The plant, situated in Nasarawa State, was built by the Chinese firm Avatar. Meanwhile, Canmax Technologies, a renowned Chinese firm responsible for over 30 per cent of global battery material production, has announced a new investment of $200 million for another lithium processing plant in the state.
Tinubu lauded the inauguration, boasting that it is Nigeria’s largest lithium processing plant and a clear indication of the country’s attractiveness for foreign investment.
The President made the remarks 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 of Canmax Technologies.
Welcoming the inauguration of the plant and the announcement of new investment plans, President Tinubu urged the Chinese firms to prioritise environmental protection, community engagement, and corporate social responsibility initiatives as integral parts of their operations.
Tinubu lauded the inauguration, boasting that it is Nigeria’s largest lithium processing plant and a clear indication of the country’s attractiveness for foreign investment.
The President made the remarks 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 of Canmax Technologies.
Welcoming the inauguration of the plant and the announcement of new investment plans, President Tinubu urged the Chinese firms to prioritise environmental protection, community engagement, and corporate social responsibility initiatives as integral parts of their operations.
from dailypost
I hope the proceeds from this will be treated the same as crude oil.
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