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Oando, Lagos Begin Operation Of Electric Mass Transit Buses

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Oando Clean Energy Limited, the renewable energy subsidiary of Oando, in partnership with the Lagos Metropolitan Area Transport Authority, on Tuesday, marked the formal commencement of operations of Oando’s electric mass transit buses at the Lagos Bus Services Limited Head Office, Ilupeju, Lagos.

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A statement from Oando stated that the initiative aimed at transitioning the Lagos State public transport system through the development of a pathway to a carbon free mobility ecosystem within the state.

It stated that the buses would provide a viable, competitive, and environmentally friendly alternative to the current internal combustion engine mass transit buses.

The Managing Director, LAMATA, Abinbola Akinajo, highlighted the importance of public-private-partnerships, by stating that “this initiative is a major aspect of our vision for transportation in Lagos State, we are desirous of having a clean and efficient transportation system.

“Today’s event is proof of our desire to involve the private sector in our activities to give the average Lagosian the ability to meet their mobility needs.  LAMATA is a multi-fuel transport regulatory agency for Lagos, hence the partnership with OCEL for the use of EV buses in passenger operations.

“From LAMATA’s perspective we are open to do business with the private sector while ensuring that these partners are aligned with the vision of Lagos state.  I am elated that in just over a year that Oando Clean Energy came to us to discuss the possibility of working with us in the deployment of electric buses we have signed an MoU with a key deliverable being the implementation of a PoC that would allow us finally include electric buses in our ecosystem.”

On his part, the commissioner for Energy and Mineral Resources, Lagos State, Engr Olalere Odusote , said “We had identified transportation as a major cause of pollutants and health problems in the State. For us, this initiative is another step we’re taking as a Government to ensure we clean up the environment in addition to ongoing initiatives in the energy sector.”

Speaking at the event, the president/CEO of OCEL, Dr. Ainojie ‘Alex’ Irune noted that it was an opportunity for Oando and Lagos State government to revolutionise transport in the country, especially Lagos.

“In the very near future, we will have a multitude of locally trained engineers who are capable of operating, maintaining, and servicing these buses and other renewable energy assets,” he added.

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Business

How EIB, AfDB and EU Are Unlocking Nigeria’s Entrepreneurial Potential

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Nigeria’s entrepreneurial potential deserves investment—and the support to turn ideas into growing businesses.

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Through Boost Africa, the European Investment Bank (EIB), together with the African Development Bank (AfDB) and with EU support, is strengthening entrepreneurship and innovation.

By supporting venture capital investment and providing technical assistance, Boost Africa helps African businesses, including those in Nigeria, access capital, expertise
and networks to grow and reach new
markets.

Meet one of the businesses behind the Boost Africa story. Hear Daya’s
co-founders, Tomiwa “Aleph” Lasebikan, and Paul Joe share the company’s journey and ambition to connect African businesses to global markets.

▶️ Watch Daya’s Boost Africa story:


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ENERGY

NISO Warns of Severe Power Supply Strain as Gas Runs Short

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 NISO power generation has fallen as gas shortages and low reservoir levels constrain thermal and hydroelectric plants, worsening supply nationwide

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Boost Africa Fuels Daya’s Bold Cross-Border Ambitions

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 Boost Africa Daya highlights how investment is supporting Nigerian fintech innovation and easier cross-border payments for African businesses

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