• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Monday, June 2, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Nigeria can be Africa’s hub for production of solar panels, Ev battery, laptops

Solar

The Matters Press by The Matters Press
May 11, 2024
Reading Time: 3 mins read
0
Nigeria can be Africa’s hub for production of solar panels, Ev battery, laptops

Excited over the inauguration of Nigeria’s largest lithium processing plant in Lafia, in North Central Nasarawa State, President Bola Tinubu said there was no reason why Nigeria could not be Africa’s hub in the production of solar panels as well as computers.

RELATED POSTS

CUPP goofs over President Tinubu’s 2027 endorsement by governors

Senate’s stance on Nigeria’s Legislature-Executive Relationship, thrilling

Tinubu explains mission as he marks second year in office

Aside the main products of Lithium, he said, there ere other aspects of lithium that you could be explored in the country, especially in battery production.

Nigeria is a huge market for solar panels.

Africa is a major consumer of solar technologies. I do not see why these panels and batteries cannot be produced here.

The labour is cheaper.

Our youths are vibrant and skilled. Our people are brilliant and adapt to new technology.

The economy is increasingly more vibrant, and Nigeria is dependable. We have the consumption capacity and a surplus of steady-handed citizens with gifted minds and an innate drive to work and produce.

President Tinubu commended the inauguration of Nigeria’s largest lithium processing plant in Lafia, in North Central Nasarawa State, declaring it as a clear indication of the country’s attractiveness to foreign investment.

President Tinubu said on Friday in Abuja during a meeting with Governor Abdullahi Sule of Nasarawa State, who was accompanied by Mr Hi Yongwei, Chairman of Avatar New Energy Materials Company Limited, and Mr. Zhenhua Pei, Chairman, Canmax Technologies.

Avatar, a Chinese firm, built the lithium processing plant which produces about 4,000 metric tonnes daily while Canmax Technologies, a renowned Chinese firm responsible for over 30% of global battery material production, announced a new investment of $200 million for another lithium processing plant in Nasarawa State.

Welcoming the inauguration of the plant and the announcement of new investment plans, President Tinubu urged the Chinese firms to prioritize environmental protection, community engagement, and corporate social responsibility initiatives as integral parts of their operations.

”You must not leave the community in ruins as you explore for our high-grade minerals. You must be concerned with cooperation and always care for the community.

”We are caring partners. We want your investments to succeed so that you can expand further. Whenever you call on us, we will help you. You can, in mutually-beneficial collaboration with us, dominate the solar panel market as part of a revolution in Africa and the West African sub-region.

”You can always promote the interest of China and Nigeria as the best place in Africa to do business. We are preparing to produce in this country the solar technologies that the entire continent will use,” the President said.

President Tinubu also applauded Governor Sule and the Minister of Solid Minerals, Mr. Dele Alake, for their dedication to ensuring environmental protection and value addition by mining firms operating in the country.

”The Governor of Nasarawa State and the Honourable Minister of Solid Minerals, Dele Alake, also share in these congratulations.

”It is a great joy to have you (the Chinese executives) in Nigeria. It is part of our campaign that Nigeria is open for business. We congratulate your courage in believing in us and the inauguration of the new factory.

”I can assure you that we will continue to give you the necessary support and encouragement. This is an opportunity for you to help tell the rest of the investment world that Nigeria is solid and open for business,” the President said.

In his remarks, Governor Sule thanked the President for his unflinching support toward solid mineral development in the country and for sending Senate President Godswill Akpabio to represent him at the inauguration.

”The company that we just commissioned today in Nasarawa is a 500-million-dollar turnover company. They are happy, and they have seen enough potential to mine lithium in the region for the next 15 to 20 years,’’ the Governor said.

In his remarks, Mr. Alake said the ministry has embarked on proactive measures to address the risks posed by abandoned mines across the country, left behind by colonialists in the 1950s and 1960s.

”We are in the process of putting in place remedial measures, converting some of them into constructive uses, like farming and irrigation.

”To ensure that companies operating in this sector no longer abandon the mines after they have finished operations, it is part of our requirements that for licencing fresh applicants, there must be concrete remediation plans that are viable and working before any application is approved for mining,” he said.

The Minister also said applicants seeking mining licences must demonstrate a commitment to enhancing local value across the entire mining value chain, aligning with the government’s agenda to promote indigenous participation and economic empowerment.

Tags: LithiumSolar
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

President Tinubu outlines new economic, monetary, foreign policies
Economy/Technology

CUPP goofs over President Tinubu’s 2027 endorsement by governors

June 2, 2025
Senate probes $3.5b with NNPC
Economy/Technology

Senate’s stance on Nigeria’s Legislature-Executive Relationship, thrilling

May 30, 2025
Nigerians to own brand new vehicles, goods through new credit scheme initiative
Economy/Technology

Tinubu explains mission as he marks second year in office

May 29, 2025
Chevron, NNPC secure $1.4bn for drilling project
Economy/Technology

Increasing oil rigs, a big score for Nigeria’s petroleum sector reforms

May 26, 2025
Group hails Presidential Council initiative, welcomes President Tinubu’s N2tn stabilisation package
Economy/Technology

Pope’s invitation to Tinubu reflects Nigeria’s relevance in global affairs -TMSG

May 24, 2025
Tinubu steering Nigeria away from Venezuela-like tragedy – IMPI
Economy/Technology

Tinubu espouses Nigeria’s unity, diversity at Pope Leo’s inauguration

May 22, 2025
Next Post
President Tinubu reaffirms Nigeria’s strategic role in stabilising Africa

President Tinubu reaffirms Nigeria’s strategic role in stabilising Africa

Shettima urges members of NCP to ensure good lives through privatisation

Nigeria's Tax Reforms For Benefits Of Nigerians - VP Shettima

Recommended Stories

Global trade’ll grow to $30tn by 2030

Nigeria records N11trn total trade for Q4 2022

March 11, 2023
Lafarge Africa net sales increase by 27.1%

Lafarge Africa records 4.7% loss

March 1, 2024
NERC, FCCPC collaborate on consumer protection

NERC sanctions 11 DisCos for non-compliance with rules on billing

February 10, 2024

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • CUPP goofs over President Tinubu’s 2027 endorsement by governors
  • Senate’s stance on Nigeria’s Legislature-Executive Relationship, thrilling
  • Tinubu explains mission as he marks second year in office

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us