Edo, US-based Moseri Holding Partner To Establish Electric Mobility Tricycle Manufacturing, Assembly Plant
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Edo State government has secured a strategic partnership with United States-based investors to establish an electric mobility manufacturing and assembly plant for electric tricycles.
The partnership is aimed at accelerating industrialization, creating job opportunities and promoting clean transportation.
The state Commissioner for Power, Hon. Paul Usenbo, disclosed this in an interview, saying the project is being executed through a partnership involving US-based Moseri Holding Limited, JBV Manufacturing and a tricycle manufacturing company.
Usenbo said the collaboration would establish an e-mobility company in Edo State to manufacture and assemble electric tricycles for the Nigerian market, positioning the state as a hub for clean energy technology, innovation and vehicle production.
He explained that the initiative aligns with Governor Monday Okpebholo’s economic agenda of attracting strategic investments, expanding industrial capacity and creating sustainable employment through renewable energy and technology-driven manufacturing.
According to the commissioner, local production of electric tricycles would reduce dependence on imports, strengthen domestic manufacturing capabilities and support the growth of Nigeria’s electric vehicle value chain.
He added that the project would also lower production and logistics costs, making electric tricycles more affordable while creating direct and indirect jobs in assembly, maintenance, technical support, spare parts distribution and after-sales services.
“The advantage of this initiative is that electric tricycles will become more affordable for our people. More importantly, Edo residents will benefit from employment in assembly, maintenance, after-sales services and warranty support, creating a sustainable value chain for the state’s economy,” Usenbo said.
The investment, the commissioner also said, formed part of broader reforms by the Ministry of Power to attract private sector participation in the energy sector, diversify the state’s economy and promote environmentally sustainable transportation.
He further disclosed that the state government is engaging international investors across the power and renewable energy value chain, describing the e-mobility project as one of several strategic initiatives aimed at positioning Edo as a preferred destination for technology-driven manufacturing and clean energy investments.
Usenbo, however, expressed confidence that the project would boost local industrial capacity, facilitate technology transfer, strengthen workforce skills, stimulate economic growth, and reinforce Edo State’s position as a leading destination for electric mobility and renewable energy investments.
