Skip to content

Gossip News

All gossip news and events

Konga Advert
Menu
  • Home
  • Business & Economy
  • Local News
  • Politics
  • World News
  • Privacy Policy
Menu

Chinese firms invest $1.3bn in Nigeria’s lithium sector – Alake

Posted on October 26, 2025 by Admin

Oct. 26, 2025

The Minister of Solid Minerals Development, Dr. Dele Alake, says Chinese companies have invested 1.3billion U.S dollars in Lithium processing in Nigeria.

Alake stated this while speaking on the 2025 China Mining Conference with the theme “Connect and Collaborate, Co-Build and Co-Share” in Tianjin.

This is contained in a statement by Alake’s Special Assistant on Media, Mr. Segun Tomori, on Sunday in Abuja.

Tomori said the minister reviewed the Chinese mining business in Nigeria and acknowledged their contributions to lithium processing since the administration of President Bola Tinubu assumed office.

“Since September 2023, when this administration assumed office, Chinese companies such as Canmax Technology, Jiuling Lithium, Avatar New Energy Nigeria Company, and Asba have invested over 1.3 billion U.S. dollars in lithium processing.

“The investments have boosted Nigeria’s economic diversification efforts, reduced its dependency on oil and attracted infrastructure, technology transfer and expertise.

See also  Billyamniu Suraj's baseless attack on the Ministry of Solid Minerals Development

“Joint Ventures between Chinese and Nigerian companies in the mining sector often enhance local capabilities and skills among Nigerian workers and engineers,” Alake stated.

The minister urged investors to scale up participation in Nigeria’s solid minerals sector, following reforms that offer prospects of higher returns.

He highlighted security reforms, including the establishment of Mining Marshals and a satellite monitoring system for mining sites, introduced to curb illegal mining and protect licenced operators.

He said the ministry was intentional about facilitating ease of doing business in the sector through technology upgrades, including the Electronic Mining Cadastre (eMC+) and the deployment of the Nigerian Mineral Resources Decision System (NMRDS).

According to Alake, processing mining licence applications through the eMC+ and using the NMRDS for mineral information are improving remote transactions in Nigeria’s mining sector.

See also  Navy hands over 840kg of seized cannabis to NDLEA

Alake, who is also the chairman of the Africa Minerals Strategy Group (AMSG), reaffirmed Nigeria’s commitment to strengthening continental cooperation in mineral exploration and reporting standards.

He emphasised that Africa must build shared systems of knowledge and governance to fully benefit from its vast mineral endowments.

He reaffirmed plans to strengthen the regional Centres of Excellence in Geosciences and Mining Skills, and to expand the role of the Solid Minerals Development Fund (SMDF) in supporting early‑stage exploration alongside de‑risking investments.

“We warmly invite investors, development partners, and technical institutions to explore Nigeria’s vast opportunities in minerals such as lithium, gold, lead-zinc, barite, and rare earth elements.

See also  Consumer exploitation: FCCPC shuts five textile warehouses in Kano

“Our government offers a conducive investment climate, improved security of tenure, and incentives that guarantee mutual benefit.

“Nigeria’s vision is not only to extract minerals, but to also build a globally competitive value chain that supports clean energy transition, job creation, and industrial growth, all within the framework of responsible mining,” he said.

Related Posts

  • Nigeria’s oil sector rebounds after years of theft and vandalism, by Akpandem James

    In my 2021 article on the impact of non-state actors in Nigeria’s oil and gas…

  • Senate passes Finance Bill
    Senate approves Informal Sector Employment Regulation Bill

    Nov. 12, 2025 The Senate, on Wednesday, approved the Informal Sector Employment (Regulation) Bill, 2025.…

  • Nigeria’s trade surplus climbed to 6% -  Cardoso

    Oct. 15, 2025 The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso,…

ADVERTISEMENT

NCC Advert

Tinubu Advert

Advert

Recent Posts

  • Alleged Emefiele’s $4.5bn Fraud : Court Adjourns Forensic Inspection of Exhibit to January 2026
  • FG closes 41 Unity Colleges over insecurity
  • Education district IV hosts Duke of Edinburgh, Prince Edward
  • Tinubu, Oborevwori and Delta security, by Ray Umukoro
  • Reps resume hearing on alleged N1.2trn agric intervention fund misappropriation

Categories

  • Home
  • Business & Economy
  • Local News
  • Politics
  • World News
  • Privacy Policy

ADVERTISEMENT

Recent Posts

  • Alleged Emefiele’s $4.5bn Fraud : Court Adjourns Forensic Inspection of Exhibit to January 2026 November 22, 2025
  • FG closes 41 Unity Colleges over insecurity November 22, 2025
  • Education district IV hosts Duke of Edinburgh, Prince Edward November 22, 2025
  • Tinubu, Oborevwori and Delta security, by Ray Umukoro November 20, 2025
©2025 Gossip News

...
►
Necessary cookies enable essential site features like secure log-ins and consent preference adjustments. They do not store personal data.
None
►
Functional cookies support features like content sharing on social media, collecting feedback, and enabling third-party tools.
None
►
Analytical cookies track visitor interactions, providing insights on metrics like visitor count, bounce rate, and traffic sources.
None
►
Advertisement cookies deliver personalized ads based on your previous visits and analyze the effectiveness of ad campaigns.
None
►
Unclassified cookies are cookies that we are in the process of classifying, together with the providers of individual cookies.
None