President Tinubu, in response to the inauguration of a $200 million lithium processing plant in Nasarawa State, expressed his government’s ambition to position Nigeria as the manufacturing hub for solar panels and electric vehicle (EV) batteries in Africa. Speaking during a meeting with Chinese Lithium investors, he highlighted Nigeria’s potential in these sectors, emphasizing the country’s vibrant youth population, skilled workforce, and growing economy as conducive factors for investment.
During the meeting, President Tinubu emphasized the importance of environmental protection, community engagement, and corporate social responsibility in the operations of Chinese firms investing in Nigeria. He encouraged them to consider Nigeria’s market potential for solar technologies and battery production, citing Africa’s significant demand for renewable energy solutions.
President Tinubu reassured the investors of Nigeria’s commitment to fostering a conducive business environment and pledged support for their ventures. He envisioned a mutually beneficial collaboration that would not only benefit the investors but also contribute to Nigeria’s economic growth and technological advancement.
Governor Abdullahi Sule of Nasarawa State, accompanied by executives from Avatar New Energy Materials Company Limited and Canmax Technologies, expressed gratitude for the president’s support in solid mineral development. He highlighted the significant economic impact of the lithium processing plant, projecting its potential to contribute to the region’s growth for the next 15 to 20 years.
The Chinese executives reaffirmed their commitment to adhering to mining regulations and fulfilling their corporate social responsibilities to host communities. Avatar New Energy Materials Company Limited, responsible for the recently commissioned lithium processing factory, and Canmax Technologies, a major player in global battery material production, demonstrated confidence in their investments in Nigeria, signaling optimism for future collaborations and contributions to the country’s industrial development.
