Firm Unveils Eco-friendly Initiative for Transport Sector
Ndubuisi Francis in Abuja
An indigenous project finance firm, Independent Capital, has unveiled an ambitious project to champion an innovative green initiative aimed at supporting gas-powered vehicles in Nigeria, in the wake of fuel subsidy removal.
The initiative is designed to support the nascent gas-powered vehicles ecosystem which are making their way into Nigeria’s transport sector.
With its electric vehicles (e-trike) which signal a significant move towards eco-conscious mobility, the Chief Executive Officer (CEO) of Independent Capital, Dr.
George Nwangwu, said the company was committed to establishing a robust network of solar-powered charging infrastructure.
This is to support the operations of its e-trike fleet, adding that the innovative strategy not only tackles the obstacles associated with adopting electric vehicles but would also actively contribute to the establishment of a sustainable energy ecosystem.
In a statement made available to THISDAY, Nwangwu said his company’s strategic approach combines financial expertise with a profound understanding of environmental and social impact, positioning the firm as a catalyst for positive change in the country’s transportation sector.
According to him, it is aimed at a transformative leap towards sustainable transportation in the country.
He said with the company’s fusion of financial expertise, a profound understanding of environmental and social impact, a commitment to reducing carbon emissions and improving transportation quality, “the company aims to reshape the nation’s mobility landscape for a cleaner and more prosperous future.”
Nwangwu explained that “it is charting new territories in the realm of sustainable finance by announcing ambitious plans that signify a paradigm shift in Nigeria’s approach to eco-friendly initiatives.”
He noted that the cornerstone of Independent Capital’s visionary plans involves the unbundling of its three-wheeler Electric Vehicle (e-trike) which signals a significant move towards eco-conscious mobility.
The company, he stressed, is committed to establishing a robust network of solar-powered charging infrastructure to support the operations of its e-trike fleet as the innovative strategy not only tackles the obstacles associated with adopting electric vehicles but would also actively contribute to the establishment of a sustainable energy ecosystem.
“We are dedicated to reducing carbon emissions, alleviating congestion and improving the overall quality of transportation for the Nigerian population. Independent Capital aims to create a greener and more efficient transportation ecosystem that enhances the lives of individuals and contributes to a cleaner environment, “he noted.
According to him, in response to the recent removal of fuel subsidies, the Nigerian market is experiencing a fundamental shift, creating an opportune moment for innovative solutions in the e-mobility sector which “Independent Capital is well-positioned to capitalise on this shift by introducing sustainable transportation alternatives that cater to the evolving needs of the market.”
Also, speaking, the Chief Finance Officer (CFO) of the company, Mr. Moses Saromi, said “with the e-mobility sector undergoing significant developments, driven by environmental concerns, technological advancements and shifting government policies our firm is poised to play a pivotal role in shaping the future of transportation in Nigeria,”
He revealed that the demand for e-mobility solutions in Nigeria is projected to grow exponentially by 15 per cent Compound Annual Growth Rate (CAGR), noting that Independent Capital stands at the forefront of providing sustainable alternatives to traditional vehicles and that with a focus on e-trikes, the company strategically positions itself to capture a significant share of the expanding market to meet the diverse needs of individual consumers and delivery services to the Nigerian society.
He added that in the pursuit of a cleaner and more efficient transportation ecosystem, Independent Capital remains a driving force in the nation’s journey towards a greener future.
