Nigeria needs to prepare for electric cars, says FG

The minister of mines and steel development, Mr Olamilekan Adegbite, says Nigeria needs to prepare for the use of electric cars.

Adegbite said this at an interactive session between the federal government and the state governments in Lagos.

He said the engagement is part of efforts to ensure that investors coming into the country are not faced with multiple barriers after being licenced by the federal government to do business in the mining sector.

The minister noted that though mining was in the exclusive list, some state governors were trying to take advantage of the minerals discovered in their states to grow their revenue base without following due process

He urged state governors to channel funds from minerals into the federation account so that they could benefit through the 13 percent derivation fund.