President Bola Tinubu has hailed the inauguration of Nigeria’s largest lithium processing plant in Lafia, Nasarawa State, signaling the country’s attractiveness for foreign investment.
The plant, built by Avatar New Energy Materials Company Limited, a Chinese firm, produces approximately 4,000 metric tonnes daily.
In addition, Canmax Technologies, another Chinese firm responsible for over 30% of global battery material production, announced a $200 million investment for a new lithium processing plant in Nasarawa State.
President Tinubu urged prioritization of environmental protection, community engagement, and corporate social responsibility by the Chinese firms.
He emphasized Nigeria’s potential as a hub for solar panel and battery production, citing the country’s skilled workforce and vibrant economy.
Governor Abdullahi Sule of Nasarawa State expressed gratitude for President Tinubu’s support and highlighted the significant economic prospects brought by the new investments.
Minister of Solid Minerals Development, Mr. Dele Alake, underscored proactive measures to address mining risks and enhance local value across the mining value chain.
The Chinese executives affirmed their commitment to adhering to regulations and fulfilling corporate social responsibilities. The investments reflect Nigeria’s drive to become a prominent player in the global electric vehicle (EV) battery market, positioning itself as a key hub for sustainable energy solutions in Africa.
