The Federal Government of Nigeria has granted approval for Chinese companies to establish electric vehicle (EV) factories in the country. This initiative aims to harness Nigeria’s rich solid mineral resources and boost local industrialization.

The announcement came during a meeting between the Chinese Ambassador to Nigeria, Yu Dunhai, and Dr. Dele Alake, the Minister of Solid Minerals Development. Ambassador Dunhai highlighted the importance of collaboration between Nigeria and China in advancing industrial growth.

The new EV factories are expected to promote local manufacturing of electric vehicles and batteries, reducing Nigeria’s reliance on imports. This aligns with the government’s efforts to diversify the economy and leverage its mineral wealth, particularly lithium, which is vital for battery production. Additionally, the factories will create job opportunities, contributing to economic growth.

Minister Alake reaffirmed the government’s commitment to attracting serious investors and ensuring local value addition in the mining industry. He also noted the importance of supporting Chinese firms in adhering to local regulations and environmental standards.

As Chinese automakers enter Nigeria’s EV market, competition is likely to rise, benefiting consumers with improved product quality and lower prices. This partnership marks a significant step toward a more sustainable and technologically advanced automotive industry in Nigeria.