Electric vehicle charging stations are quietly becoming part of Nigeria’s transport landscape, with a small but growing network of chargers emerging, challenging the long-standing dominance of petrol and diesel.
According to 6Wresearch, Nigeria’s electric vehicle market is expected to grow at a Compound Annual Growth Rate (CAGR) of approximately 6.8% between 2025 and 2031.
Nigeria’s push toward electric mobility is influenced by policy signals and climate commitments.
Under the Energy Transition Plan, the federal government aims to reach net-zero emissions by 2060 by cutting transport emissions, introducing a 10 percent biofuel blend by 2030, and transitioning fully to electric vehicles by 2060
This is also backed by the Federal Government’s National Action Plan for the Development of Electric Vehicles, with the target of the plan being to achieve at least 30% local production of electric vehicles by 2032, a goal that places charging infrastructure at the heart of the transition.
As Nigeria moves toward cleaner transport, key individuals and companies are playing a defining role in how fast electric mobility can take hold with early EV charging networks.
Here are the owners of electric vehicle charging stations who are positioning themselves for the next phase of Nigeria’s transport evolution.
Foltï Technologies Limited is a Nigerian electric mobility and clean energy company founded by Ahmad Damcida in 2022.
Damcida is a finance and energy professional with extensive experience in project development and management, and has over 17 years of experience across energy, finance, infrastructure, and advisory services.
He is also the Managing Director and Chief Responsibility Officer of Energy Culture Limited.
He holds a BSc in Banking & Finance from the University of Maiduguri, a Professional MBA in Energy Management from WU Vienna University of Economics and Business, and completed entrepreneurial studies at Harvard Business School. He also earned a postgraduate degree in Artificial Intelligence and Machine Learning from Texas McCombs School of Business.
Before founding Foltï Technologies, Damcida served as Director of Operations and Director of Finance at Energy Culture Limited, shaping strategic operations and financial management across the company.
The company supports its electric fleet with dedicated charging infrastructure, including a solar-powered hub in Lagos equipped with high-capacity chargers and energy storage. In 2025, Foltï announced it had prevented over 85,000,000 grams of carbon from entering the atmosphere through its operations.
Foltï Technologies also operates Nigeria’s first green‑powered ride‑hailing platform, eDryv, launched in April 2025. The service uses electric vehicles charged primarily through solar energy, achieving 95% renewable energy operation.
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