Nigeria to Become Africa’s Solar Panel and EV Battery Manufacturing Hub

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Nigeria’s President, Bola Tinubu, unveiled ambitious plans for the local production of solar panels and electric vehicle (EV) batteries, positioning the nation as a manufacturing powerhouse within Africa. The declaration, made during the inauguration of Nigeria’s largest lithium processing plant in Lafia, Nasarawa State, marked a significant milestone in the country’s quest for energy independence and economic growth.

Chief Ajuri Ngelale, Special Adviser to the President (Media & Publicity), underscored the importance of this development, citing it as a testament to Nigeria’s attractiveness for foreign investment. “This inauguration signifies Nigeria’s appeal for foreign investment and its commitment to becoming a key player in the renewable energy sector,” Ngelale stated.

President Tinubu’s announcement, delivered in Abuja on Friday, garnered attention from key stakeholders including Governor Abdullahi Sule of Nasarawa State, Mr. Hi Yongwei, Chairman of Avatar New Energy Materials Company Limited, and Mr. Zhenhua Pei, Chairman of Canmax Technologies.

Tinubu emphasized Nigeria’s potential as a lucrative market for solar technologies and EV batteries, citing the country’s abundant human capital and favorable economic conditions. “Our youths are vibrant and skilled. Our people are brilliant and adapt to new technology,” Tinubu remarked, highlighting the nation’s readiness to embrace renewable energy solutions.

See Also: 25m Poor Nigerians to Pay N4,000 Monthly for Solar System

The President also stressed the importance of responsible mining practices, urging companies to prioritize environmental stewardship and community engagement. “You must not leave the community in ruins as you explore for our high-grade minerals. We are caring partners,” Tinubu emphasized, calling for collaborative efforts to ensure sustainable development.

Avatar and Canmax Technologies, two prominent Chinese firms, have already made significant investments in Nigeria’s renewable energy sector. Avatar’s lithium processing plant in Nasarawa State has a daily production capacity of approximately 4,000 metric tonnes, while Canmax Technologies announced plans for a new $200 million investment in the region.

Welcoming these investments, President Tinubu emphasized the need for environmental responsibility and corporate social responsibility. “You can always promote the interest of China and Nigeria as the best place in Africa to do business,” Tinubu urged the Chinese executives, highlighting the potential for mutually beneficial collaboration.

Governor Sule expressed gratitude for the President’s support towards solid mineral development in Nigeria, noting the substantial economic benefits of the newly commissioned lithium processing plant. He highlighted the plant’s projected turnover of $500 million and its potential to drive economic growth in the region for the next two decades.

Mr. Alake, representing the Ministry of Mines and Steel Development, outlined government initiatives to address environmental risks associated with abandoned mines and promote indigenous participation in the mining sector. He emphasized the government’s commitment to sustainable development and economic empowerment.

In their closing remarks, the Chinese executives reaffirmed their commitment to adhering to mining regulations and fulfilling corporate social responsibilities. They hailed their investments in Nigeria as valuable contributions to the nation’s economic and social progress.

Source: NairaMetrics

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