President Bola Tinubu says Nigeria will become the manufacturing hub for electric vehicle batteries in Africa.
Tinubu commended the inauguration of the lithium processing plant in Lafia, Nasarawa, highlighting it as a positive sign of Nigeria’s appeal to foreign investors.Welcoming the inauguration and the announcement of new investment plans, Tinubu told the Chinese firms to prioritise environmental protection, community engagement, and corporate social responsibility initiatives as integral parts of their operations.
“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 can not 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.
“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,” he said.
Source: Energy Industry News (energyindustrynews.net)
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