Abuja, Dec.13, 2023: Independent Capital, a visionary project finance firm, says it is committed to supporting green innovative projects in Nigeria through sustainable transportation in the country.
George Nwangwu, Chief Executive Officer of the firm, said this in a statement in Abuja on Tuesday.
Nwangwu said this was coming on the heels of the plan by the Nigerian government to introduce gas-powered vehicles in the country as a fallout of the removal of fuel subsidies.
“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.
” This is for a cleaner and more prosperous future.
“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.”
Nwangwu said its strategic approach combined financial expertise with a profound understanding of environmental and social impact, which had positioned the firm as a catalyst for positive change in the country’s transportation sector.
He said that the cornerstone of the firm’s visionary plans involved the unbundling of its three-wheeler Electric Vehicle (e-trike) which signaled a significant move towards eco-conscious mobility.
Nwangwu said that the company was committed to establishing a robust network of solar-powered charging infrastructure to support the operations of its e-trike fleet.
He said this was necessary because the innovative strategy not only tackled 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 said.
Nwangwu said in response to the recent removal of fuel subsidies, the Nigerian market was experiencing a fundamental shift, creating an opportune moment for innovative solutions in the e-mobility sector.
According to him, the Independent Capital is well-positioned to capitalise on this shift by introducing sustainable transportation alternatives that cater to the evolving needs of the market.
Mr Moses Saromi, Chief Finance Officer, Independent Capital, said the firm was poised to play a pivotal role in shaping the future of transportation in Nigeria.
He said that the demand for e-mobility solutions in Nigeria was projected to grow exponentially by 15 per cent Compound Annual Growth Rate (CAGR).
” Therefore Independent Capital stands at the forefront of providing sustainable alternatives to traditional vehicles.
“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.”
Saromi said that in the pursuit of a cleaner and more efficient transportation ecosystem, Independent Capital remained a driving force in the nation’s journey towards a greener future.