Chinese Investment in Nigeria's Lithium Sector
According to the Minister of Solid Minerals Development, Dr. Dele Alake, Chinese companies have invested over $1.3 billion in Nigeria's lithium processing sector since President Bola Tinubu's administration took 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.
Dr. Alake made this disclosure at the 2025 China Mining Conference in Tianjin, themed "Connect and Collaborate, Co-Build and Co-Share."
The minister acknowledged the growing participation of Chinese firms in Nigeria's solid minerals sector.
Author's summary: Nigeria's lithium sector attracts $1.3 billion investment.
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