Stanbic IBTC, LOXEA BYD Join Forces To Accelerate EV Adoption In Nigeria

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Nigerians are increasingly embracing greener transport as Stanbic IBTC Bank offers flexible financing for EV and hybrid vehicles.

Nigerians are increasingly embracing greener transport as Stanbic IBTC Bank offers flexible financing for EV and hybrid vehicles.

Innovative EV Vehicles On Display

At the BYD showroom in Lagos, visitors explored models like the ATTO 3 and Dolphin, discovering practical options for urban commuting.

Moreover, these vehicles lower running costs, reduce fuel dependence, and shrink environmental footprints.

Incentives Drive Early Adoption

To encourage early adoption, the bank and distributor introduced limited-time incentives, including vendor discounts and reduced financing rates.

Read Also: Tamrose Repays $10M NCI Fund Loan, Triples Fleet Size

Olu Delano of Stanbic IBTC Bank explained that the initiative empowers Nigerians with affordable, environmentally friendly mobility choices.

Meanwhile, Mehdi Slimani of LOXEA Nigeria emphasised that these vehicles provide sustainable, innovative, and future-ready transport solutions.

As a result, businesses and commuters are showing growing interest.

The initiative demonstrates that electric mobility is no longer a distant concept but a practical option for everyday life.

With cleaner, smarter vehicles rolling onto Nigeria’s streets, the country takes a tangible step toward a greener, more efficient urban transport ecosystem.

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