Continues
NEWS: Semera SEZ Secures Four Firms as Afar Salt Cluster Expands
NEWS: Ethiopia to Require Digital Competency Tests for All Drivers
NEWS: ECA Finalises Africa EV Roadmap as $46tn Market Opens
NEWS: Ethiopia Removes 49% Foreign Ownership Cap in Freight Forwarding
LNG/CNG

Nigeria Nears Completion of Innoson CNG and EV Vehicle Manufacturing Plant

Feb 04, 2026
Nigeria Nears Completion of Innoson CNG and EV Vehicle Manufacturing Plant


  • Innoson Vehicle Manufacturing’s compressed natural gas (CNG) and electric vehicle factory near completion. 

  • Factory expected to rank among world’s largest CNG vehicle facilities by production capacity. 

  • Installed capacity to produce up to 3,000 units annually across six vehicle categories. 

  • Innoson plans to hire about 2,000 additional workers in 2026. 

  • Plant to host technical training programme for young Nigerians. 

  • Facility expected to be completed within the next few months. 

  • Project highlights Nigeria’s drive into locally manufactured CNG and electric vehicles. 

Why it matters?

The Innoson plant completion signals expansion in African automotive manufacturing capacity and skills development. Localised production may affect regional vehicle trade and clean fuel mobility trends.