Oando, one of Nigeria’s leading indigenous energy solution providers has recorded another milestone with its signing of a Memorandum of Understanding (MoU) with the Lagos Metropolitan Area Transport Authority (LAMATA), the Lagos State Government agency tasked with planning, implementing, regulating and franchising sustainable integrated public transport in Lagos.
The MoU was signed on April 28, 2022. According to a statement, the MoU establishes a partnership between Oando Clean Energy Limited (OCEL), the renewable energy business of Oando, and Lagos State in the state government’s journey to becoming a sustainable city via the rollout of electric mass transit buses, supporting charging infrastructure and service centers (EV Infrastructure Ecosystem). It pointed out that with over 25 million residents, Lagos remains the most populous city in Africa and among the top ten of the world’s fastest-growing megacities. According to the statement, over the last decade, the number of vehicles on Lagos roads have quadrupled, yet studies had suggested that the state could become the world’s most populated city by 2100 with as many as 100 million residents; and as the city grows, so will the number of vehicles.
