Independent Capital Announces New Initiatives In Eco-friendly Transport

A project finance firm, Independent Capital, has emerged a leading firm in Nigeria by championing green innovation and actively supporting eco-friendly projects in the country.

Chief executive officer of the firm, Dr George Nwangwu, announced this groundbreaking initiative in a statement released in Abuja on Tuesday, December 12, 2023. The move aligns with the Nigerian government’s plan to introduce gas-powered vehicles following the removal of fuel subsidies.

Nwangwu emphasized that the initiative is a transformative leap towards sustainable transportation in the country. He stated, “With our fusion of financial expertise, a profound understanding of environmental and social impact, and a commitment to reducing carbon emissions, the company aims to reshape the nation’s mobility landscape for a cleaner and more prosperous future.”

He added that this marks a paradigm shift in Nigeria’s approach to eco-friendly initiatives.
The CEO highlighted the firm’s strategic approach, combining financial expertise with a deep understanding of environmental and social impact, positioning Independent Capital as a catalyst for positive change in Nigeria’s transportation sector.

Its plans involves the introduction of three-wheeler Electric Vehicle (e-trike), symbolizing a move towards eco-conscious mobility. Nwangwu stressed the commitment to establishing a robust network of solar-powered charging infrastructure, addressing the challenges of adopting electric vehicles and contributing to 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,” noted the CEO. In response to the recent removal of fuel subsidies, the firm said it is strategically positioned to capitalize on the shift by introducing sustainable transportation alternatives. The chief finance officer, Moses

Saromi stated, “Our firm is poised to play a pivotal role in shaping the future of transportation in Nigeria as the e-mobility sector undergoes significant developments driven by environmental concerns, technological advancements, and shifting government policies.”

Saromi revealed that the demand for e-mobility solutions in Nigeria is projected to grow exponentially, and Independent Capital aims to capture a significant share of this expanding market, meeting the diverse needs of individual consumers and delivery services.